Oil major Shell has made a significant oil discovery at the Blacktip prospect in the deep water US Gulf of Mexico. Shell said on the 24th April that evaluation is ongoing and appraisal planning is underway to further delineate the discovery and define development…
Gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, according to analysis from Rystad Energy. New developments are on track to triple the country’s gas production from just over one bcfd in 2017 to about three bcfd…
ExxonMobil has signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas supply. Under the agreement, Zhejiang Energy is expected to receive one million metric tons per annum of LNG over 20 years. “This sales and purchase agreement…
Qatar Petroleum has issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project, which will increase Qatar’s LNG production capacity from 77 million tons per annum (mta) to 110 mta…
Chevron has awarded a five-year firm contract to Archer for the provision of platform drilling services in the UK. According to Archer, the company will under the contract continue to provide onshore rig operations, maintenance, and QHSE management, as well as offshore operations and…
Equinor and partner SOCAR plan to drill an appraisal well later this year in the Karabagh licence in the Azeri sector of the Caspian Sea, on a discovery from 2000. They will likely follow up with the Aypara exploration well in the Ashrafi, Dan…
Oil production has started through the new D06 well at the Doroud field offshore Iran, according to news service Shana. The Well Target-2 rig started drilling the 4,588-metre (15,052-foot) well last November for operator Iranian Offshore Oil Company. Source: Offshore Magazine
Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of balance,” Energy Minister Khalid Al-Falih said, after the US ended waivers for buyers of Iranian oil. The Saudis are closely monitoring…
OMV Petrom SA, Bucharest, has started up a new unit which converts LPG components into Euro 5-quality gasoline and middle distillates at its 90,400-b/d Petrobrazi refinery in the south-east region of Romania, near Ploiesti City. At a final cost of €65 million, the new…
Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation. EnAppSys published its first-quarter update for Great…
