News

  • Abu Dhabi Seeks New Oil Benchmark

    Abu Dhabi has started trading futures contracts for Murban crude, its biggest oil grade, in a bid to create a benchmark for the energy market.   The aim is “to make sure that Murban is a globally freely traded commodity and allows everybody around the…

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  • Neptune amends volume estimate for Dugong discovery

    Oil and gas company Neptune Energy has reduced the upper range of its volume estimate for the Dugong discovery, located in the Norwegian sector of the North Sea, following an appraisal well drilling.   Neptune revealed it had found hydrocarbons in the Dugong exploration well…

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  • Total Solarises L’Oréal’s First Industrial Site in France

    Total, through its affiliate Total Quadran, one of the leading renewables players in France, has announced the commissioning of the solarisation project at L’Oréal’s Vichy production plant. The project consists of photovoltaic parking lot awnings and charge points for electric vehicles.   The renewable electricity…

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  • Van Gogh floater goes back in service offshore Australia

    Santos has resumed production through the FPSO Ningaloo Vision offshore Western Australia following scheduled maintenance in drydock in Singapore.   The vessel, connected to the Van Gogh, Coniston and Novara oil fields, is currently ramping-up production again and should reach 10,000 b/d in the next…

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  • Mexican ministry to decide on Zama field unitisation

    Houston-based Talos Energy has announced that the unitisation process of the giant Zama oil field, located in Mexican waters, will enter its next phase, as established in Mexican regulation.   Discovered in 2017 by the Talos-led consortium, Zama is a shared reservoir which extends from…

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  • New Mexico to Impose Stricter Rules on Flaring

    New Mexico, home to the most prized portion of the Permian Basin shale formation, has become the latest state to impose stricter rules to combat the flaring and venting of natural gas.   The five-member New Mexico Oil Conservation Commission voted unanimously on the 25th…

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  • PGNiG reaches deal for INEOS’ offshore Norway interests

    INEOS Energy has agreed to sell its Norwegian E&P portfolio to PGNiG Upstream Norway for US$615 million.   The deal includes all interests in production, licences, fields, facilities and pipelines owned by the company on the Norwegian continental shelf.   Presently INEOS E&P Norge produces…

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  • Bass Oil plans drilling activity in south Sumatra basin

    Bass Oil, Melbourne, has identified expansion opportunities west of Indonesia’s onshore Bunian oil field in south Sumatra basin and plans to start a drilling programme later this year with one firm well and an additional two contingent wells.   As part of its first major…

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