There is a lot of remaining oil and gas on the Norwegian Continental Shelf (NCS), which still provides significant opportunities in both mature and less explored areas. That is the view of the Norwegian Petroleum Directorate (NPD), which recently published its 2018 Resource Report…
NAM’s new three-well L13-FI gas platform development is onstream in the Dutch North Sea, according to Hague and London Oil (HALO). It should attain full production soon, ahead of the previous target (fourth quarter 2018) and under budget. Source: Offshore Magazine
Thick sea ice is impeding Arctic shipments of liquefied natural gas from Russia’s newly-built export plant in Yamal, Russia’s state-run nuclear-powered tanker company Rosatomflot said. Unseasonably severe ice conditions are also clogging routes to Asia through the Northern Sea Route (NSR), leading to the…
Latin America focused upstream oil and gas company, Echo Energy Plc, announced on the 21st June that a “significant light oil column” has been interpreted in the EMS-1001 well onshore Argentina. The well, located in the Fraccíon C licence operated by Compañía General de…
Italian oil company Eni is leaving the upstream sector in Croatia with the sale of Eni Croatia BV to MOL Group’s Croatian INA. Through Eni Croatia BV, Eni participated in the joint project of gas production in Croatia’s offshore areas Northern Adriatic and Marica. The…
Savannah Petroleum, the West African focused British independent oil and gas company, has announced that the third well in its current Niger drilling campaign, Kunama-1, was spudded on the 21st June. Kunama-1 is located on the R3 portion of the R3/R4 PSC Area in…
ExxonMobil and its partners have achieved an eighth deep-water oil discovery in the Stabroek block offshore Guyana. The Longtail-1 exploration well, spudded by the drillship Stena Carron late last month in 6,365 feet (1,940 metres) of water in the south-eastern part of the block,…
IHS Markit expects US natural gas production to rise almost 8 bcfd – more than 10% – this year and by another 60% over the next 20 years, according to a recent report, The Shale Gale Turns 10: A Powerful Wind at America’s Back. IHS…
Global energy trader Vitol kicked off the planned A$5 billion (US$3.7 billion) float of its Australian refinery and fuel supply network Viva Energy on the 20th June, in what would be the country’s biggest initial public offering in four years. The sale of the…
Royal Dutch Shell announced the sale on the 20th June of oil and gas assets in Norway and Malaysia for over US$1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end. The Anglo-Dutch company agreed to sell to OKEA,…
