Eni SpA reported on the 20th December that it has signed a production sharing contract to explore the onshore Dumre Block in Albania, marking the company’s return to the country on Europe’s Balkan Peninsula after a two-decade absence. The contract, which Eni signed with…
Japanese JX Nippon Oil & Gas Exploration has started commercial oil production from the Layang field located offshore Malaysia. JX Nippon said last week that its subsidiary, JX Nippon Oil & Gas Exploration (Malaysia), and its partner Petronas Carigali started production from the Layang…
According to Reuters, by the end of 2019 Gunvor will have delivered 45% more LNG than it did in 2018, maintaining a hold on its ‘largest independent LNG trader’ status. The 45% increase accounts for a rise in supply from the company from 11…
Beach Energy Ltd. has reached agreement with OMV GSB Ltd to acquire a 30% participating interest in exploration permit PEP50119 in the Great South basin offshore New Zealand. Under the agreement, Beach will acquire a 30% participating interest in the permit in exchange for…
Schlumberger has announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined criteria, Schlumberger will define its reduction target by 2021….
Article by Nick Snow Banning hydraulic fracturing in the US would eliminate 19 million jobs between 2021 and 2025 while reducing Gross Domestic Product by US$7.1 trillion between 2021 and 2025, a study by the US Chamber of Commerce’s Global Energy Institute (GEI) concluded…
PTTEP has set an investment budget of US$24.61 billion from 2020 to 2024. The investment budget will comprise US$14.23 billion in capital expenditure (CAPEX) and US$10.38 billion in operating expenditure (OPEX), PTTEP revealed. In 2020 alone, the company set a CAPEX budget of…
Tullow Oil has become a party to the Dussafu licence joint operating agreement in Gabon. Dussafu is operated by BW Energy. As previously reported, in March 2019 Tullow exercised its 10% back-in right to the Dussafu production sharing contract (“PSC”). The exercise of…
GE Hitachi Nuclear Energy (GEH) announced on the 18th December that it has completed its work supporting the decommissioning of the Oskarshamn Nuclear Power Plant (OKG) in Oskarshamn Municipality in Sweden. GEH recently completed the segmentation of reactor internals at OKG Unit 1. The…
Independent Oil and Gas, the development and production company focused on becoming a substantial UK gas producer, has provided an update on management’s analysis of the results of the Harvey appraisal well 48/24b-6 in the UK Southern North Sea. Highlights: Post-well mapping indicates…
