Total has announced that the Fort Hills oil sands project located in Alberta, 90 kilometres north of Fort McMurray, has achieved first oil. Production will ramp up over the next months to reach a plateau of 180,000 bpd. The project is operated by Suncor…
Last year the Nord Stream pipeline system in the Baltic Sea delivered 51 bcm of gas to consumers in the European Union. The system operated at 93% of its annual 55-bcm design capacity of 55 bcm – the highest since the twin pipeline system…
Energean Oil & Gas has contracted Stena Drilling to work on the deepwater Karish gas field project offshore Israel. The contractor will deploy the Stena Forth drillship (or an alternative rig, subject to agreement by all parties) to drill at least three development wells…
Alesco bolsters energy practice with key hires Alesco Risk Management Services, a specialist insurance and risk management broker, has expanded its energy division with the appointment of two new partners. Alison Schwab joins Alesco from Wortham Insurance in Houston where she held the position…
The revolution in US shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oil sands. Now Canada is looking to its own shale fields to repair the economic damage. …
Africa’s top oil producer plans to make gas flaring more costly for companies which have escaped the payment of billions of dollars despite being fined, Nigerian Finance Minister Kemi Adeosun has said. In the “legal framework for the gas-flaring penalty, it was drafted as…
Statoil has made plans to drill an appraisal well on the recent Verbier oil discovery located in the outer Moray Firth on the UK Continental Shelf. Statoil is the operator of UKCS Licence P.2170 (Blocks 20/5b & 21/1d) in the Central North Sea, which contains the Verbier…
ExxonMobil Corporation is set to spend US$50 billion over the next half decade in a return to the oil giant’s spending habits before crude suffered its worst price rout in a generation. With oil prices now hovering above US$65/bbl in New York, Exxon CEO…
Spirit Energy Ltd can drill an exploration well on Block 35/9 in the North Sea, the Petroleum Safety Authority Norway has said. Spirit Energy, the operator for production licence 682, has consent to drill exploration well 35/9-14 in the Tethys prospect in 365 metres…
Mexico’s National Hydrocarbons Commission (CNH) has published a call for the second bid of Round 3, covering a collective 9,513 square kilometres with a prospective 260 MMboe. Round 3.2 covers 37 onshore conventional exploration blocks, including 21 blocks in the Burgos region in Tamaulipas,…
