News

  • ANPG, ExxonMobil, Sonangol to explore Namibe basin potential

    Angola’s National Oil, Gas and Biofuels Agency (ANPG), ExxonMobil, and Sonangol have signed three agreements extending prospecting and exploration activities to Namibe basin, an unexplored area offshore Angola.   The agreements increase the exploration area over 17,800 sq km in the previously unexplored maritime zone….

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  • Lytton refinery facing closure

    Ampol’s Lytton oil refinery in Brisbane is facing permanent closure despite a recent federal government proposed A$2.5 billion fuel security package for the refining industry.   The Lytton plant has recorded a A$82 million loss for the September quarter bringing its total losses to A$141…

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  • Eni Gets CO2 Appraisal and Storage Licence

    The UK Oil and Gas Authority (OGA) has announced that it has awarded a carbon dioxide appraisal and storage licence to Eni UK Limited.   Under the licence, which will cover an area located within the Liverpool Bay region of the East Irish Sea, Eni…

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  • Truck Trailers With Solar Panels Can Save Fuel

    In a research partnership, Scania will develop a solar cell clad trailer to power a plug-in hybrid truck.   Initial tests indicate possible fuel savings of five to ten percent in Sweden and twice that amount in sun-rich southern Spain.   “Solar cells have previously…

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  • Total joins offshore France floating wind farm development

    Total has taken a 20% stake in the Eolmed floating wind farm pilot project in the French sector of the Mediterranean.   The location is off the coast of Gruissan and close to Port-La-Nouvelle.   Qair is the developer and majority shareholder of the 30-MW…

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  • OGUK comments on the merger of Chrysaor with Premier Oil

    Following the news of the merger of Chrysaor with Premier Oil today, OGUK’s chief executive Deirdre Michie, said:   ‘Chrysaor and Premier Oil are great stewards, contributors and champions of this industry so this investment is encouraging news for the UK Continental Shelf.    ‘With…

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  • Chevron Bypasses ExxonMobil in Market Value

    Chevron Corporation has overtaken Exxon Mobil Corporation as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago.   California-based Chevron had a market capitalisation of…

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  • Lloyd’s Register Group sells its energy business

    Lloyd’s Register Group (LR) has entered into a deal to sell its energy business unit to Inspirit Capital, a London-based investment firm.   LR said the agreement follows a comprehensive review of LR’s business portfolio and strategic direction.   As disclosed, the deal will create…

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