Total’s UK boss believes the west of Shetland basin has a big future as the oil giant limbers up for more drilling. Jean-Luc Guiziou, managing director of Total E&P UK, said he expects the firm to drill another “two or three” exploration wells in…
PXP Energy Corporation said the force majeure has been lifted from Peru’s Block Z-38 following recent changes in that country’s hydrocarbon law. The offshore block is in the Tumbes basin. The disclosure came in a PXP statement that cited a corporate update from…
President Trump applauded European nations’ efforts to diversify their sources of energy during his address to the United Nations on the 25th September. “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation. That is why we congratulate European…
Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally. For several decades, the subsea segment has been central in developing Equinor and the NCS. Equinor is operating close to 600…
Iran’s oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until US sanctions are due to hit the country’s exports, making it harder to keep track of the nation’s sales. No signals have been received…
ADNOC LNG has signed an engineering, procurement, construction and commissioning (EPC) contract for the second phase of the Integrated Gas Development Expansion (IGD-E) project, with a consortium of Spain’s Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company. ADNOC said on the 26th September…
The US authorities have proposed to offer 78 million acres in a Gulf of Mexico lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico. The Lease Sale 252 will include approximately…
In the period to 2040, the required global oil sector investment is estimated at US$11 trillion according to the latest OPEC World Oil Outlook report, which was launched on the 23rd September in Algiers. The report outlines that total required upstream capital expenditure related…
The Glendronach discovery is big news for Total, its partners INEOS and SSE and the UK as a whole. That is according to Kevin Swann, North Sea senior research analyst at global natural resources consultancy Wood Mackenzie. “With estimated recoverable resource of one…
Solaria, Enphase Energy and Quick Mount PV Join Forces to Deliver Streamlined Solar Solaria Corporation, a global provider of next-generation, high efficiency solar modules has announced that they will make their products available in a single, unified system, assuring efficiency, performance, and aesthetics with Quick…
