Message from Standard Club: Club correspondent Cariconsult International Limited have reported that creditors of the Venezuelan state oil company, PDVSA, are seeking attachments in the former Netherlands Antilles of cargoes belonging or consigned to PDVSA on vessels arriving in Curacao waters. Accordingly this could…
Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999. The changes, which will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead, is…
South Sudan has called off talks with French oil major Total about developing two oil blocks, the petroleum ministry said on the 25th July, paving the way for other investors keen on exploring the vast area thought to be rich in hydrocarbons. Total, alongside…
Tap Oil says Perth-based consulting group Discover Geoscience has identified 32 new leads in acreage surrounding the Manora oil field in the G1/48 concession in the Gulf of Thailand. The existing field infrastructure allows for discoveries within five kilometres (3.1 miles) of the platform…
Lukoil has completed drilling of the first production well from the wellhead platform at the second-stage Yury Korchagin field development in the Russian sector of the Caspian Sea. Stage 2 extends production into the eastern part of the field. The single-bore well with…
Oilfield services provider TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Stage Two development, located offshore Western Australia in water depths ranging from 250 to 1,340 metres. TechnipFMC said on the 26th July that the contract covers the project management…
The dark storm clouds which have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to…
AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (‘UKCS’) region of the North Sea, has announced that it has been advised by Equinor, operator of the P 2170 (Blocks 20/5b & 21/1d) licence area, that…
On the 24th July, shale gas developer Cuadrilla became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for commercial production. The government said it had granted approval for so-called hydraulic…
Near-shore works have started for the TurkStream offshore gas pipeline through the Black Sea close to the Turkish town of Kiyiköy. According to the project’s operator Gazprom, the programme involves constructing seabed trenches around 2.4 kilometres (1.5 miles) long from the shoreline into the sea…
