A leaked dossier on the possible ramifications of a no-deal Brexit on the UK economy published by The Sunday Times on the 18th August includes the possibility that two of the country’s six remaining refineries could close. The leaked documents, part of the Government’s…
Coro Energy has issued an update on drilling plans for the Duyung production-sharing contract in the West Natuna basin offshore Indonesia, in which the company has a 15% interest. The campaign will comprise one exploration well (Tambak-1), designed to test the Tambak prospect beneath…
Rolls-Royce intends to support research into green fuels in the Lausitz region of eastern Germany together with the State of Brandenburg, Brandenburg University of Technology Cottbus and other industrial partners. This has been agreed by those involved in a letter of intent that was…
Petro Matad, the AIM quoted Mongolian oil explorer, has provided an update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia. Further to its announcement on the 14th August, the company reports that all processes for obtaining the land permits for…
Lundin Petroleum AB said its oil discovery at exploration well 16/5-8s, targeting the Goddo prospect in PL815 some 14 kilometres south of Edvard Grieg field in the Norwegian North Sea, is promising but does not appear connected to the Rolvsnes discovery reservoir. Exploration well…
Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardise crude exports. Futures in New York advanced as much as 1.7% to trade above US$55 a barrel….
Another oil spill has occurred aboard the HMDC-operated Hibernia platform in the Atlantic Ocean offshore Canada, just days after regulators gave approval for HMDC to resume production which had been shut following the July oil spill. On the 15th August the offshore regulator issued…
Petropars Operation and Management Company will commission and operate Phase 14 of the South Pars gas field in the Persian Gulf, according to news service Shana. The full scope includes pre-start-up monitoring, commissioning, start-up, operation, performance guarantee testing and early production from the phase….
Energy storage company Energy Vault has announced a US$110 million dollar investment from Japan’s SoftBank Vision Fund. This investment will set the company on the path to accelerating its development of large energy storage projects with its unique gravity-assisted technology. If you have…
BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Petróleo Nautipa. The FPSO is operating on the Etame field offshore Gabon for VAALCO Energy. The firm period has been extended from the tird quarter of 2020…
