Wood Mackenzie has identified at least US$11 billion of gas projects which could go forward in the Australasia region in 2021, with LNG backfill as the focus. They include Santos’ Barossa and Woodside’s Scarborough projects offshore Northern and Western Australia. One of the…
No-Deal Brexit Grows More Likely as UK-EU Trade Talks Remain Deadlocked Britain is likely to complete its journey out of the European Union in three weeks without a trade deal, British Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen said on…
UK oil and gas company Premier Oil has filed its draft decommissioning programs for the Hunter & Rita subsea pipelines to the UK authorities. The document contains four decommissioning programmes for the Hunter and Rita fields’ subsea pipelines and installations. The Hunter field…
Petronas Suriname E&P BV (PSEPBV) has made its first hydrocarbon discovery in Suriname, Petronas reported on the 11th December. Located in Block 52 offshore the South American country, the PSEPBV-operated Sloanea-1 exploration well in Block 52 encountered several hydrocarbon-bearing sandstone zones with good reservoir…
Rolls-Royce is launching a new MTU Series 500 for power generation. With a power range of 250 to 550 kilowatts and peak efficiencies of up to 42.6 percent, the gas gensets offer a climate-friendly and economical solution for the industrial and utility sector in…
Bahamas Petroleum Company (BPC) has commented on an application by environmental groups to block its forthcoming exploration well in Bahamian waters. The opposing parties are seeking permission from the Supreme Court of The Bahamas to apply for a judicial review of the government’s decision…
Rosneft has completed a farm-out of a 49% interest in KrasGeoNac LLC to Equinor for US$550 million including a cash consideration of US$325 million at the 1st January 2019, effective date and customary adjustments. KrasGeoNaC holds 12 conventional onshore exploration and production licences in…
Aladdin Middle East and its 50-50 Basur-Resan licence partner UK Oil & Gas PLC (UKOG) have applied to Turkish authorities for three further exploration licences in south-east Turkey. The application area covers four 150 sq km blocks to the south and south-east of the…
Oil and gas exploration firm Neptune Energy has announced a feasibility study for a large-scale offshore carbon capture and storage (CCS) project in the Dutch North Sea. Neptune Energy said on the 10th December that the CCS project could potentially and safely store 120-150…
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition – unless exploration speeds up significantly and capital expenditure of at least US$3…
