News

  • PTTEP makes third discovery offshore Malaysia

    PTT Exploration and Production Public Company Ltd.(PTTEP), through its subsidiary PTTEP Sarawak Oil Ltd, has discovered oil and gas in Sirung-1, the first exploration well in Block SK405B, about 137 km off the coast of Sarawak (Bintulu), Malaysia.   The well was drilled in January…

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  • Fire at Pertamina Refinery

    Pertamina confirmed on the 29th March that an incident occurred at the Pertamina Balongan refinery which caused a fire which started at around midnight.   In a statement posted on its website at 7.30 am local time, the company noted that the Pertamina Balongan refinery…

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  • Iraq signs 4 Major Energy Deals with Total

    Iraq’s Ministry of Oil has signs an agreement of principles with the French company Total for four major energy projects in the country:   Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and…

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  • 88 Energy finds hydrocarbon zones on Alaskan North Slope

    Interpretation of logging-while-drilling data has indicated multiple hydrocarbon-bearing zones in 88 Energy Ltd’s North Slope of Alaska wildcat, Merlin-1, the first well in the Perth-based company’s Project Peregrine acreage.   The Nanushuk formation – containing the primary targets – was encountered about 600 feet low…

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  • Australia Still Addicted to Coal Despite Huge Growth in Wind and Solar

    A fascinating duality is emerging for Australia’s power sector. Easily the country’s largest source of greenhouse gas emissions, Australia has simultaneously become a global leader in renewable energy deployment and has also remained one of the worst countries in the world in terms of reliance…

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  • Predator pursuing FRSU project offshore Ireland

    Predator Oil & Gas is making a submission for public consultation concerning its proposed floating storage and regasification unit and LNG project offshore Ireland (Project Rainbow).   This is in conjunction with the company’s application for Marine Area Consent for the project Rainbow as being in…

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  • Insurance Jottings

    Marine insurers to avoid ‘black swan event’ as Ever Given refloated Marine insurers look set to avoid worst-case scenario losses from events in the Suez Canal as the Ever Given has been freed from the shoreline after nearly a week blocking the trade route.  …

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  • Abu Dhabi Seeks New Oil Benchmark

    Abu Dhabi has started trading futures contracts for Murban crude, its biggest oil grade, in a bid to create a benchmark for the energy market.   The aim is “to make sure that Murban is a globally freely traded commodity and allows everybody around the…

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