The offshore industry has turned a corner and can reach a potential project commitment total of US$123 billion in 2019, exceeding commitments in 2014 of $78 billion, according to Rystad Energy. Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven…
Petro Matad, the AIM quoted Mongolian oil explorer, has spudded the Heron-1 exploration well in the Tamsag Basin of Block XX. The well is an appraisal of the T19-46 oil field immediately to the north in Block XIX and is being drilled with the…
The recently expanded Tilbury LNG terminal in Delta, BC, has won its first export contract, facility owner FortisBC reported on the 16th July. FortisBC stated that it will produce LNG for Top Speed Energy Corporation to export to China under a two-year term supply…
Approximately 12.000 litres of oil (75.48 barrels) is estimated to have been spilled this week from the Hibernia oil platform offshore Newfoundland. The oil and gas safety body C-NLOPB said on the 18th July that it had been notified by the Hibernia Management and…
After deploying two drillships and a seismic vessel in Cyprus-claimed waters, Turkey is now sending the fourth vessel. Turkish minister for energy and natural resources Fatih Donmez tweeted on the 16th July that the Oruc Reis seismic vessel would join the TPAO vessel trio…
Petrobras and Uruguay’s government unveiled agreements allowing the return of two gas suppliers who had been ceded to Brazil’s state-run oil giant: Conecta SA and Distribuidora de Gas de Montevideo. The announcement was made by Petrobras on the 16th July. Petrobras CEO Roberto…
Ansuria Hibiscus UK Ltd, an indirect wholly owned subsidiary of Hibiscus Petroleum Bhd of Kuala Lumpur, has conditionally agreed to buy Licence P2366 offshore the UK from United Oil & Gas Plc and Swift Exploration Ltd. Licence Block 15/19b, 250 km north-east of Aberdeen,…
BHP expects to take an investment decision later this year on the Ruby gas project off Trinidad and Tobago, the company said in its latest results statement. Recently BHP completed Phase 3 of its deep-water drilling campaign around the islands: the Bélé-1, Tuk-1, and…
Reuters has reported that the Iraqi government has authorised the Ministry for Oil to sign an initial agreement with Netherlands-based Royal Boskalis Westminster to build an “offshore oil export installation“. Source: Iraq Business News
The estimated cost of decommissioning the UKCS’s remaining oil and gas infrastructure is continuing to reduce, according to the latest analysis by the Oil and Gas Authority (OGA). The ‘UKCS Decommissioning Cost Estimate 2019’ report, published on the 18th July, shows strong progress towards…
