News

  • Gazprom issues findings on giant gas discovery offshore Russia

    Gazprom has named a new gas field discovered last year in the Kara Sea off northern Russia ‘75 Let Pobedy’ (75 Years of Victory).   The Skuratovskaya prospect on the shelf of the Yamal Peninsula (north-west Siberia) is thought to hold more than 200 bcm of recoverable reserves.  …

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  • NextDecade may delay FID on Rio Grande LNG

    NextDecade Corporation has warned that the COVID-19 pandemic and volatility in the energy markets may adversely affect its business, including efforts to reach a final investment decision (FID) on its 27-million tonne/year (tpy) Rio Grande LNG liquefaction plant in Brownsville, Texas.   Prospects for development…

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  • Pipe Giant Says Drillers Already Reopening Wells

    Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP.   In the Permian Basin’s Midland region, about 8% of oil volumes which feed Energy Transfer’s pipe network…

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  • Petrobras hits two new oil discoveries offshore Brazil

    Oil giant Petrobras has made two new oil discoveries in Brazilian offshore waters.   In an update on the 11th May, Petrobras said it had confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of…

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  • New technology to treble chance of well success

    Technology which has the potential to help the oil and gas industry save millions of pounds by almost trebling the chance of drilling a successful well has taken a major step forward.   The results of a North Sea field trial in 2019, carried out…

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  • Svanen to install Kriegers Flak foundations in the Baltic Sea

    Van Oord’s heavy lift vessel Svanen has arrived at the Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea.   Van Oord entered into an agreement with Vattenfall for the transport and installation of the foundations for the Kriegers Flak wind…

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  • Serica Energy contracts drilling rig for Rhum-3 well intervention

    Serica Energy has entered into a contract for the provision of a drilling rig for the intervention work on the Rhum-3 (‘R3’) well on behalf of the Rhum partners.   The work will be carried out using the AwilcoDrilling’s WilPhoenix, a third-Generation, Enhanced Pacesetter, harsh-environment,…

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  • Former Bakersfield refinery to become renewable fuels plant

    Global Clean Energy Holdings Inc.(GCEH) has acquired and plans the immediate conversion of Delek US Holdings Inc subsidiary Alon Bakersfield Property Inc’s idled 70,000-b/d Bakersfield, California refinery into a renewable diesel production plant . GCEH, which closed the deal on the 7th May at a…

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  • Upcoming Data Should Clarify Oil Market Recovery

    In Rigzone’s most recent review of weekly oil market “hits and misses” one market-watcher pointed out that demand is recovering, albeit slowly. In their preview of what to watch this week in the oil market, panellists anticipate limited price growth, more production shut-ins and perhaps…

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