On a sprawling construction site in Western Siberia, about 20,000 workers are busy building what will be one of the world’s five biggest petrochemical plants, part of a play by Russia to capture more of the value from the oil it produces. Russian energy…
Russian gas giant Novatek is set to create its own shipping company – an arctic shipping company. In a statement on the 18th May, the company said it was creating a transportation subsidiary named Maritime Arctic Transport. Novatek, which operates giant gas fields…
Offshore oil and gas explorer Kosmos Energy has encountered problems while drilling an offshore well in Suriname and will have to start again. Kosmos on Monday said:” The Anapai-1 well drilling in Block 45 offshore Suriname encountered shallow borehole stability issues before reaching the…
Mexican oil company Pemex is on the lookout for a drilling rig which it will use to test the size of the Zama discovery made by the US operator Talos offshore Mexico in July 2017. While Pemex does not hold a stake in the…
Offshore preparatory works have started for pipelaying in the Bay of Greifswald of Germany for the Nord Stream 2 gas trunklines. According to the Nord Stream 2 AG consortium, five dredgers are presently working on the trench for the two pipeline strings. Works are based on the…
The pipeline project between Russia and Germany risks triggering US sanctions because of security concerns, a senior American diplomat said on the 17th May. US Deputy Assistant Secretary Sandra Oudkirk, an energy policy expert in the State Department, said the United States opposes the…
Norske Shell has received permission from the Norwegian Petroleum Directorate to use the semi-submersible Scarabeo 8 for an exploratory well in production licence 373 S in the North Sea. This will be the ninth well in the licence, which was awarded in January 2006…
Algeria’s state-owned Sonatrach has signed an agreement with ExxonMobil Corporation to buy subsidiary Esso Italiana SRL’s 198,000-b/d Augusta refinery in Sicily to process Algerian-produced crude oil to further help reduce Algeria’s high costs for and reliance on imported petroleum products. Alongside the Augusta refinery…
France’s Total SA has dropped plans for South Pars 11 (SP11), a gas development project to supply gas within Iran following US President Donald Trump’s announcement that the US will withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions. PetroChina was…
Other parties may assume control of the South Pars 11 gas project in the Persian Gulf if Total pulls out, according to news service Shana. Iranian Minister of Petroleum Bijan Zangeneh, speaking following signature of a heads of agreement for development of Iran’s onshore…
