As 2021 draws to a close we wish you all a happy and especially healthy 2022. Many of us have struggled with the effects and after-effects of Covid-19. Therefore, we hope that in the next few months steps enabling us to cope with this disease…
The West Texas Intermediate (WTI) crude oil price will be between US$70 per barrel and US$74.99 per barrel at the end of next year. That was the most popular response in a poll asking where respondents expected the oil price to land at the…
UK oil and gas company Harbour Energy, formed through a merger between Premier Oil and Chrysaor, has completed the drilling of the Dunnottar exploration well in the UK North Sea and encountered marginal hydrocarbon accumulations, which the company plans to assess. Harbour Energy reported…
Kuwait Energy Egypt will bring the Al Jahraa-13 development well onstream in the Abu Sennan licence, seven kilometres north of the producing Al Jahraa field in Egypt’s Western Desert, partner United Oil & Gas Plc said in a release on the 29th December. The…
Offshore drillers spent much of the past year working back to where they had been at the start of 2020, according to Evercore ISI’s latest Offshore Oracle report. Several contractors emerged from restructuring and the industry retired an additional 20 floaters and 35 jack-ups,…
Talks on reviving the Iran nuclear deal that have resumed in Vienna show some progress but it’s “far too slow,” a US official said on the 28th December. “Iran has at best been dragging its feet in the talks while accelerating its nuclear escalation,”…
The governors of Erbil and Iran’s Kurdish-majority West Azerbaijan provinces met on the 28th December and signed a memorandum of understanding (MoU) to increase trade movement and strengthen ties between the two sides. The MoU consists of 14 points, which includes both sides agreeing to…
Courts in four Brazilian states have suspended a 50% hike in natural gas prices planned by state-run oil company Petrobras, likely kicking off an intense legal battle between the firm, the distributors who buy its fuel and various political authorities. In a note on…
Jan De Nul and Samsung C&T consortium has secured a contract, regarded as the biggest cable installation contract in Jan De Nul’s history, to deliver an HVDC cable and convertors package for the US$3.6 billion ADNOC-TAQA Lightning Project. The package awarded to Jan De Nul…
ExxonMobil has announced that it has agreed to work with Scepter Inc to deploy advanced satellite technology and proprietary data processing platforms to detect methane emissions at a global scale. The agreement has the potential to redefine methane detection and mitigation efforts and could…
