The Pentagon added four more Chinese companies to a list of firms it says are owned or controlled by China’s military, exposing them to increased scrutiny and potential sanctions by the US. The four companies added to the list posted online by the Pentagon on the…
The 2nd December marks a year since the start of first-ever pipeline supplies of Russian gas to China – via the Power of Siberia gas trunkline from the Chayandinskoye field. At present, Gazprom keeps ramping up its gas exports to China via Power of…
The narrative that has been unfolding in the offshore drilling industry since the price crash of oil in 2014 is rapidly approaching a climax. To an already toxic mix – composed of stubbornly low crude prices, a chronic oversupply of drilling rigs, unsustainable capital…
Australian Industrial Energy Pty Ltd (AIE) has signed a memorandum of understanding with energy infrastructure group Jemena to connect AIE’s proposed A$250 million Port Kembla LNG reception terminal south of Sydney with the main Eastern Gas Pipeline (EGP) running up the coast into New South…
New Re/Insurer ‘Vantage Risk’ Launches, Led by Former Arch, AXA XL Executives A new re/insurance group, called Vantage Group Holdings Ltd, has launched with US$1 billion of equity capital, provided by private equity firms The Carlyle Group and Hellman & Friedman (H&F) as well as…
Chevron Corporation announced on the 3rd December a US$14 billion capital and exploratory budget for 2021 The company also revealed that it has lowered its longer-term annual capital guidance for 2022 through 2025 to a range of US$14 billion to US$16 billion. Previously, guidance for…
Oil major ConocoPhillips and its partners in the Tor Unit have started production from the Tor II project, which is located offshore Norway. The Tor II project is a redevelopment of the Tor field, which was on production from 1978 through 2015. It…
Genel Energy has announced that, following first oil production last week, first liftings have taken place from the Sarta field (Genel 30% working interest). According to a statement from the company, the Sarta-3 well is producing at an initial rate of over 5,000 bopd,…
Rosneft Oil Company will test core samples from an Arctic survey which included drilling shallow stratigraphic wells in the north Kara Sea (the Kara Sea is part of the Arctic Ocean north of Siberia. It is separated from the Barents Sea to the west by…
Canadus Power Systems and Merlin Solar (San Jose, CA) have announced the combining of two proven technologies to create a new method of maintaining batteries in the best possible condition. This design includes Merlin solar panel technology to provide supplemental battery charging with a…
