Jersey Oil & Gas will lead a joint integrated studies agreement involving various operators in the Greater Buchan Area of the UK central North Sea. This involves technical and commercial evaluation studies for a collaborative development of the wider Greater Buchan Area, where proven…
The state of Victoria said on the 17th March that it would lift a ban on onshore conventional gas drilling from 2021 as it looks to boost local gas supply, in a controversial move which came earlier than expected. ‘The decision follows three years…
It is getting tougher for refiners to make money on gasoline as demand plunges, signalling more dark days ahead for oil markets. The US benchmark crude tumbled to a four-year low on the 16th March while gasoline futures in New York plummeted 23% to…
Chinese oil and gas company CNOOC Limited has made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized oil field in Laibei lower uplift. The Kenli 6-1 structure is located in Laibei lower uplift in the southern…
Touchstone Exploration Inc, Calgary, plans to drill two more wells in the Ortoire block onshore Trinidad and Tobago following testing of the Cascadura-1 exploration well. The side-track, Cascadura-1ST1, was drilled to a total depth of 6,350 feet. Cased hole wireline logs and drilling samples indicated 1,037 feet…
Air Products, the world’s leader in liquefied natural gas technology and equipment, has signed an agreement to provide its proprietary LNG technology, equipment and related process licence and advisory services to the Mozambique LNG Project. Air Products’ world-leading LNG manufacturing facility in Port Manatee, Florida will manufacture two LNG heat…
Hague and London Oil (HALO) has received approval from the Ministry of Economic Affairs and Climate Policy concerning the transfer of ownership in the D12b licence in the Dutch North Sea. This is subject to a proposed transaction with ONE-Dyas for certain assets in…
Longboat Energy, established by the former management team of Faroe Petroleum to build a significant North Sea-focused E&P business, has provided an update to the market following recent world and oil market events. Strategy Since Longboat was admitted to AIM on 28 November 2019, the…
Virus Causes New Offshore UK Travel Policy The UK oil and gas industry has agreed a new travel policy for offshore installations following the outbreak of the coronavirus, industry body Oil & Gas UK (OGUK) has revealed. According to the new policy, personnel will…
In light of the current market volatility, the UK oil and gas company, Premier Oil, is looking into its ability to reduce the capex programme for 2020 with the possibility to save at least US$100 million. In an update on the 13th March, Premier…
