Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero by 2050. By 2030 this implies annual cuts of more…
Oil Prices Up After US Drone Strike West Texas Intermediate (WTI) and Brent crude oil futures posted strong gains on the 3rd January as the oil market digested news about heightened tensions between the United States and Iran. The February WTI contract gained US$1.87…
Oil and gas company Energean and the Public Gas Corporation of Greece (DEPA) have agreed on the potential sale and purchase of natural gas from Energean’s fields offshore Israel thus paving the way for commercial operation of the EastMed pipeline. Ahead of the Intergovernmental…
Eni has re-entered Albania with a production sharing contract to explore, with a 100% equity interest, the Dumre Block onshore Albania, following a competitive bid launched in September 2019 by the Albanian National Agency for Natural Resources (AKBN). As operator through a new subsidiary,…
Mitsubishi Shipbuilding Company Ltd has announced that it has concluded a contract with Mitsui O S K Lines (MOL) to build two new LNG-fuelled ferries, the first such project in Japan. According to the statement, these vessels will be built at the Shimonoseki Shipyard…
Pars Oil and Gas Co. (POGC) has started gas production from Platform 14B of the South Pars field in the Persian Gulf. The gas is piped to onshore refining facilities for processing. According to Mohammad Mehdi Tavasolipour of POGC, speaking to news service…
For several years now, Rigzone has prepared a year-end review of dominant themes in the downstream oil and gas industry during the preceding 12 months. This tradition continues for 2019, but with a twist. As always, the downstream recap will rely on insights Rigzone…
In a statement on the 3rd January, GMS said it had won a seven-month contract – firm period plus options to extend – for a K-Class (Small) vessel. Under this contract, GMS will provide support for offshore activities on behalf of a Middle East…
Iraq’s Ministry of Oil has invited bids to build the Iraq-Jordan oil pipeline. The first phase will be built on the Iraqi side, stretching 700 km from Rumaila to Haditha. This will have a capacity of 2.25 million barrels per day (bpd). This…
Natural gas production from Leviathan field in the Eastern Mediterranean has begun, Noble Energy Inc, Houston, reported on the 31st December. Leviathan natural gas exports to neighbouring countries is expected to begin in the coming weeks, partner Delek Drilling reported. “First gas is…
