News

  • More prospects emerge close to Brulpadda offshore South Africa

    Tower Resources has issued an update on its activities offshore South Africa.   The company is a partner in a 50:50 joint venture with New Age in the Algoa-Gamtoos licence, which adjoins Total’s concession in the Outeniqua basin.   Earlier this year Total confirmed the…

    Read more
  • Alberta okays MEG’s Surmont SAGD project

    The Alberta government has approved the development plan for MEG Energy Corp.’s Surmont oil sands project 53 miles south of Fort McMurray.   The phased project is to have ultimate production capacity of about 120,000 b/d of bitumen from steam-assisted gravity drainage.   It is…

    Read more
  • BP to Deploy Technology to Combat Emissions on Future Projects

    BP will use gas cloud imaging (GCI) as well as other instruments to detect, measure and reduce methane emissions in its future projects worldwide.   The UK-based supermajor said on the 10th September that continuous measurements will be rolled out to all the company’s major…

    Read more
  • Is Saudi Oil Policy Changing Before Our Eyes?

    Making sense of the internal politics of Saudi Arabia has never been easy because of the kingdom’s closed power structure.   But major changes have taken place at the top of the Saudi energy industry in recent days, and they will likely have an impact…

    Read more
  • Mixed results from recent North Sea exploration drilling

    Wood Mackenzie expects more than 60 exploration wells to be drilled in the North Sea in 2019, up 25% compared with 2018.   According to Glenn Morrall, an analyst with the upstream research team said: “While many of the prospects drilled will be infrastructure-led, we…

    Read more
  • Insurance Jottings

    AXA XL reinsurance structure to undergo massive revamp; Bermuda and London platforms to merge Re/insurer AXA XL is simplifying its reinsurance organisational structure, aligned around its key markets and intended to enhance the focus on its ‘payer to partner’ strategy. The changes, effective the 2nd…

    Read more