Results from an exploration well located in the Sampang PSC offshore Indonesia operated by the London-listed Ophir Energy continue to indicate hydrocarbon bearing zones. The Sampang PSC is operated by Ophir Energy’s subsidiary Santos Sampang Pty Ltd with a 45% interest with Singapore Petroleum Company (40%)…
A unit of independent refiner HollyFrontier Corporation, Dallas, has signed a definitive agreement to buy Sonneborn US Holdings Inc and Sonneborn Cooperatief UA for US$655 million, including working capital estimated at US$72 million. Sonneborn, of Parsippany, NJ, makes specialty hydrocarbon products such as white…
Slowly but surely the energy mix is changing. Renewables, increasing efficiency, electrification of end-use demand including electric vehicles (EVs) are all driving the energy transition. Even so, we will depend on coal, oil and gas for quite some time. Demand for fossil fuels continues…
The Abu Dhabi National Oil Company (ADNOC) announced on the 12th November that it has signed a framework agreement with Saudi Aramco “to explore potential opportunities for collaboration in the natural gas and Liquefied Natural Gas (LNG) sectors”. Under the terms of the agreement,…
Norway’s Petroleum Safety Authority (PSA) has given Aker BP consent to drill an exploration well offshore Norway using the Saipem-owned Scarabeo 8 drilling rig. The exploration well 25/11-29 S is located in production licence 916 where Aker BP is the operator. The well is…
UK-based ROVOP, a provider of underwater remotely operated vehicles (ROVs), has expanded in the Middle East with a new base in the region. ROVOP said on the 11th November that two senior members of staff – operations director Doug Middleton and business development consultant…
The imposition of US secondary sanctions on Iranian exports will shortly hit Iran’s petroleum industry, according to Wood Mackenzie. Homayoun Falakshahi, a senior research analyst in the consultant’s Middle East upstream team, said: “After the implementation of the nuclear deal in January 2016, Iranian…
Curtailment of wind and solar generation reached record levels in South Australia in the latest quarter, amid record wind generation and the struggle to find gas generators which could stay on line as the price of electricity fell. The Australian Energy Market Operator, in…
Phillips 66 and Bridger Pipeline LLC will launch open seasons next week for transportation service on a pair of crude oil pipelines which could carry Rockies and Bakken production to the Texas Gulf Coast, the companies announced on the 9th November. At noon Central…
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total , Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo offshore project on the 12th November. Located 260…
