The Keystone crude oil pipeline was shut following a spill in North Dakota on the 29th October, the third along the pipeline’s route in less than three years, roiling Canadian and US oil markets. TC Energy Corporation’s 590,000 barrel-a-day pipeline which carries crude from…
The Dutch government has announced the closure of Groningen, Europe’s largest gas field, in 2022. Gas production peaked at 88 billion cubic metres (BCM) in 1976 and has declined to around 12 BCM a year under government production caps, introduced in response to a…
Malaysian FPSO supplier Yinson has secured another short term extension for the Lam Son FPSO in Vietnam. On the 31st October the company’s Vietnam JV PTSC AP entered into a fifth addendum to its interim contract with Vietnam’s PTSC to further extend the tenure…
Imagine you just moved to the surface of the Moon. There is plenty of available real estate, and you pick a nice-looking plot, away from craters and burnt-out volcanoes, for your home. You begin building on the powdery surface, first putting up walls, and…
ConocoPhillips Australia has contracted MODEC Inc to supply an FPSO for the Barossa gas field offshore Australia. In June 2018, MODEC was awarded a front-end engineering design (FEED) contract for the Barossa FPSO. It has now been selected as the turnkey contractor based upon…
Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo – which holds an 86.95% interest in Block CA1, located 100 kms off the coast of Brunei – to Shell for US$300 million. The transaction is subject to approval…
McDermott International, Inc reported on the 30th October that it has signed a memorandum of understanding (MoU) with Darwin Clean Fuels Pty Ltd. The MoU enables McDermott to conduct the feasibility study for the client’s proposed Clean Fuels Condensate Refinery, which would be built…
Following a number of delays, Danish authorities have granted a construction permit for the Nord Stream 2 offshore gas pipeline in the Baltic Sea. Nord Stream 2 AG, a subsidiary of Russia’s Gazprom and operator of the Nord Stream pipeline, said on the 30th…
According to sources, Indonesian Investment Committee Chairman Bahlil Lahadalia has issued a statement saying that the Indonesian government immediately banned nickel ore producers from selling abroad. The export ban imposed on the 29th October was earlier than the original date of the 1st January…
Today’s energy choices and their consequences Today’s energy choices will shape the future of energy, but how should we assess their impact and adequacy? This is the task the World Energy Outlook takes on. It aims to inform the thinking of decision makers as…
