CNOOC Ltd has begun production from Bozhong 34-9 oil field in southern Bohai Bay. Average water depth at the site is 18.1 metres. The state-owned company said that in addition to fully utilising existing facilities of Kenli oil field, the major production facilities…
Deal value decreased 10.8% to US$387.5 billion in 2019, deal volume fell by 17.7% y-o-y Portfolio re-balances leaning towards gas-focused and downstream assets Substantial part of the decrease due to absence of big-ticket mid-stream deals Global oil and gas overall deal volume and deal…
UK oil and gas company Premier Oil has gained approval from the majority of its creditors for the schemes of arrangement required for the acquisition of North Sea assets from BP and Dana. The schemes still remain subject to a court approval. Premier Oil…
BP Plc pledged to achieve net-zero carbon emissions from its oil and gas operations and production by 2050, as its new boss sets out his vision for the future. London-based BP became the latest fossil fuel giant to set out an ambitious, yet rather…
Production from International Petroleum Corporation’s Bertam field off Peninsular Malaysia averaged 5,400 b/d in 4Q 2019, 5% higher than in the previous quarter. The increase followed a three-well infill drilling programme. The company has since identified two further infill drilling locations which it…
India’s state-owned Bharat Petroleum Corporation Ltd (BPCL) has become India’s first exporter of very low-sulphur fuel oil (VLSFO) that complies with the International Marine Organisation’s (IMO) new regulations requiring ships to use marine fuels with a sulphur content below 0.5%. BPCL shipped its first…
Increasing environmental awareness and demand from consumers for renewable energy sources, as well as their decreasing prices, have helped propel the solar industry to new heights in recent years. In the United States, California holds the largest market share of the solar panel market….
Total’s wholly owned affiliate, Total Solar International, has established its presence on the Spanish solar market through two agreements with Powertis and Solarbay Renewable Energy and to develop nearly two gigawatts (GW) of solar projects. ‘Spain benefits from a solar resource which is unparalleled…
The company is taking advantage of the dislocation in global LNG markets and securing ten years of offtake. New Fortress Energy LLC has signed a long-term supply agreement for the purchase of 27.5 million MMBtu per annum of liquefied natural gas, or about eight…
Thermoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas has been awarded what it says is its “most significant flowlines contract to date” for ten kilometres of the TCP technology for a supermajor in West Africa. Airborne said on the 11th February that this…
