News

  • BP to close Kwinana oil refinery

    BP will cease production from its Kwinana oil refinery south of Perth and convert the facility into a fuel import terminal.   Oversupply in Asia and sustained low refining margins have made the refinery uneconomical, and – after exploring numerous options – conversion to a…

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  • Who Controls the Permian?

    There’s been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin’s destiny for many years, but who controls the region now?   Well, according to a new Wood Mackenzie (Woodmac) editorial from the company’s Americas upstream oil and…

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  • Equinor in two oil discoveries offshore Canada

    The worst-kept secret in Newfoundland and Labrador’s oil industry has been confirmed: an exploration drilling campaign this summer in the Flemish Pass Basin has resulted in new discoveries.   The results will likely raise hopes about the future of the Bay du Nord project, which…

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  • Impact Africa granted operatorship approval offshore South Africa

    Impact Africa Ltd has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa, on a 100% operated basis.   ExxonMobil Exploration and Production South Africa Ltd  and Equinor…

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  • Neptune finds more oil at Bue offshore mid-Norway

    The semi-submersible West Phoenix is concluding a current wildcat well for Neptune Energy on the Fenja field in the Norwegian Sea.   According to the Norwegian Petroleum Directorate (NPD), well 6406/12-G-1 H, drilled in 322 m (1,056 ft) of water in licence PL586, is an…

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