China is still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation. Official customs data on the 26th July showed China imported 855,638 tons in June, the equivalent of about 209,000 barrels…
Qatari North Oil Company (NOC) has extended drilling contracts for a Japanese drilling rig duo at the giant Al Shaheen offshore oil field in Qatar. Japan Drilling Company said on the 26th July that the 2008-built Hakuryu-10 and 2015-built Hakuryu-12 jack-up drilling rigs would…
YPF SA has reached a preliminary agreement with Excelerate Energy LP for a carrier charter to export LNG produced from Exmar’s Tango FLNG unit in Bahía Blanca, Argentina. The final agreement is expected soon, and operations are to start at the beginning of September….
Suncor Energy has sanctioned the Terra Nova asset life extension project offshore eastern Canada. This is designed to extend the life of the field and its FPSO, 350 kilometres (217 miles) south-east of Newfoundland, by around a decade until 2031, and is due to…
Block Energy has announced the resumption of production at well 16aZ at its flagship West Rustavi field in Georgia. Production resumed on the 11th July and since testing began the well has produced at an average rate of approximately 360 boepd (295 bopd plus…
Following the agreement to buy gas from Woodside in Australia on the 24th July, Worsley Alumina JV has also reached a deal to buy gas sourced from Chevron’s offshore Australia fields. Chevron said on the 25th July that it had signed a gas agreement…
Andrea Leadsom has been appointed Secretary of State for Business, Energy and Industrial Strategy. In a video posted on the Department for Business, Energy and Industrial Strategy’s (DBEIS) twitter page, Ms Leadsom said it was a “great honour” to be appointed. She replaces Greg…
Tullow Oil expects to drill at least two exploration wells next year offshore South America. One will be on the Marina prospect in the Karoon Energy-operated Z-38 licence in the Tumbes basin, 30 kilometres (18.6 miles) offshore northern Peru, in 350 metres (1,148 feet)…
South Korea’s Ministry of Trade, Industry and Energy (MOTIE) announced last week that it will develop a 2.1 GW floating solar power plant which, upon completion, will be 14-times larger than the world’s current largest floating project. The new mammoth floating solar PV plant…
Hibiscus Petroleum has announced that its wholly-owned subsidiary, SEA Hibiscus has safely and successfully drilled and completed the SJ-105A well on the 16th July, the first of three infill wells being drilled as part of the St Joseph infill drilling project in Malaysia, under the…
