News

  • BP gains environmental green light for Ironbark-1

    BP plans to spud Ironbark-1 off Western Australia in this year’s third quarter following approval of its environmental plan by the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).   The well, in permit WA-359-P, will be drilled 170 km off Karratha in…

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  • G20 Commits US$ billions to Energy

    G20 countries have committed at least US$267.1 billion to support different energy types through new or amended policies since the beginning of the pandemic, as of the 15th July, according to energypolicytracker.org.   These commitments include US$120.56 billion for unconditional fossil fuels, through 129 policies,…

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  • Trident Energy wraps up buy of ten offshore fields from Petrobras

    Trident Energy has completed the acquisition of the Pampo and Enchova clusters offshore Brazil from the state-owned oil company Petrobras.   Trident said on the 16th July that the ten concessions in question were initially developed by Petrobras in the 1980s.   Namely, the Enchova,…

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  • Massive Moorabool Wind Farm Connected to the Victorian Grid

    The first turbine of the massive 312MW Moorabool wind farm in central-western Victoria is now connected to the state grid and generating electricity, the project’s developer Goldwind Australia said on the 16th July.   Goldwind Australia managing director John Titchen said the start of the…

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  • North Sea Balmoral production drawing to a close

    Premier Oil plans to shut down production permanently from the Balmoral Area of the UK central North Sea in October, the company revealed in its latest results statement.   Earlier this year the company closed down its Huntington field in the same area, and is…

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  • Premier Oil announces trading and operations update

    Premier Oil has provided an update on recent operational activities and guidance in respect of its half year financial results to 30 June 2020.   Production averaged 67.3 kboepd to the end of June; 2020 guidance of 65-70 kboepd (before any contribution from the proposed…

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  • Heavier Middle East Crudes Getting Pricier

    Middle East producers are banking on robust demand from Asia for its more sulphurous and dense crude, boosting prices for the dirtier oil even as OPEC+ considers loosening cuts that would increase supply.   Iraq and the UAE — two of the biggest OPEC producers…

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  • Liebreich: Energy Efficiency Key To Covid-19 Recovery

    We are living through one of the most extraordinary years in recent history, a year none of us will ever forget. Much has been written about the parallels with 1918, the year of the Spanish Flu, but I want to start by taking you back…

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