Just a few days after making history with producing Guyana’s first ever oil at its Liza offshore field, ExxonMobil has announced another oil discovery near the field. The US major said on the 23rd December that it made an oil discovery offshore Guyana at…
Shell Australia has announced a “significant” gas and condensate discovery in the Browse Basin off the North West Coast of Western Australia. The find was made through the Bratwurst-1 exploration well, which was said to be successfully concluded after a 78-day campaign. The discovery…
On the 9th December the US Treasury Department of Foreign Assets Control (OFAC) announced the designation of several entities, including the Ventspils Freeport Authority, to the Specially Designated Nationals sanctions list, as explained in our earlier web alert which is available here: /risk-management/knowledge-centre/news-and-commentary/2019/12/news-us-sanctions-freeport-authority-of-ventspils-latvia.aspx. On…
Vistra Energy has announced that it has joined the Climate Leadership Council (“CLC”) as a founding member. The CLC is an international policy institute created in collaboration with prominent business, opinion, and environmental leaders to promote a carbon dividends framework as the most cost-effective,…
Eni SpA reported on the 20th December that it has signed a production sharing contract to explore the onshore Dumre Block in Albania, marking the company’s return to the country on Europe’s Balkan Peninsula after a two-decade absence. The contract, which Eni signed with…
Japanese JX Nippon Oil & Gas Exploration has started commercial oil production from the Layang field located offshore Malaysia. JX Nippon said last week that its subsidiary, JX Nippon Oil & Gas Exploration (Malaysia), and its partner Petronas Carigali started production from the Layang…
According to Reuters, by the end of 2019 Gunvor will have delivered 45% more LNG than it did in 2018, maintaining a hold on its ‘largest independent LNG trader’ status. The 45% increase accounts for a rise in supply from the company from 11…
Beach Energy Ltd. has reached agreement with OMV GSB Ltd to acquire a 30% participating interest in exploration permit PEP50119 in the Great South basin offshore New Zealand. Under the agreement, Beach will acquire a 30% participating interest in the permit in exchange for…
Schlumberger has announced its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined criteria, Schlumberger will define its reduction target by 2021….
Article by Nick Snow Banning hydraulic fracturing in the US would eliminate 19 million jobs between 2021 and 2025 while reducing Gross Domestic Product by US$7.1 trillion between 2021 and 2025, a study by the US Chamber of Commerce’s Global Energy Institute (GEI) concluded…
