CNPC and the Ministry of Land and Resources, Guangdong Province have agreed to co-operate on a pilot site for exploration and exploitation of gas hydrates in the Shenhu area of the South China Sea. Their goals are to speed up the industrial development of…
Offshore oil and gas operators in the Gulf of Mexico continue to evacuate platforms and rigs in response to Tropical Storm Harvey, according to the Bureau of Safety and Environmental Enforcement. Based on data from offshore operator reports submitted as of 11:30 CDT on…
Harvey’s Insured Losses Hurt Insurers’ Stocks But Could Help Reinsurers’ Prices Hurricane Harvey’s whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of US property and casualty insurers on the 28th August as Wall Street analysts estimated insured losses…
Premier Oil plans to start a two-well infill drilling programme next month at block 12W offshore Vietnam, to sustain production from the Chim Sáo and Dua fields. Successful interventions lifted output to an average of 15,500 boe/d during the first half of this year….
The semi-submersible Leiv Eiriksson has completed drilling Lundin Norway’s two latest appraisal wells on the Alta field in the Barents Sea. According to the Norwegian Petroleum Directorate (NPD), both were drilled in 402 metres (1,319 feet) of water, around two kilometres (1.2 miles) south…
Statoil ASA and YPF SA have agreed to jointly explore for oil and gas in the Neuquen basin onshore Argentina. Statoil will enter the 157 square kilometre Bajo del Toro exploration permit as a partner with 50% participating interest, with operator YPF retaining 50%…
i3 Energy says that all site survey and pipeline route sampling operations have been completed at its Liberator field offshore north-east Scotland. The MV Poseidon conducted site surveys across two areas identified as development drilling centres for future production operations. This involved compiling…
Premier Oil has lifted its full year production target as the sail-away date of the Catcher FPSO approaches. During the first half of the year, Premier had a record production of 82.1 kboepd, up 34.5 per cent on the first half of 2016. …
Russia held its spot as China’s top crude oil supplier for a fifth month in a row in July, with shipments up 54 percent over a year earlier, data showed on the 23rd August. Russian shipments last month came in at 4.97 million tonnes,…
Iraq is considering changing its price benchmark for Basra crude oil sales to Asia. From January, the State Oil Marketing Organisation (SOMO) proposes to price relative to Dubai Mercantile Exchange (DME) Oman futures, rather than the average of Platts’ Oman-Dubai quotes. According to…
