News

  • Venezuela Cannot Find Vessels to Ship Its Oil

    Exports of sanction-hit Venezuelan oil now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro.   Shipowners are avoiding transporting Venezuelan oil for fear of being sanctioned and losing insurance coverage on their vessels….

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  • Oil tanker catches fire at Equinor’s Sture terminal

    On the 13th September Norwegian oil company Equinor’s emergency response centre received reports of a fire in the engine room of the tanker Dubai Harmony.   The ship is moored at the quayside at the Sture terminal in Øygarden municipality in Hordaland, Norway.   The…

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  • Vaalco well to appraise deeper Etame zone

    Vaalco Energy Inc, Houston, has started a drilling programme in the Etame oil field offshore Gabon which will include appraisal of a reservoir below existing production.   It has spudded the Etame 9P appraisal well to test the Lower Cretaceous Dentale formation, which underlies the…

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  • Strong results from initial Karish wells offshore Israel

    Energean has issued updates on its development and exploration campaigns in the eastern Mediterranean Sea.   The main project is the Karish/Tanin gas development offshore Israel, where the drillship Stena DrillMAX recently completed drilling of two of the Karish Main wells.   In both cases,…

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  • Sterling Energy granted extension of the Odewayne PSA

    Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement (‘PSA’).   The expiry dates of the relevant exploration periods under the PSA shall now be:   Third…

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  • LNG Hub Gets First Siberian Cargo

    The liquefied natural gas terminal Lithuania built five years ago to reduce its dependence on Russian fuel is about to get its first Siberian cargo.   The cargo will arrive at the facility, symbolically named Independence, next week on board the Stena Clear Sky, according…

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  • Drilling permit for DEA Norge’s Norwegian wildcat

    The Norwegian Petroleum Directorate (NPD) has granted DEA Norge, a Norwegian unit of Wintershall Dea, a drilling permit for a wildcat well located in the Norwegian Sea.   The well 6611/1-1 will be drilled from the West Hercules drilling rig after completing the drilling of…

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  • IDC to Drill Oil Wells at Nasiriya

    The Iraqi Drilling Company (IDC) has signed a contract with the Dhi Qar Oil Company to drill 20 wells at Nasiriyah oil field.   Fayyad Hassan Nehmeh, Undersecretary for Extraction Affairs, said the new wells will increase the field’s oil production by 40,000 bpd, in…

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