News

  • Cracks Emerging in US Oil Machine

    Cracks are emerging in the US oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Information Administration. Increases in the Permian Basin, the largest area, will also be the slowest…

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  • Sand Hill Awarded Three Hungary Concessions

    Sand Hill Petroleum B.V. revealed on the 24th January that its wholly owned Hungarian subsidiary, O&GD Central Kft, has been awarded three hydrocarbon concessions in Hungary.   The three exploration concessions, which total 752,900 acres, are located in the Pannonian Basin in Hungary, adjacent to…

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  • Nigeria: Total to make Ikike FID ‘in the coming months’

    French oil major Total is reportedly working on sanctioning the development of its Ikike project in Nigeria.   Reuters has reported this week that the oil company’s CEO Patrick Pouyanne said at a conference that the offshore project would be approved “in the coming months.”…

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  • Infrastrata announces placing to raise £1.5 million

    InfraStrata, the UK quoted company focused on the development of natural gas storage capacity, has announced that it has raised £1.5 million (before expenses) through a placing of 125,000,000 new ordinary shares of 0.01p each in the company at an issue price of 1.2 pence…

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  • Oil CEOs at Davos See Market Rebalancing

    The oil market is gradually returning to balance as OPEC reins in output and the US shale boom slows, according to executives gathered at Davos. Yet the risk of stalling growth in China continues to cloud the outlook.   “The supply and demand looks balanced…

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  • Lundin to resume exploration in North Sea Grieg area

    Lundin Norway has permission from the Norwegian Petroleum Safety Authority to drill two exploratory wells east of the Edvard Grieg field in the North Sea.   The semi-submersible Leiv Eiriksson is due to start the programme on wells 16/1-31 S and 16/1-31 A next month…

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  • CNOOC targets oil and gas production increase

    CNOOC Limited is targeting a steady increase in oil and gas production during 2019 and the following years.   On the 23rd January CNOOC announced its business strategy and development plan for the year 2019.   The company said that its net production for 2018…

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  • CAPP seeks Alberta energy-policy changes

    In a campaign it calls “Vote Energy,” the Canadian Association of Petroleum Producers calls for action in Alberta on market access, regulatory competitiveness, climate policy, and fiscal and economic policy.   Among its recommendations are to complete six oil-export pipelines, including three now stalled.  …

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  • NSW Approves 60MW Solar Farm for Narrabri South

    New South Wales has waved through another large-scale PV project, a 60MW concern being developed by Canadian Solar just outside of Narrabri, in the state’s north.   The NSW Department of Planning and Environment reportedly green-lighted the US$82 million Narrabri South Solar Farm late last…

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