Turkish and Iraqi officials have reportedly announced plans for a feasibility study in advance of opening a new border crossing point 12 kilometres west of Habur (on the Turkish side of the Turkey – Kurdistan border) The new crossing would be named Ovaköy. …
ExxonMobil plans to support the proposed Permian Highway Pipeline (PHP) Project, signing a letter of intent for subsidiary XTO Energy to contract for as much as 450,000 dekatherms/day of capacity on the pipeline. The US$2-billion PHP Project will provide an outlet for increased gas…
Horizon Petroleum Ltd, Calgary, has signed a farm-in agreement on Lachowice natural gas field in the Bielsko-Biala concession in southern Poland, a concession the company is in the process of acquiring. The farmee, a private European entity, agreed to fund 100% of the capital…
Contingent resources from OMV’s recent Iris Hades gas/condensate discovery in the Norwegian Sea have risen substantially following recent evaluation. Partner Faroe Petroleum now estimates reserves in the 63-322 MMboe range and based on preliminary fluid analysis condensate makes up around 25% of the resource,…
An additional £5 million US($6.45 million) has been made available by the Scottish Government to the country’s supply chain to help maximize the economic benefit to Scotland from decommissioning of North Sea infrastructure. The Minister for Energy, Connectivity, and the Islands, Paul Wheelhouse, announced on the…
The maiden shipment of liquefied natural gas from the Yamal LNG export facility’s second train is ready to leave the Sabetta, Russia, facility, Total reported on the 9th August. “Following the successful start-up of Yamal LNG in December last year, the first shipment from…
Apache Corporation will enter into a joint venture with investment firm Kayne Anderson Acquisition Corp. (KAAC) to form Altus Midstream Company, a pipeline company worth US$3.5 billion, the company announced on the 8th August. Apache, which has its headquarters in Houston, will contribute its…
President Trump’s decision to pull out of the nuclear deal and sign the executive order to reimpose sanctions on Iran has had a significant impact on the global oil markets. This move poses a severe threat to the economies of major oil exporting countries…
It is still nearly three months until US sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade. The nation’s outflow has fallen, and Iran is having to rely more on…
India will launch a second bid round under its discovered small field policy on the 9th August, offering 26 contract areas in which about 60 discoveries have been made. The Directorate General of Hydrocarbons originally estimated the launch date would be in June. …
