Test phase successfully completed: Volkswagen has been testing the newly developed R33 BlueDiesel fuel at its in-house filling station in Wolfsburg since January 2018. The innovative fuel enables CO2 savings of at least 20 percent compared with conventional diesel thanks to the use of…
London-listed Ophir Energy has completed drill stem testing (DST) of the Paus Biru-1 exploration well in the Sampang PSC offshore Indonesia. The Sampang PSC is operated by Ophir Energy’s subsidiary Santos Sampang Pty Ltd with a 45% interest. The partners are Singapore Petroleum Sampang…
Tlou Energy, the ASX, AIM and BSE listed company focused on developing gas-to-power projects in southern Africa using coal bed methane (‘CBM’) natural gas from its field in Botswana, has provided an update on drilling operations at the Lesedi CBM Project. Key Points: Top-hole…
Canadian heavy crude strengthened the most since June after the Alberta government mandated production cuts across the province. Western Canadian Select’s discount to US benchmark West Texas Intermediate narrowed US$6 to US$23 a barrel as of 3:51 pm New York time, data compiled by…
The Polish and Danish gas transport operators Gaz-System and Energinet have committed to invest in the Baltic Pipe development. The project involves laying a pipeline spur from Norway across the southern North Sea to Denmark, and a further pipeline from eastern Denmark through the…
First oil cargo was offloaded from the BW Offshore-owned FPSO BW Adolo located offshore Gabon on Sunday, the 2nd December. A total of 550,000 bbls of oil were transferred from the FPSO to a tanker which will transport the crude oil to a refinery,…
Qatar is set to leave the Organisation of Petroleum Exporting Countries, having joined the cartel back in 1961. The gas-rich country’s oil and gas company Qatar Petroleum announced the decision on the 3rd December. “Qatar announces it was withdrawing from the Organisation of…
Iraq’s Ministry of Oil has announced interim oil exports for November of 101,156,808 barrels, giving an average for the month of 3.372 million barrels per day (bpd), a decrease from the 3.478 bpd exported in October. These exports from the oilfields in central and southern…
Oil is on track for its worst month in a decade on growing fears over a global supply glut which has been exacerbated by American waivers to Iranian crude buyers. Futures in New York are set to drop about 21 percent in November, falling…
A/S Norske Shell has completed the sale of its interests in the Draugen and Gjøa fields offshore Norway to OKEA for NOK4.52 billion (US$526 million). These comprised a 44.56% operated stake in Draugen and 12% (non-operated) in Gjøa, collectively comprising 14% of A/S Norske…
