Europe is expected to be the fastest-growing market for liquefied natural gas this year and will absorb the fuel despite Russia supplying record-high volumes by pipelines. The region is seen getting 20 million to 30 million tons more LNG this year, about double the…
Saudi Aramco has let two contracts to McDermott International Inc. for engineering, procurement, construction, and installation services for Marjan oil field offshore Saudi Arabia. Aramco is expanding production capacity of Marjan field, now 500,000 b/d, by 300,000 b/d. One contract – valued at…
Kenya’s National Oil Company (NOCK) plans to sell a stake in its Block 14T in Kajiado County to aid it in paying for its back-in rights in two blocks which are ready to begin production and start drilling. NOCK has undertaken some basic works…
Somalian offshore blocks, soon to be offered to interested oil companies as part of its first offshore licensing round, could hold billions of barrels of oil equivalent, however, maritime dispute with Kenya and other political risks could hamper its efforts towards fulfilling its offshore oil…
Bijan Zangeneh, Iran’s Minister of Petroleum, flew to China earlier last week to discuss cooperation between the two countries. According to news service Shana, one of his priorities was to firm up the status of the South Pars Phase 11 gas/condensate development in the…
Global demand for gas will grow by around ten percent towards 2030. That is what Equinor expects, according to a statement posted on its website on the 21st February, which revealed that the company sees “strong market opportunities for gas”. In an energy…
The countries along the Adriatic region are experiencing one of the most intense and thrilling moments in the history of hydrocarbon exploration in this area. Croatia has finally launched its third onshore license round and together with Montenegro, Albania and Greece are leading an…
The Australian Energy Market Operator has been fretting about the increase in the penetration of rooftop solar for some time now, and perhaps most of all in Western Australia, one of the world’s biggest “stand alone” grids, where the solar uptake is accelerating rapidly. …
Saudi Aramco has signed a US$10-billion agreement to form a joint venture with China North Industries Group Corporation (Norinco) and Panjin Sincen to develop a fully integrated, grassroots refining and petrochemical complex in Panjin, in China’s Liaoning province. Under the agreement – the largest…
One of Ophir Energy Plc’s earliest investors and an influential London banker, Ian Hannam, is adding to pressure the exploration company is facing over a takeover plan. Mr Hannam wrote to the company’s interim Chief Executive Officer Alan Booth and the board saying they…
