News

  • Mexican ministry to decide on Zama field unitisation

    Houston-based Talos Energy has announced that the unitisation process of the giant Zama oil field, located in Mexican waters, will enter its next phase, as established in Mexican regulation.   Discovered in 2017 by the Talos-led consortium, Zama is a shared reservoir which extends from…

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  • New Mexico to Impose Stricter Rules on Flaring

    New Mexico, home to the most prized portion of the Permian Basin shale formation, has become the latest state to impose stricter rules to combat the flaring and venting of natural gas.   The five-member New Mexico Oil Conservation Commission voted unanimously on the 25th…

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  • PGNiG reaches deal for INEOS’ offshore Norway interests

    INEOS Energy has agreed to sell its Norwegian E&P portfolio to PGNiG Upstream Norway for US$615 million.   The deal includes all interests in production, licences, fields, facilities and pipelines owned by the company on the Norwegian continental shelf.   Presently INEOS E&P Norge produces…

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  • Bass Oil plans drilling activity in south Sumatra basin

    Bass Oil, Melbourne, has identified expansion opportunities west of Indonesia’s onshore Bunian oil field in south Sumatra basin and plans to start a drilling programme later this year with one firm well and an additional two contingent wells.   As part of its first major…

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  • First ever LNG Aframax tanker fuelling in US

    On 15 March, Sovcomflot and Shell broke new ground, with the completion of the first ever Aframax tanker fuelling using LNG in the US.   Sovcomflot’s Gagarin Prospect, on long-term charter to Shell, was en-route from Corpus Christi to Europe. The vessel received 1075 m3…

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  • People in the News

    HDI Global UK enters marine cargo with RSA’s Foreman The UK arm of HDI Global SE has entered the marine cargo market with the appointment of former RSA European cargo leader Steve Foreman as its director of marine cargo underwriting.   Miller bolsters marine team…

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  • Russia Wants to Use Forest to Offset Carbon

    Much of Russia’s Far East is so vast and remote that it’s mostly been left to the bears, wolves and rare breed of tiger who live there.   Now the Kremlin wants to use it to convince the world that the country is doing its part to fight climate change….

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  • Eni and Novatek kicking off drilling ops off Montenegro

    Italy’s oil and gas company Eni and Russia’s Novatek are starting drilling operations in waters offshore Montenegro, using Vantage Drilling’s Topaz Driller jack-up rig.   As previously reported, the Topaz Driller arrived in Montenegro earlier in March 2021 ahead of its planned activities in Montenegro’s…

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