Oil production in Brazil surpasses 1 billion bbl in 2019

Total oil production in Brazil in 2019 was 1.018 billion barrels, an increase of 7.78% compared with 2018 levels when 944.117 million barrels were produced, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels said on the 22nd January   Total natural gas production…

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Latest Norway Oil Spending Boom Probably the Last

Western Europe’s biggest oil and gas producer has just witnessed its final investment boom, according to Norway’s largest bank.   Last year’s spectacular rebound in oil spending triggered enough of an economic boost to warrant a cycle of three interest-rate hikes in 2019 alone.  …

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Neptune hands out engineering and decom services deal for Dutch North Sea assets

Neptune Energy has awarded a four-year framework agreement for EPCIC (engineering, procurement, construction, installation & commissioning) and decommissioning services for brownfield modification to Stork Worley Integrated Solutions VoF for its Dutch North Sea assets.   The services will comprise of engineering, procurement, construction, installation, commissioning,…

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APS Sets Course for 100 Percent Clean Energy Future

The 22nd January marks a historic milestone in the 134-year history of Arizona’s largest electricity provider as Arizona Public Service (NYSE: PNW) announced a goal to deliver 100 percent clean, carbon-free electricity to customers by 2050.   The company has been on a trajectory of…

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Edison spuds exploration well offshore Egypt

Edison Exploration and Production has started drilling the first exploration well in its North Thekah concession located in the Egyptian Eastern Mediterranean waters.   The well was spud on the 18th January 2020, using the Maersk Discoverer semi-submersible rig, Edison said.   The company holds…

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Kuwait to Resume Oil Output in Area Shared With Saudis

Kuwait plans to restart oil production by March at the Wafra field which it shares with Saudi Arabia, more than four years after the neighbours halted output.   Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron…

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Palestine asks to Import Fuel from Iraq

The Palestinian Authority has reportedly filed a formal request to Israel to allow the import of fuel from Iraq.   Palestinian Prime Minister, Mohammed Shtayyeh, told Israel’s Haaretz newspaper that although the request was made four months ago, Israel has yet to respond.   He…

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Russian operator lets contract for new methanol plant

Gaz Sintez LLC has let a contract to Haldor Topsoe AS to license its proprietary SynCOR methanol technology for the operator’s proposed methanol plant at the port of Vlysotsk in Russia’s Leningrad region, 875 km north-west of Moscow.   The plant, which will produce 1.6…

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