News

  • Dow picks Alberta for proposed net-zero emissions ethylene complex

    Dow Inc plans to more than triple ethylene and polyethylene production capacity in a phased manner through 2030 at subsidiary Dow Chemical Canada ULC’s (Dow Canada) petrochemicals manufacturing site just north of Fort Saskatchewan, Alberta, with a project which, if approved, includes construction of what…

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  • Sudan Running Low on Fuel Oil and Wheat Due to Port Blockade

    A three-week blockade of Sudan’s main port by tribal protesters is causing shortages of wheat and fuel oil for power generation, endangering the country’s already faulty electricity supply, a cabinet minister said on the 9th October.   Tensions between Sudan’s military and civilian leaders have been running…

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  • BW Energy leads consortium awarded two blocks offshore Gabon

    BW Energy has provisionally secured operatorship of two blocks under Gabon’s 12th Offshore Licensing Round.   The award remains subject to finalisation of the production sharing contract (PSC) with the Direction Générale des Hydrocarbures (DGH).   Blocks G12-13 and H12-13, covering a respective area of…

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  • COSLPromoter to Drill for Statfjord Subsea Fields

    Equinor has awarded COSL Offshore Management AS a contract to drill four wells on Statfjord Øst with the COSLPromoter rig from the spring of 2023. In addition, the rig has options for drilling five wells for Statfjord satellites afterwards.   The contract value is calculated…

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  • Neptune Works With Sheltersuit UK

    Neptune Energy has revealed that it is working with Sheltersuit UK to help hundreds of homeless people across the UK stay warm this winter.   The company has funded the supply of 300 shelterbags and 50 sheltersuits to support the homeless in London and Aberdeen….

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  • Upstream investors need further incentives, consultant claims

    Wood Mackenzie estimates that the global upstream industry could net a windfall of over US$1 trillion if oil prices remain above the US$50/bbl planning price.   According to research director Kavita Jadhav, there are various ways the industry could invest the extra revenue. These include…

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