News

  • Basra-Aqaba Pipeline may be extended into Egypt

    Iraqi and Egyptian officials have discussed the possibility of extending the Basra-Aqaba pipeline to Egypt.   The matter was discussed at a meeting on the 18th March between Iraq’s Oil Minister Ihssan Abdul-Jabbar Ismail the Egyptian Ambassador to Iraq.   A press release after the…

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  • Indian Refiners to Import More Oil from USA

    Indian refiners plan to buy less oil from the Middle East in the coming months as OPEC+’s supply restrictions makes US crude more attractive.   Strong gasoline demand due to people favouring private vehicles amid the Covid-19 pandemic and a slower recovery in diesel is also giving…

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  • Divers repair war-damaged wells offshore Iran

    Iranian Offshore Oil Company has rehabilitated four damaged wells at the Nowruz field in the Persian Gulf.   According to news service Shana, wells 5, 6, 7 and 8 caught fire during an air attack in the Iraq-Iran war of the early 1980s.   Due…

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  • UKSMR Consortium Joins European Nuclear Industry Group FORATOM

    The UKSMR consortium led by Rolls-Royce has joined European nuclear industry group FORATOM, as it develops its global reach and eyes a vibrant export market.   The UKSMR consortium is designing a low-cost factory built nuclear power station, known as a small modular reactor (SMR)….

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  • Neste selects Rotterdam for possible renewables refinery

    Neste Corporation has selected Rotterdam  to potentially site a proposed renewables refinery as part of the operator’s plan to expand its existing European feedstock and production platform for renewable products.   Conclusions of a study examining possible locations in Porvoo, Finland, and Rotterdam – two…

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  • The Ever-shrinking Role of Gas in Australia’s Power System

    There’s a lot riding on predictions of the future, when it comes to climate. In Australia, the future of coal is mostly a debate about whether its demise is fast, or slow. For the country’s gas-fired power generation, the debate is slightly more complicated.  …

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  • Swift Drilling hired for long-term P&A job in North Sea

    Dutch jack-up drilling specialist Swift Drilling has been awarded a long-term contract by Wintershall Noordzee to perform a plug and abandonment campaign in the Dutch and German North Sea.   Swift Drilling, a part of Van Es Holding, will employ the jack-up rig Swift 10…

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  • Shale Producers Find Themselves in Unusual Position

    Shale’s newfound prudence after last year’s crash is putting producers in the unusual situation of reducing oil output just as prices surge.   More focused than ever on keeping spending in check, shale drillers haven’t been boring new wells fast enough to keep up with…

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