President-elect Jair Bolsonaro is pursuing the sale of Brazil’s deep-sea treasure-trove of oil, but just weeks after his election he is facing the same political obstacles as his two predecessors. While Mr Bolsonaro’s transition team argues the sale could net some US$30 billion to…
South America focused oil and gas producer and explorer, Amerisur Resources Plc, announced on the 23rd November that it has entered into a farm out agreement with Occidental Andina LLC across several exploration blocks. The blocks comprise Putumayo-9, Terecay, Tacacho and Mecaya, all of which are…
Subtech Group, part of James Fisher and Sons Plc, has secured multi-million-dollar subsea and offshore contract awards with a major oil and gas contractor across the Middle East. The contracts cover a range of works from installation and maintenance to demolition and decommissioning and…
BP, with its partners Shell, ConocoPhillips, and Chevron, has started production from its Clair Ridge offshore project located in the West of Shetland region. Clair Ridge is the second phase of development of the Clair field, 75 kilometres west of Shetland. The field, which…
Independent gas company DeNovo Energy has delivered first commercial supply of natural gas from the Iguana field, located offshore Trinidad and Tobago, after more than 30 years of it remaining undeveloped. On the 21st November DeNovo, a subsidiary of the Proman Group, announced the…
This report is now available on ASDReports. The hydrogen generation market is expected to grow from US$135.5 billion in 2018 to US$ 199.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period. The major factors driving…
Gibraltar insurers to lose passporting rights The UK’s decision to leave the EU creates some uncertainty for Gibraltar-domiciled insurers, AM Best has warned in a report. Gibraltar is a member of the EU by virtue of UK membership, and when this is relinquished by…
Justin Trudeau’s federal budget update has stirred some anger in Canada’s oil-rich West. While welcoming corporate tax breaks announced on the 21st November, Alberta’s Finance Minister Joe Ceci said he was disappointed that the urgent need to ease a dramatic crude-shipping glut and price…
More than 30 FPSO (Floating, Production, Storage and Offloading) projects could pass final investment decisions (FID) during 2019-2021, according to analyst Rystad Energy. Cost-cutting during the recent downturn have improved the economics of these projects in most cases, with 14 now breaking even at…
The Norwegian Petroleum Directorate (NPD) has granted Eni Norge a drilling permit for an appraisal well in the Barents Sea offshore Norway. The well 7122/7-7 S will be drilled from the West Hercules drilling rig after concluding the drilling of wildcat well 7324/3-4 for Equinor in…
