Energy splits Canadian ministers’ meeting

Political tension over energy and the environment escalated in Canada on the 19th July when officials of three provinces refused to endorse the federal government’s communique on the 2019 Energy and Mines Ministers’ Conference (EMMC).   In a press statement, the energy ministers of Alberta,…

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PSA sanctions two North Sea wildcat wells

Repsol has permission from Norway’s Petroleum Safety Authority (PSA) to drill the Kathryn prospect on licence PL 910 in the northern North Sea.   The semi-submersible Scarabeo 8 will start drilling well 9/2-12 in mid-August, six kilometres (3.7 miles) east of the Yme oilfield, which…

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Aramco IPO Bankers Question If Deal Is Worthwhile

When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action.   Three years on, they are questioning whether what could be the world’s biggest IPO is worth their time and effort.  …

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Israel receives bids for 12 offshore blocks

The country’s ministry of energy has this week shared that twelve blocks received bids out of ten which had been offered.   The international companies who took part were Cairn, Soco, and Energean, with the Israeli firm being Ratio and Israel Opportunity.   The Ministry…

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YPF lets contract for Vaca Muerta LNG project in Argentina

Argentina-based YPF SA has let a contract to McDermott International Inc for pre-frontend engineering design services for a five million-tonne/year LNG liquefaction facility – with a potential expansion to ten million tpy – at Vaca Muerta shale field in Argentina.   The scope of work…

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Project sanctioning in 2019 could soon surpass 2014

The offshore industry has turned a corner and can reach a potential project commitment total of US$123 billion in 2019, exceeding commitments in 2014 of $78 billion, according to Rystad Energy.   Overall offshore project sanctioning in 2019 has surpassed the $50 billion mark, driven…

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Petro Matad spuds Heron-1 exploration well

Petro Matad, the AIM quoted Mongolian oil explorer, has spudded the Heron-1 exploration well in the Tamsag Basin of Block XX.   The well is an appraisal of the T19-46 oil field immediately to the north in Block XIX and is being drilled with the…

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Canada LNG Facility Snags First Export Contract

The recently expanded Tilbury LNG terminal in Delta, BC, has won its first export contract, facility owner FortisBC reported on the 16th July.   FortisBC stated that it will produce LNG for Top Speed Energy Corporation to export to China under a two-year term supply…

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Oil spills from Hibernia platform offshore Canada

Approximately 12.000 litres of oil (75.48 barrels) is estimated to have been spilled this week from the Hibernia oil platform offshore Newfoundland.   The oil and gas safety body C-NLOPB said on the 18th July that it had been notified by the Hibernia Management and…

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