UAE-based Mubadala Petroleum has completed the farmout of a 20 percent participating interest in each of the Andaman I and South Andaman Gross Split Production Sharing Contracts (PSCs), located offshore Indonesia, to Premier Oil. Mubadala signed the agreement with Premier to farm out the 20…
BP has pulled out of Iraq’s giant Kirkuk oilfield after its US$100 million exploration contract expired with no agreement on the field’s expansion, dealing a fresh blow to Iraq’s hopes to increase its oil output, three sources told Reuters. “It’s very obvious study results…
Australia’s largest mining company, BHP Group, has said that the poor air quality caused by the country’s bushfires in recent months has impacted coal production in the country. The mining giant said that smoke and dust had reduced air quality at its coal mines…
Records set by the liquified natural gas industry in 2019 are indicative of a sustained growth trend, with global LNG capacity expected to increase by more than 50% – from 283 million metric tonnes per annum (MMtpa) in 2015 to 437 MMtpa in 2020, according…
STATS Group has completed a six-month campaign of pipeline isolations in Malaysia. The company performed the 12 isolations on behalf of partner Handal Energy Berhad for an unnamed operator in Malaysia. In all cases the company deployed its Remote Tecno Plugs (RTPs), providing…
Volkswagen has given an insight into the future of electric vehicles at the Guangzhou Auto Show 2020 is a key year for electric mobility, especially in the Chinese market. While the Chinese government is changing the incentive system for e-cars, Volkswagen Group is accelerating…
Saipem reported Monday that it has signed a licence agreement to test a new technology for the disposal and reuse of plastics. “Plastic recycling is an objective of great interest to Saipem, although further studies and technologies are required,” Mauro Piasere, chief operating officer…
The Abu Dhabi National Oil Company (ADNOC) has signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilisation and storage (CCUS) and additional strategic opportunities in research and development across the oil and gas value…
The Maritime Administration (MARAD) of the United States Department of Transportation has issued two new advisories to commercial shipping. These new advisories cancel the earlier advisories issued in 2019. MSCI Advisory 2020-001 alerts the commercial shipping of the threat from Iran and its Proxies…
Egdon Resources reports that the Planning Inspectorate has upheld its appeal and granted planning consent for the development of the Wressle oil field in North Lincolnshire licences PEDL180 and PEDL182. The Inspector also allowed the application for an award of costs against North Lincolnshire…
