News

  • Peru LNG Facility Hits Milestone

    On the 3rd July Okra Energy, LLC reported the small-scale natural gas liquefaction facility in Peru which applies the company’s technology has achieved a liquefied natural gas (LNG) production milestone.   The modular and scalable LNG plant in Colan, Piura province – Peru’s first such…

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  • British Forces Seize Oil Tanker

    British special forces have seized a supertanker off Gibraltar suspected of carrying Iranian oil to Syria in violation of European and US sanctions against the war-torn country.   Grace 1, which can hold two million barrels of crude, is now anchored near Gibraltar, a British…

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  • Second Power Unit Of Grozny TPP Comes Onstream

    Power Unit Number Two of the Grozny Thermal Power Plant (TPP) was brought into operation during the annual General Shareholders Meeting of Gazprom.   The power unit is the final facility in the Gazprom Group’s ambitious programme for the creation of new capacities under its…

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  • New Shipping Fuel Rules Rocking the Oil Market

    They may still be six months away, but new rules on marine fuels are already sending shock-waves through the little-known world of refinery feedstocks.   The price of these low-sulphur, heavier oils — which refineries make and then reprocess into transport fuels like gasoline and…

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  • Cuadrilla Using Shale Site to Explore Hydrogen Option

    Cuadrilla Resources Ltd is looking at ways to produce hydrogen from its stalled shale gas exploration site in north-west England to benefit from UK policy pushing the green fuel.   The firm said it will study how hydrogen can be produced from its wells to…

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  • Equinor strikes oil at Oseberg area

    Norwegian offshore oil and gas firm Equinor had said it has made a profitable oil discovery in Oseberg area in the North Sea.   “The well was drilled by the Askepott rig and the discovery will soon be put on stream via the new, unmanned…

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  • Eni-Vitol combine awarded block off Ghana

    A combine of Eni and Vitol has been awarded rights to Block WB03 in the Tano basin offshore Ghana.   The block, in medium deep water, was offered in Ghana’s first international competitive bid round covering areas in 100-4,400 metres of water.   Eni said…

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  • Nord Stream 2 drops Danish North Sea route proposal

    The Nord Stream 2 consortium has withdrawn its application for a route for the Nord Stream 2 gas pipeline system through Danish territorial waters south of Bornholm (a Danish island in the Baltic Sea off the south coast of Sweden).   Last week it sent a…

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  • DP World Buys Topaz Energy for US$1 billion

    DP World Plc revealed on the 1st July that it has acquired 100 percent of Topaz Energy and Marine Limited for US$1.079 billion.   The company purchased Topaz from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital.   “We are pleased to announce the…

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