The pipeline project between Russia and Germany risks triggering US sanctions because of security concerns, a senior American diplomat said on the 17th May. US Deputy Assistant Secretary Sandra Oudkirk, an energy policy expert in the State Department, said the United States opposes the…
Norske Shell has received permission from the Norwegian Petroleum Directorate to use the semi-submersible Scarabeo 8 for an exploratory well in production licence 373 S in the North Sea. This will be the ninth well in the licence, which was awarded in January 2006…
Algeria’s state-owned Sonatrach has signed an agreement with ExxonMobil Corporation to buy subsidiary Esso Italiana SRL’s 198,000-b/d Augusta refinery in Sicily to process Algerian-produced crude oil to further help reduce Algeria’s high costs for and reliance on imported petroleum products. Alongside the Augusta refinery…
France’s Total SA has dropped plans for South Pars 11 (SP11), a gas development project to supply gas within Iran following US President Donald Trump’s announcement that the US will withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions. PetroChina was…
Other parties may assume control of the South Pars 11 gas project in the Persian Gulf if Total pulls out, according to news service Shana. Iranian Minister of Petroleum Bijan Zangeneh, speaking following signature of a heads of agreement for development of Iran’s onshore…
Premier Oil said on the 16th May that it is heading for a “material” reduction of its US$2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices trade at their highest in more than three years. In a trading…
What is the cost of securing the nation’s energy from a cyber attack? Amid rising threats, including a recent attack on several US power and natural gas suppliers, energy companies are now spending less than 0.2% of their revenue on cybersecurity, at least a…
Rosatom and the Republic of Zambia signed a general contract for the construction of a Centre for Nuclear Science and Technology (CNST). The signing took place during the tenth international Atomexpo-2018 forum in Sochi. On behalf of Russia, the document was signed by Director…
The report, now available on ASDReports, recognises the following companies as the key players in the global offshore decommissioning market: AF Gruppen, Aker Solutions, Heerema Marine Contractors, John Wood Group, Oceaneering International, and Ramboll Group. Commenting on the report, an analyst said: “One trend…
Wood says the next phase is under way of an initiative to improve understanding of the reliability of subsea equipment applied offshore Australia. The company is leading the Subsea Equipment Australian Reliability Joint Industry Project (SEAR JIP), which has support from operators including Chevron…
