Italian oil and gas company Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam. Eni said on the 27th July that the exploration well Ken Bau-2X has confirmed a significant hydrocarbon accumulation…
PJSC Lukoil revealed on the 27th July that it has concluded an agreement with Cairn Energy Plc to buy a 40 percent stake in the RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for US$300 million in cash. A potential…
A senior Iraqi official has said the construction work for establishing a major railway project connecting the Arab country to neighbouring Iran will get underway not in the too distant future. “The railway between Iran and Iraq through the Shalamcheh link will get going…
Scientists from ExxonMobil, University of California, Berkeley and Lawrence Berkeley National Laboratory have discovered a new material which could capture more than 90 percent of CO2 emitted from industrial sources, such as natural gas-fired power plants, using low-temperature steam, requiring less energy for the overall…
AIM-listed President Energy, the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina, has provided an update on sales of oil from its Rio Negro fields in Argentina and guidance on H2 Average Group production. Export of Oil Since…
Aral, Bp’s market leading fuel retail brand in Germany, is set to invest in a network of ultra-fast charging infrastructure across the country. Following a successful 12-month pilot project at five of its retail sites, Aral plans to roll out more than 100 charging…
Cue Energy expects the partners in the Sampang PSC offshore Indonesia to submit a plan of development (PoD) soon for the Paus Biru gas discovery. The PoD is based on a single horizontal development well, Paus Biru-2, a tripod wellhead platform (WHP), and a…
In California’s sun-drenched Kern Valley, Chevron Corporation has found a way to use one of the state’s clean-energy programmes to cut the cost of pumping oil, to the chagrin of some environmentalists. Since April, solar panels have been powering oil pumps at Chevron’s Lost…
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities. Under these plans, topsides of both these platforms will be removed onshore for reuse, recycling or disposal. The…
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with monthly numbers plunging to a bottom of just 325 wells in June. A Rystad Energy analysis shows that new operations are now set to rise to above 400…
