News

  • Gazprom Fulfils its Obligations for 2021 Under Transit Contract With Ukraine

    Gazprom continues to provide European consumers with reliable gas supplies via various routes, including the one traversing Ukraine.   The Company has announced that it has fulfilled its obligations under the  transit contract  with Ukraine. The volume of Russian gas transported across Ukraine since the beginning of this…

    Read more
  • US expects Permian oil output to reach record in December

    Crude production in the Permian Basin is expected to surpass a pre-pandemic high this month as a rebound in the US shale industry fuels activity in its most prolific patch.   Supplies from the Basin, which straddles West Texas and New Mexico, is projected to…

    Read more
  • Aker BP to tie back Hanz discovery to Ivar Aasen

    Aker BP and partners have sanctioned development of the Hanz oil and gas discovery in production licence (PL) 028 B in the Norwegian North Sea. The discovery will be tied into the Ivar Aasen platform about 12 km further south.   Development will include one…

    Read more
  • BP Starts Race For US$1.3 billion Teeside CCS Construction Deal

    Supermajor BP has selected two consortiums to participate in an FEED ‎competition aimed at developing one of UK’s first decarbonised industrial ‎clusters.   BP said that the winner of the FEED competition will take the Net Zero Teesside Power project and the Northern Endurance ‎Partnership’s carbon…

    Read more
  • Virginia: Regulators Approve MVP Stream-Crossing Permit

    After a series of setbacks, the Virginia State Water Control Board approved a necessary stream-crossing permit for the embattled Mountain Valley Pipeline (MVP) on the 14th December, according to the  Roanoke Times (Va).   The board voted 3-2, with two members absent, to issue a…

    Read more
  • Ecuador Calls Force Majeure on Oil Contracts

    Ecuador declared force majeure on all oil contracts, including exports and imports, as the threat of soil erosion forced the shutdown of the country’s two pipelines that transport crude across the Andes.   The clause, which is invoked to remove liability from failing to honour…

    Read more
  • Shell spuds Namibian wildcat

    Oil major Shell has started drilling an exploration well in the Orange Basin offshore Namibia using a Valaris-owned drillship.   The Graff-1 well is located in Block 2913A in the Orange Basin where Shell is the operator and its partners are QatarEnergy and the national…

    Read more