Essar Oil UK Group will acquire logistics assets from BP serving the 200,000-b/d Stanlow refinery near Ellesmere Port, England, which it bought from Royal Dutch Shell in July 2011. Essar will acquire an equity stake in the UKOP pipeline, a share of the contractual…
Babcock & Wilcox Enterprises, Inc(B&W) has announced that its subsidiary, Babcock & Wilcox Vølund A/S (B&W Vølund), has successfully turned over the leading-edge Amager Bakke / Copenhill waste-to-energy plant near Copenhagen to its customer, Amager Ressourcecenter (ARC). B&W previously announced it expects to turn…
The Perth-based Australian subsidiary of Royal Dutch Shell Plc has begun the approval process for a potential A$2-billion development of its Crux natural gas-condensate field in the Browse basin license AC/L9 offshore Western Australia as a tie in to the company’s Prelude floating LNG (FLNG)…
Guyana, a country which currently produces no crude, could pump more than OPEC member Venezuela in five years. While US sanctions on Venezuela threaten to accelerate an already steep slide in production, neighbouring Guyana’s output is poised to reach 750,000 barrels a day by…
Anadarko Petroleum Corporation and its partners in Area 1 offshore Mozambique have signed further LNG sales and purchase agreements with three companies. Tokyo Gas and Centrica have negotiated a co-purchasing agreement for 2.6 MM metric tons/yr (2.87 MM tons) from the start of production…
Marine seismic specialist Shearwater GeoServices has won four Ocean Bottom Seismic contracts by Aker BP and Equinor in Norway. The contracts will fill backlog for the 2019 North Sea summer season for two multi-purpose vessels, the seismic data acquisition company said. Irene Waage Basili,…
Latin American offshore plays will account for one-third of the large prospects due to be drilled globally this year, according to Wood Mackenzie. Potentially giant reservoirs off Brazil, Guyana, and Mexico will attract the highest investment. Dr Andrew Latham, vp, Global Exploration at Wood…
US oil refiners will not be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation. US Treasury Department officials have informed some companies that previously contracted cargoes will not be exempt from…
Genel Energy has announced an update on activity at the Taq Taq Field (Genel 44% working interest). Testing of the TT-32 well has now completed. The well flowed oil from three separate zones, with a maximum individual zone flow rate of c.5,500 bopd with…
Occidental Petroleum Corporation will invest US$244 million, including a participation fee, in exploration of onshore Block 3 in Abu Dhabi. Abu Dhabi National Oil Company awarded the 5,782-sq-km block as part of its competitive bidding round launched in April 2018. The block is…
