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…
The National Iranian Oil Company (NIOC) has agreed a US$1.4-billion deal to develop two oilfields in Khuzestan, near the border with Iraq. The National Iranian South Oil Company (NISOC) and Iran’s MAPNA Group signed a ten-year contract within the IPC framework, to improve the…
Searcher Seismic has completed its Offshore Peru OpenSeis 2D and 3D seismic dataset. This comprises 44,389 kilometres (27,582 miles) of 2D and 15,526 square kilometres (5,995 square miles) of 3D vintage seismic data along the Peru coastline, which has undergone post-stack reprocessing using the…
Serinus Energy has announced the flow-test results of the Moftinu – 1004 well. The well flowed 6.0 million standard cubic feet per day (‘MMscf/d’) (approximately 1,000 boe/d) on test. As previously announced, the Moftinu – 1004 well was drilled to 1,000 metres. The…
