On the 30th November OPEC agreed to extend oil output cuts until the end of 2018 as it tries to finish clearing a global glut of crude while signalling it could exit the deal earlier if the market overheats. Non-OPEC Russia, which this year…
Confidence in the oil sector is increasing, according a new industry survey by Aberdeen & Grampian Chamber of Commerce (AGCC). The AGCC’s Oil & Gas Survey, released on the 30th November, revealed that 60 percent of the 95 firms questioned believed the sector had…
Denmark passed a law on the 30th November which could allow it to ban Russia’s Nord Stream 2 gas pipeline from going through its waters on grounds of security or foreign policy. The measure amends Denmark’s regulatory framework to allow the authorities to cite security or…
The world’s first converted FLNG unit, and soon to be Africa’s first FLNG unit producing LNG from an offshore gas field, has reached its final location in Cameroon after a long journey from Singapore. On the 30th November Golar informed that the FLNG Hilli was on site…
Israel’s government has closed the country’s first offshore licensing round. The Ministry of Energy received bids from Athens-based Energean, which is currently developing the offshore Karish and Tanin gas fields and from a consortium of Indian companies comprising ONGC Videsh, Bharat PetroResources, Indian Oil Corporation,…
With installation costs plummeting, American schools are switching to solar energy at a rapid pace, reducing their electricity bills and freeing up resources to invest in education. There are now 5,489 K-12 schools in the United States which use solar power, nearly double the total…
London-listed oil firm Premier Oil has reportedly hired one of Apexindo’s jack-up drilling rigs on a three-month term deal. According to the maritime and offshore analytics company VesselsValue, Premier Oil hired the Indonesian drilling contractor’s three-year-old Tasha jack-up. The rig was hired on…
Italian oil company Eni has received an approval of Arctic exploration operations on the US Outer Continental Shelf, the first one to be awarded in more than two years. The US Bureau of Safety and Environmental Enforcement (BSEE) approved an application for permit to…
Iraq plans to build a crude oil export pipeline from Baiji to Fishkhabur on the Turkish border which will carry crude from Kirkuk field for export from the Turkish port of Ceyhan. Iraq’s Oil Ministry instructed interested companies and government agencies to prepare the…
A consortium of investors plans to develop Uzbekistan’s “25 Years of Independence” gas field in the Surkhandarya region in the southern part of the country. The first of two stages will begin 2017-18 with the drilling of a confirmation well and developing a feasibility…
