Asia is expected to witness the highest global LNG regasification capacity additions, contributing about 69% of the total regasification capacity additions by 2024, says GlobalData, a data and analytics company. The company’s report, ‘Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2020…
Twinza Oil Ltd, Perth, has begun negotiations with the government of Papua New Guinea on a gas agreement for development of Pasca A gas-condensate field in the Gulf of Papua. The discussions centre on fiscal terms. Roppe Uyassi, Twinza’s PNG country manager said…
Petrobras completed offshore well 7 GLF 49H ESS in early July in half the historical time and for half the cost using the True One Trip Ultra Slender (TOTUS) concept. Pioneering use of TOTUS resulted in a 44-day well completion time compared with the…
MOL revealed on the 14th July that it has discovered “significant” gas and condensate reserves in Pakistan. The Mamikhel South-1 exploratory well, which is located in Pakistan’s TAL Block, achieved a flow rate of 6,516 barrels of oil equivalent per day during testing, according to…
Mubadala Petroleum has increased the production capacity on the Manora oil field in the Gulf of Thailand following the completion of the 2020 development drilling and workover programme. The Manora field is located in the G1/48 concession in the Gulf of Thailand, operated by…
Weatherford International has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq. Basim Khudair, General Director for…
Ørsted and Van Oord have installed all 94 array cables connecting the turbines of the Borssele 1 & 2 offshore wind farm in the Dutch North Sea. The installation started, ahead of schedule, in February 2020. Van Oord’s cable-laying vessel Nexus installed the…
The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global Covid-19 pandemic is pushing it over the edge and into “terminal decline”. Although global coal consumption…
Beach Energy Ltd, Adelaide, and Bridgeport Energy Ltd, Sydney, have been awarded two new exploration permits in the inshore sector of Otway basin of south-west Victoria. The Victorian Minister for Resources, Jaclyn Symes, said the permits are in State waters near Portland and Port…
Dutch exploration and production operator Tulip Oil has reduced its gas production from the Q10-A gas field located in the Dutch sector of the North Sea due to low gas prices. The Q10-A field started producing gas in February 2019. The development required the…
