Ask almost any economist and she’ll tell you the same thing: if you want to save the planet from runaway climate change, you have to make energy expensive. “Economics contains one fundamental truth about climate-change policy,” wrote Yale University economist William Nordhaus in 2008,…
SDX Energy, the North Africa focused oil and gas company, has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses. The Moulay Bouchta Ouest exploration licence (SDX 75% working interest and operator), covering an area…
Black Sea Oil & Gas (BSOG) has made the Final Investment Decision (FID) to proceed with the US$400 million Midia gas development (MDG) project located in the Black Sea offshore Romania. The FID was made by BSOG together with its co-venture partners, Petro Ventures…
Norwegian oil and gas company Aker BP has exercised the first of eight one-month options to extend the charter of the Prosafe-owned flotel Safe Scandinavia. Announcing the extension on the 7th February, Prosafe said that the total value of the option is US$4.5 million….
Venezuelan sanctions are unlikely to have a significant impact on US refiners, according to the US Energy Information Administration (EIA). In an analysis piece published on the EIA’s website on the 6th February, the organisation said the recently announced sanctions “will essentially eliminate US…
Total has made a significant gas condensate discovery at the Brulpadda prospect on Block 11B/12B offshore South Africa. Total started drilling the Brulpadda-1AX re-entry well in late December 2018, using the Deepsea Stavanger drilling rig. The results of the well were announced on the 7th…
ExxonMobil said on the 6th February that it had made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource of…
Hague and London Oil has completed its acquisition of North Sea E&P company Third Energy Offshore. Third Energy’s main interests are 45% of the Greater Pegasus Area in the UK’s southern gas basin and the Andromeda prospect in the same region. Spirit Energy…
The natural gas industry is eager to see a jump in demand now that Germany has come up with a plan to end electricity generation by burning coal. That might never happen, according to a report by one of the nation’s largest energy companies. …
President Trump used his State of the Union address to tout “a revolution in American energy” which has made the US “a net exporter” — but some of his celebration might be premature. Although the US briefly became a net petroleum exporter during one…
