The Trump administration has reportedly granted Iraq a further 90-day extension to the waiver exempting it from US sanctions on Iran. CNBC quoted a senior State Department official as saying on condition of anonymity: “While this waiver is intended to help Iraq mitigate energy…
BW Offshore, through its subsidiary BW Energy Gabon, has sold a ten percent interest of the Dussafu licence to the Gabon Oil Company (GOC). BW said on the 19th March that the transaction was subject to the fulfilment of certain conditions, including approval from…
Diamond Offshore’s semi-submersible Ocean GreatWhite has spudded the Blackrock prospect west of Shetland for operator Siccar Point Energy E&P. The rig is also contracted to drill the first well on the Lyon prospect north of Shetland for Siccar Point and INEOS, with the campaign…
Noble Energy has agreed to transfer its operating rights in the 367/Alon D licence offshore Israel to Ithaca Energy. This follows Noble’s recently decision to withdraw from exploration of the licence. Ithaca, which operates the Greater Stella Area hub in the UK North…
The global oil service market will not return to previous highs until 2025. That is according to energy research and business intelligence company Rystad Energy, which forecasts that global service market revenues will match the US$920 billion mark seen in 2014 in around six…
E&P company Spirit Energy has started oil production from the Oda field located in the North Sea, offshore Norway, almost five months earlier than the original plan. Oda was discovered in 2011 and the plan for development and operation (PDO) was approved in May 2017….
Equinor has approval from Norway’s Petroleum Safety Authority to use the Trestakk field pipeline and subsea production facilities in the Norwegian Sea. The field, 20 kilometres (12.4 miles) south of Åsgard in licence 091, is due to come onstream later this year through a…
Egypt will begin receiving gas from Israel under a US$15 billion deal around the middle of the year, after unexpected issues with the pipeline connecting the countries delayed the start-up by several months. Shares of the largest Israeli partner in the gas fields fell….
Ukraine has outlined terms for its second and third licensing rounds. Bidding will be done using an online auction for areas covering more than 2,260 square kilometres. Licensing rounds are being offered in stages. In other news, Ukraine said an earlier first…
Smartphones, smart-meters and smart-cars – premised on digital tools making communication, monitoring energy consumption and driving more efficient – are among us. It seems oil and gas explorers have their own nifty kit – the ‘smart’ rig! It’s been around for a while, in…
