ExxonMobil has raised its estimate of the discovered recoverable resources across the Stabroek block offshore Guyana to more than 4 Bboe. The company is now advancing its evaluation to support a third phase of development, with consideration for two additional phases. The increase…
Global independent tank storage company Vopak said on the 20th July that it has inked an agreement with Engro Corp Ltd to buy a 29 percent stake in Pakistan’s first liquefied natural gas import facility. Vopak will invest in Elenergy Terminal Pakistan Ltd, whose…
Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth US$1.6 billion for what it claims will be the world’s largest continuous 3D offshore and onshore seismic survey. This will cover an area up to 53,000 square kilometres (20,463 square miles), as the company…
Oil and gas company Perenco has submitted its draft decommissioning programme for Tyne South and Guinevere installation in the North Sea to the UK authorities. According to Perenco’s draft decommissioning program submitted for consultation on the 20th July, Perenco plans to remove to shore the…
Oil and gas industry associations have welcomed the Trump administration’s proposals to revise portions of the Endangered Species Act so they are more clear and consistent. Officials from the US Fish & Wildlife Service and the National Oceanic and Atmospheric Administration jointly announced the…
Equinor and its partners plan to turn the Aasta Hansteen development facilities into a gas hub for other nearby finds in the Norwegian Sea, according to the Norwegian Petroleum Directorate’s latest house magazine. Aasta Hansteen is due to start production later this year via…
Lloyd’s platform affected by Iran sanctions New US sanctions are likely to prevent the use of a Lloyd’s IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country, according to a Reuters report citing chairman Bruce Carnegie-Brown on…
Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on the 19th July. The strike began on the 10th July after the Safe union…
Global FLNG capex is projected to total US$52.8 billion over the 2019-2024 period, according to Westwood Energy’s latest market forecast. As LNG exports take a foothold in the US, investment in floating liquefaction facilities in North America will play a pivotal role in global…
Twenty-one US Senate Democrats and Independent Bernie Sanders (Vt) expressed their opposition to what they said are Trump administration plans to roll back offshore blowout preventer (BOP) system and well control regulations imposed following the 2010 Macondo well’s destruction and subsequent massive crude oil spill….
