Santos Ltd has signed a binding letter of intent to acquire a 14.3-percent interest in Petroleum Retention License 3 (PRL 3) that includes the P’nyang natural gas field in Papua New Guinea, the Australia-based firm reported on the 16th May. According to Santos, the…
US crude is reaching new destinations around the world after Chinese buying slowed amid concern that the growing trade dispute between the countries could result in a tax on American oil. America shipped 470.2 million barrels to 38 countries from October through March, compared…
At this year’s “The smarter E-Europe,” Siemens is demonstrating its role in shaping an increasingly decentralised energy landscape. Siemens will show how the digitalisation of renewable energy generation, storage and distribution positively impact the energy transition and sustainability goals. At the trade show, the…
Premier Oil has announced a Trading and Operations Update ahead of its Annual General Meeting which was being held on the 16th May at 11.00 at 11 Cavendish Square, London. Highlights Year to date production of 85.1 kboepd, up 14 per cent on…
Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of US refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter and…
The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development located offshore Norway was formally approved by Norwegian authorities on the 15th May Equinor, the operator of the project, said that the approval came on the same…
Partners in Block 5 located offshore Mexico have signed a sales and purchase agreement with Ophir Energy to acquire Ophir’s 23.33% interest in the block. The partnership consists of Murphy (operator), Petronas, and Wintershall Dea. As previously reported, Ophir decided to sell its…
US Senators Ted Cruz (R-Tex.) and Jeanne Shaheen (D-NH) introduced a bill on the 14th May which would impose targeted sanctions against vessels involved in constructing the proposed Nord Stream 2 natural gas pipeline and other Russian energy projects. “Nord Stream 2 threatens Europe’s…
It is well known that Argentina is one of the fastest developing countries in the oil & gas industry globally, gathering increasing attention from producers and international investors. What is now becoming more apparent is Argentina’s enormous renewable energy potential, as its renewable market…
Aker Solutions has launched ix3(TM), a software and digital services company which enables operators to accelerate field development projects and optimise asset performance. ix3 has created a digital twin platform called Integral which brings together engineering, manufacturing and test data with live-streamed operational data….
