News

  • PNG LNG Expansion Gains Momentum

    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…

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  • American Oil Finds New Markets

    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…

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  • Siemens Presents Solutions for a Climate-Friendly Energy Future

    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…

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  • Premier Oil announces trading and operations update

    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…

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  • New Permian Oil to Feed Global Markets

    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…

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  • Norway gives go-ahead for Johan Sverdrup Phase 2

    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…

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  • Senators’ bill would impose Nord Stream 2 sanctions

    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…

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  • Argentina’s growing renewable power industry

    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…

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