News

  • Two Killed in Now-Extinguished Kinder Morgan Arizona Natural Gas Pipeline Fire

    Kinder Morgan said on the 16th August that a fire on its El Paso Natural Gas Pipeline (EPNG) near Coolidge, Arizona, which killed two people and injured another had been extinguished and the pipeline segment remained shut.   “We are coordinating with the National Transportation Safety Board (NTSB), Pipeline and Hazardous Materials…

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  • Danish Project Aims to Fill Empty Oil Reservoirs with CO2

    A Danish project to store captured CO2 in North Sea reservoirs which were once filled with oil and gas moved a step closer to becoming operational, after winning approval from new stakeholders.   Twenty-nine companies, research institutes and universities agreed to support the next testing…

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  • Partners wanted for UK-developed oil pipeline repair robot

    UK engineering firm Forth is looking for assistance to bring the working prototype of a friction stir welding robotic crawler for oil pipeline repair to the commercial stage.   The FSWBot is being developed to travel hundreds of miles down an oil pipeline to scan…

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  • Woodside and BHP discussing merger

    Woodside Energy has confirmed that it is in talks with BHP Petroleum on a potential merger involving the latter’s entire petroleum business.   This would be done via a distribution of Woodside shares to BHP shareholders.   Wood Mackenzie research director Andrew Harwood said: “A…

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  • Rystad: Russia’s oil supply set to break COVID-19 chains

    The OPEC+ alliance’s agreement to steadily increase oil production is paving the way for Russia to shrug off COVID-19 curtailments.   The country is expected to set a new monthly crude and condensate production record of 11.6 million b/d in July 2022, according to recent…

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  • Proposal to create Emirati-Iraqi Business Council

    Maintaining economic momentum between “sisterly countries” the UAE and Iraq was top of the agenda when the Ambassador of Iraq to the UAE visited Abu Dhabi Chamber recently.   Ambassador Dr Mudaffar Mustafa Al-Jubouri was received by Abdullah Mohammed Al Mazrouei, Chairman of Abu Dhabi…

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  • Aramco in Advanced Talks on Up to US$25 billion Reliance Deal

    Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd’s oil refining and chemicals business, people with knowledge of the matter said.   The Saudi Arabian firm is discussing the purchase of a roughly 20% stake in…

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  • Lukoil starts drilling first well in Block 12 off Mexico

    Russian independent oil company Lukoil has started drilling its first exploration well at Block 12 located in the southern area of the Gulf of Mexico.   Lukoil said on the 16th August that the Yoti West-1Exp well would be drilled by the Valaris 8505 semi-submersible…

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  • 88 Energy confirms oil in North Slope, Alaska Merlin wildcat

    88 Energy Ltd, Perth has confirmed discovery of light oil at Merlin-1 in its Project Peregrine programme on the North Slope of Alaska.   Post-well evaluation of the wildcat, drilled in March, has demonstrated the presence of multiple stacked sequences in the Cretaceous-age Nanushuk formation…

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