ExxonMobil is looking to sell its 50% stake in the Gippsland basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world. The assets, which ExxonMobil subsidiary Esso Australia owns in a…
BP as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development has awarded construction contracts for the Azeri Central East (ACE) project in the Caspian Sea. The consortium consisting of BOS Shelf LLC and Star Gulf FZCO has won a US$260-million contract for the fabrication…
Vestas has received a 34 MW order for the Haramsfjellet wind project on the island of Haramsøya in western Norway. Vestas has developed a solution to fit the site’s wind conditions that includes eight V136-4.2 MW turbines and a long-term service contract to optimise…
Europa Oil & Gas has been awarded the Inezgane Offshore Permit covering an area of 11,228 square kilometres in the Agadir Basin, offshore Morocco. A formal letter of award from the Office National des Hydrocarbures et des Mines (‘ONHYM’) is expected shortly and, following…
Eni reported on the 17th September that the Baltim South West gas field offshore Egypt has begun production in record time. Located 7.5 miles (12 kilometres) off the Mediterranean cost in the Baltim South development lease, the shallow-water field was discovered in June 2016…
The value of natural gas lost to flaring across the globe reached US$16.4 billion in 2018, as flared natural gas volumes rose compared with 2017, according to a recent report by Brainnwave. The data intelligence firm – which collects the flaring data using night-time…
Gas looks the best bet of the fossil fuels through the energy transition. Coal demand has already peaked while oil has a decade or so of slowing growth before electric vehicles start to make real inroads in transportation. Gas, blessed with lower carbon…
NIOC subsidiary Pars Oil and Gas Company has finalised a US$440-million deal with Petropars for development of the Belal gas field in the Persian Gulf, 90 km (56 miles) south-west of Lavan Island. This is a buy-back contract, with the project being designed to…
Reabold Resources, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, has announced that, following the highly encouraging results of the Iecea Mica-1 (‘IM-1’) appraisal well, onshore Romania, as announced on 9 September 2019, it has entered into…
The loss of 5.7 million b/d of Saudi crude oil production to airborne incursion on the 14th September has shoved the oil market into panicky adjustment and raised worry about retaliation in an always-tense region. In a statement, Saudi Aramco attributed the disruption to…
