Iraq is negotiating with the US for exemptions from the impending snap-back of sanctions against Iran, arguing that it could not cut consumption of Iranian electricity and natural gas immediately without suffering serious economic harm and social instability. An Iraqi delegation was in Washington…
Total has participated in a successful appraisal well on the Shwe Yee Htun-2 gas discovery in the A2 block offshore Myanmar. The well, drilled to a final depth of 4,820 metres (15,814 feet), intersected 40 metres (131 feet) of net gas pay. Early analysis…
Offshore rig broker Bassoe Offshore has announced that the Jasper Explorer drillship has been sold for scrap. Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for US$6.3 million earlier in September. The Jasper Explorer was built in January…
Lundin Norway has completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea. The results were better than expected. Lundin said on the 25th September that the main objectives of the appraisal well and extended production test…
China has imposed a 10% tariff on LNG imports from the US, describing the measure as a response to the latest US tariffs on US$200 billion of Chinese goods. The 10% tariff, which includes other products as well to affect US$60 billion worth of trade,…
A recruitment specialist for the oil and gas sector has warned the industry is facing a “skills shortage” amid a surge in demand. Prodrill Energy Resource Solutions (PERS) has seen recruitment demand increase by 46% between October last year and June. Managing director…
UK Continental Shelf focused oil and gas company Verus Petroleum has signed an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of Itochu Corporation. The consideration is US$400 million, with an economic date of the 1st January…
Pemex and Talos Energy, as operator of the consortium for block 7 in the Gulf of Mexico, have signed a pre-unitisation agreement (PUA). This concerns certain tracts within the Amoca-Yaxche-03 allocation (assigned to Pemex as part of Round 0) and the contiguous block 7…
Offshore driller Transocean has scored a six-well contract with Equinor for the new-build, harsh environment semisubmersible Transocean Norge. Under the contract, the rig will spend around 300 days drill in the Norwegian Continental Shelf. The contract is expected to start in July 2019, following the shipyard delivery of…
Heerema Marine Contractors and AF Gruppen are expected to sign a deal to remove the Dunlin Alpha platform topside in the UK North Sea. Heerema said on the 18th September that Fairfield Betula Limited had sent a notice announcing its intent to enter into…
