News

  • KrisEnergy starts up Cambodia’s first offshore oil field

    KrisEnergy started producing oil from Cambodia’s first oil field in the offshore Block A concession on the 28th December 2020.   KrisEnergy said  that the Apsara field began flowing from a single development well and the flow rate will take at least 24 hours to…

    Read more
  • Gazprom Moving Forward With its LNG Projects

    The Gazprom Board of Directors has taken note of the information about the ongoing implementation of the liquefied natural gas production and supply projects.   It was highlighted that the new coronavirus pandemic has had a negative impact on the long-term outlook for the global…

    Read more
  • Russian pipelayer leaves Nord Stream 2 construction site

    The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea which could mean that the 2.6-kilometre pipeline stretch off Germany could be completed.   According to AIS data from the 28th December, the Fortuna vessel left…

    Read more
  • Santos grabs exploration permit off Australia

    Australian energy major Santos has been granted an offshore exploration licence in Australia’s Northern Carnarvon Basin.   The Exploration Permit WA-546-P was granted by National Offshore Petroleum Titles Administrator (NOPTA) last week, with the expiration date set at 20 December 2026.   Santos applied for…

    Read more
  • Eni Finds Oil in Egypt Desert

    Eni has announced a new oil discovery in the Meleiha Concession in the Western Desert of Egypt.   Achieved through the Arcadia 9 well on the Arcadia South structure, the find is located a mile south of the main Arcadia field already in production. The…

    Read more
  • Canadian Government Supports Hibernia Project

    The Premier of Newfoundland and Labrador, Andrew Furey, has announced financial support for the Hibernia Project.   Under the support package, Hibernia Management and Development Company Ltd (HMDC) will receive up to US$38 million to restart well work, perform drill rig upgrades and invest in…

    Read more
  • Insurance Jottings

    EU and UK Clinch Narrow Brexit Deal, Just Days Before Transition Period Expires Britain clinched a narrow Brexit trade deal with the European Union on the 24th December, just seven days before it exits one of the world’s biggest trading blocs in its most significant…

    Read more
  • Rystad expects 2021 to bring largest crude deficits in years

    The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to slash output in order to keep prices at somewhat profitable levels, according to Rystad Energy. Rystad Energy’s latest balances, however, show that 2021…

    Read more