The Australian government is negotiating with the US administration to access oil from its Strategic Petroleum Reserve. Energy Minister Angus Taylor is reported as saying it was a way to address dwindling local supply. Australia has sufficient crude oil and gasoline to last 28…
Tap Oil has issued results of the latest development wells on the Manora oil field in the G1/48 concession in the Gulf of Thailand, operated by Mubadala Petroleum. The programme, which started on the 9th July, involved batch drilling of the upper-hole sections of…
Canadian Solar Inc, one of the world’s largest solar power companies, has announced its 100.1 MWp Cafayate solar power project in Argentina started commercial operation on the 19th July. It is now the largest operational solar power plant in the country. Located in…
A handful of industry insiders have speculated that the Permian may be on its way out, noting that well productivity in the region is declining. That is what Rystad Energy highlighted in a company statement posted on its website on the 2nd August. …
Svenska Petroleum has reached an agreement with CNOOC to farm out its operated Sinapa and Esperança Licences located offshore Guinea-Bissau. FAR Limited, a partner in these licences, has approved the request for transfer of interest from Svenska to CNOOC and the JV is preparing…
Wind turbines and solar panels have become increasingly common because of the benefits of renewable energies while the adverse effects of non-renewable resources have thus far prompted energy companies to develop cleaner alternatives. The constant use of non-renewable resources has led to climate change….
The governments of Kuwait and Iraq have signed a contract for a technical study of oil fields straddling the countries’ shared border, the official Kuwait News Agency reported. They commissioned ERC Equipoise Ltd, London, to assess development and investment strategies, KUNA said. The…
Churchill Drilling Tools says its DAV MX CircSub has improved a North Sea operator’s wellhead base jetting operations. Having completed a drilling programme, the client had to remove cuttings debris from its wellhead base prior to wellhead installation. However, local sea currents were…
Saipem’s Sonsub division launched its “Hydrone-R” underwater intervention drone on the 1st July to begin endurance and qualification tests, Saipem reported on the 2nd August. Through its Hydrone Programme, Saipem aims to use subsea robotics to change dramatically how underwater inspections and interventions are…
The Diamond Offshore-owned Ocean Monarch drilling rig has spudded Cooper Energy’s Annie-1 gas exploration well located offshore Australia. The well is located in VIC/P44 where Cooper is the operator with a 50% interest and Mitsui E&P Australia is its partner with a 50% interest….
