As investments in tight oil increased from 2016 to 2018 and offshore investments decreased, according to Norwegian energy intelligence group Rystad Energy. Tight oil investments almost reached the same level as offshore in 2018, Rystad added. However, in 2019 the table has turned….
Iran said missiles struck one of its tankers in the Red Sea, the latest in a series of attacks on oil infrastructure in the region that have roiled energy markets. The Islamic Republic’s tanker company initially said the attacks probably came from Saudi Arabia,…
The Aruban government has reached an agreement with Citgo Petroleum Corporation to take back control of former Valero Energy Corporation’s 235,000-b/d refinery and terminal in San Nicolas, Aruba, which Citgo Aruba Refinery NV previously intended to restart. Following the signing of a Memorandum of…
India is expected to lead with 18% capacity share in the global LNG regasification industry from new-build (planned and announced) projects between 2019 and 2023, according to GlobalData. The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals –…
Flow measurement specialist TÜV SÜD National Engineering Laboratory has opened its new £16-million (US$19.6-million) advanced multiphase facility (AMF). The AMF’s test range for operating pressures, temperatures, flowrates, and metrology is said to be broader than at any other laboratory. It can operate at…
Buildings currently consume about 40% of all the electricity used in the United States, most of them located in urban areas which are growing rapidly. Because electricity generation is the largest source of greenhouse gas emissions in the country, making urban buildings more energy…
Novatek has announced that Arcticgas, a joint venture between Novatek and Gazprom Neft, commenced commercial production at the East-Urengoyskoye+North-Esetinskoye field within the Samburgskiy licence area, with estimated annual production capacity of more than one billion cubic metres of natural gas and 0.2 million tons of…
Bahamas Petroleum Company (BPC) has made progress toward drilling an initial exploration well in The Bahamas during 2020. The company is working on finalising a long-form rig contract with Seadrill and preparing for drilling. In an update on the 10th October, BPC announced…
Nigeria is seeking to recover as much as US$62 billion from international oil companies, using a 2018 Supreme Court ruling the state says enables it to increase its share of income from production-sharing contracts. The proposal comes as President Muhammadu Buhari tries to bolster revenue after…
The technology group Wärtsilä has been recognised as having delivered one of the world’s Top Ten most influential renewable energy projects of the last 50 years. This recognition has been given by Project Management Institute (PMI), the world’s premier association of project professionals. It…
