Saudi Aramco rose the most in ten months in Riyadh trading after the government allowed it to cut dividends and redirect the cash into new investments to fulfil the crown prince’s economic plans. It would relieve some of the pressure on the world’s biggest…
After several delays, Singapore’s oil and gas company KrisEnergy has completed a farm-out agreement for its entire working interest in Block 115/09 located offshore Vietnam. KrisEnergy entered into the initial farm-out agreement with an unnamed “major international oil and gas company” for the transfer…
India has set ambitious targets for renewable power, with plans to quintuple its current wind and solar energy capacity by 2030. The country’s transition away from fossil fuels will have a significant impact on global climate efforts, since it is the world’s third-largest greenhouse…
Russian vessel Akademik Cherskiy is transiting to Danish waters to start preparatory work before commencing laying pipes for the gas pipeline Nord Stream 2, the consortium said on the 30th March. It will join another Russian vessel, Fortuna, which is laying pipes in Danish…
PTT Exploration and Production Public Company Ltd.(PTTEP), through its subsidiary PTTEP Sarawak Oil Ltd, has discovered oil and gas in Sirung-1, the first exploration well in Block SK405B, about 137 km off the coast of Sarawak (Bintulu), Malaysia. The well was drilled in January…
Pertamina confirmed on the 29th March that an incident occurred at the Pertamina Balongan refinery which caused a fire which started at around midnight. In a statement posted on its website at 7.30 am local time, the company noted that the Pertamina Balongan refinery…
Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy, the Norwegian energy intelligence firm. Even when the Covid-19 downturn is finally past us, operators will have to…
Iraq’s Ministry of Oil has signs an agreement of principles with the French company Total for four major energy projects in the country: Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and…
Interpretation of logging-while-drilling data has indicated multiple hydrocarbon-bearing zones in 88 Energy Ltd’s North Slope of Alaska wildcat, Merlin-1, the first well in the Perth-based company’s Project Peregrine acreage. The Nanushuk formation – containing the primary targets – was encountered about 600 feet low…
US Secretary of State Antony Blinken has said in an interview broadcast that it is ultimately up to those building the Nord Stream 2 natural gas pipeline whether to complete it despite opposition from Washington. On the 24th March, Mr Blinken said he had…
