News

  • Edison spuds exploration well offshore Egypt

    Edison Exploration and Production has started drilling the first exploration well in its North Thekah concession located in the Egyptian Eastern Mediterranean waters.   The well was spud on the 18th January 2020, using the Maersk Discoverer semi-submersible rig, Edison said.   The company holds…

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  • Kuwait to Resume Oil Output in Area Shared With Saudis

    Kuwait plans to restart oil production by March at the Wafra field which it shares with Saudi Arabia, more than four years after the neighbours halted output.   Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron…

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  • Palestine asks to Import Fuel from Iraq

    The Palestinian Authority has reportedly filed a formal request to Israel to allow the import of fuel from Iraq.   Palestinian Prime Minister, Mohammed Shtayyeh, told Israel’s Haaretz newspaper that although the request was made four months ago, Israel has yet to respond.   He…

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  • Russian operator lets contract for new methanol plant

    Gaz Sintez LLC has let a contract to Haldor Topsoe AS to license its proprietary SynCOR methanol technology for the operator’s proposed methanol plant at the port of Vlysotsk in Russia’s Leningrad region, 875 km north-west of Moscow.   The plant, which will produce 1.6…

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  • US offshore wind market emerging

    Installed offshore wind capacity in US waters could reach 20 gigawatts (GW) by 2030 and annual investments in the sector could surpass US$15 billion by the mid-2020s, according to new research by Rystad Energy.   Such a trajectory means capex in US offshore wind will…

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  • Premier farms into Mubadala’s Indonesian blocks

    UAE-based Mubadala Petroleum has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs), located offshore Indonesia, to Premier Oil.   Mubadala signed the agreement with Premier to farm out the 20…

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  • BP “Pulls Out” of Kirkuk Oilfield

    BP has pulled out of Iraq’s giant Kirkuk oilfield after its US$100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase its oil output, three sources told Reuters.   “It’s very obvious study results…

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