International oil firms including Norway’s Statoil, US Anadarko Petroleum, China’s CNOOC and Malaysia’s Petronas have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said on the 9th May. Argentina faces growing regional competition as…
The leaders of Cyprus, Israel and Greece said on the 8th May that they are determined to push ahead with plans for a pipeline which would supply east Mediterranean gas to Europe as the continent seeks to diversify its supplies. Israeli Prime Minister Benjamin…
Statoil has received consent from the Petroleum Safety Authority (PSA) to use a replacement pipeline on the Heidrun field off Norway. The PSA said on the 10th May that the Norwegian oil and gas company would use the replacement pipeline between Heidrun and subsea…
A report on the UK oil and gas workforce dynamics, more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 posts which do not exist today. The UKCS Workforce Dynamics Review, created by global…
Crude surged past US$71 for the first time since 2014 as American stockpiles shrank and the US told crude buyers to curb purchases from Iran. Futures in New York climbed three percent the day after President Donald Trump’s said he is withdrawing from the…
Enbridge (US) Inc, an indirect subsidiary of Enbridge Inc, has agreed to sell Midcoast Operating LP and its subsidiaries to AL Midcoast Holdings LLC, an affiliate of ArcLight Capital Partners LLC, for US$1.12 billion in cash. The Midcoast businesses conduct the company’s US natural…
Vestas has received a 31 MW order for the supply and installation of nine V117-3.45 MW turbines for an undisclosed project in Italy. The project, which was won in Italy’s latest auction held in November 2016, takes Vestas’ order intake from the four Italian…
Russia has exported less crude oil to Europe this year as the quality of the fuel on offer deteriorated and tense diplomatic relations prompted it to redirect more volumes to China. Russia increased oil pipeline exports to China by almost 50 percent in January-April…
West Texas Intermediate (WTI) crude oil prices will struggle to move sustainably above US$75 per barrel this year due to strong supply growth. That is the view of oil and gas analysts at BMI Research, who expressed the sentiment when answering questions following a…
Kosmos Energy has spudded the Anapai-1 exploration well in block 45 offshore Suriname, targeting an early Cretaceous structural-stratigraphic trap. Results should follow later this month. Under the company’s alliance with BP, Kosmos has entered into petroleum contracts covering blocks 10 and 13 offshore São…
