News

  • Second Tortue Phase 2 well goes onstream offshore Gabon

    BW Energy has started oil production from the second well in its Tortue Phase 2 field development in the Dussafu Marin permit offshore Gabon.   The first well, DTM-5H, came online last week. According to partner Panoro Energy, overall field production continues to stabilise, with…

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  • Operations winding down at two North Sea FPSOs

    Premier Oil expects to lift the final cargo of crude from the Huntington field in the UK central North Sea next month.   Recently the company submitted a draft decommissioning program for the removal of the leased circular-shaped FPSO Voyageur Spirit to Britain’s Secretary of…

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  • Oil Crashes 31 Percent After Price War Erupts

    Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia which is likely to have sweeping political and economic consequences.   Brent futures suffered the second-largest decline on record in the opening…

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  • OPEC+ Going to War with US Shale

    OPEC+ is going to war with US shale. That is according to Sandhill Strategy co-founder Katie Bays, who expressed the view in a television interview with Bloomberg on the 8th March.   The move is something the group has “avoided doing since they cut production…

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  • Hague and London Oil announces update on ONE-Dyas transaction

    Hague and London Oil, the energy company with a portfolio of production, development, appraisal, exploration and infrastructure assets primarily focused on the Southern North Sea, has announced that it has recently received approval from the Ministry of Economic Affairs and Climate Policy for transfer of…

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  • ConocoPhillips Divests Niobara and Permian Assets

    ConocoPhillips has completed two transactions to sell its Niobara and Waddell Ranch assets, the company reported on the 5th March.   It did not identify the buyers of the US Lower 48 assets.   Located in the southern Denver-Julesberg Basin, the Niobara assets boasted full-year…

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