While one Iranian tanker is attracting global attention, serious oil watchers remain absorbed by a bigger mystery: the hunt for the rest of Iran’s fleet. The quest has led to ever more inventive methods of tracking ships, and divergent views on the amounts of crude secretly…
Tap Oil has signed a sale and purchase agreement (SPA) with Kensington Energy, a privately-owned Australian oil and gas investment company, to sell its residual Australian and New Zealand portfolio The transaction involves Tap selling a 20% participating interest in the BHP-operated WA-72-R, which…
Wärtsilä has supplied what it claims are the world’s largest retractable thrusters ever made for Heerema’s semi-submersible crane vessel Sleipnir. The four 5500 kW forward retractable WST-65RU thrusters feature a combination of retractable and underwater mountable functionality. The thrusters installed at the aft of…
Natural gas prices in Europe are set to fall further below their lowest in a decade as suppliers show few signs of scaling back abundant deliveries. Inventories are near capacity weeks earlier than usual and are being flooded with more fuel coming both from…
Major oil companies have approved US$50 billion of projects since last year which will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on the 6th September. The analysis found that investment…
Investors backing closely held Cuadrilla Resources Ltd, which pioneered UK shale gas drilling before becoming mired in red tape, are exploring options including an outright sale of the company. Shareholders including private equity firm Riverstone Holdings LLC, which has a direct 45% holding, and…
US oil giant ExxonMobil is about to leave Norway, after more than 125 years operating in the Scandinavian country, as it has found a buyer for its assets there, Reuters reported on the 5th September, citing unnamed sources. It has been widely reported over…
Zubair oilfield has reportedly reached a production level of 500,000 barrels of crude oil per day (bpd). According to Business Korea, Kogas made the announcement on the 5th September, adding that its “second-stage goal” is 700,000 bpd. The project is being developed by…
Tag Oil Ltd, Vancouver, BC, has agreed with Tamarind Resources Pte Ltd, Kuala Lumpur, to extend the closing date of the deal by which it would sell substantially all of its New Zealand assets and operations. All necessary approvals, including final approval from New…
Apache Corporation has reported that its North Sea subsidiaries have awarded life-of-field contract extensions to PD&MS Group, Global E&C, and Wood Commissioning Services. The life-of-field contract extensions cover the provision of ad-hoc design, engineering, procurement, construction, and commissioning services across the Beryl and Forties…
