News

  • Brent Passes US$70 after Key Saudi Oil Site Attacked

    Saudi Arabia said some of the world’s most protected oil infrastructure came under missile and drone attack in an escalation of regional hostilities which sent crude prices surging.   The attacks on the 7th March were intercepted, Saudi Arabia said, and oil output appeared to…

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  • Maersk to reactivate jack-up rig for Dutch North Sea job

    Offshore drilling contractor Maersk Drilling has been awarded a one-well contract by Petrogas E&P Netherlands, which will reactivate and employ the harsh-environment jack-up rig Maersk Resolute.   The jack-up rig will perform well maintenance and drill a side-track of the A9 well at the P9…

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  • Bolivia’s YPFB to add renewable diesel plant at Santa Cruz refinery

    The government of Bolivia and state-owned Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) Corporation have unveiled plans for construction of a grassroots renewable diesel production plant at YPFB subsidiary YPFB Refinación SA’s 24,000-b/d Guillermo Elder Bell refinery in Santa Cruz de la Sierra.   Part of Bolivian…

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  • Neptune sanctions methane measurement trials on North Sea Cygnus platform

    Neptune Energy and the Environmental Defence Fund (EDF) will conduct tests on a novel technique for measuring methane emissions from offshore oil and gas facilities.   EDF will coordinate a team of researchers includes airborne emissions sensing specialist Scientific Aviation, and drone platform provider Texo…

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  • Construction of Cuxtal Gas Pipeline to Boost Yucatan Economy

    With his implementation of  a comprehensive energy programme for Yucatan, Mexican President Andres Manuel Lopez Obrador hopes to bolster the economic and social development of the state, along with the rest of south-east Mexico.   To that end the start-up of the Cuxtal 1 gas…

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  • Insurance Jottings

    UK and EU on Track to Agree on Financial Services Cooperation – but Trust Must Be Built Britain and the European Union are on course to agree a deal on regulatory cooperation in financial services this month, but the UK’s actions in Northern Ireland makes…

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  • Rockhopper granted North Falkland basin licence extensions

    Rockhopper Exploration Plc and Harbour Energy have received extensions of North Falkland basin petroleum licences from the Falkland Islands government, including the Sea Lion discovery area.   Phase 1 of Sea Lion development, which will entail exploitation of 250 million bbl of oil for an…

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  • Saudis Bet Against Return of USA Shale Glory Days

    Saudi Arabia just made a high-stakes wager that the glory days of US shale, which transformed the global energy map in the last decade, are never coming back.   By keeping a tight grip on supply at the meeting of the OPEC+ alliance of oil…

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  • Vroon delivers hybrid accommodation vessel to Shell

    Offshore support vessel provider Vroon has delivered the hybrid accommodation vessel MWV Falgout to end client Brunei Shell Petroleum.   Vroon Offshore Services Singapore secured a two-year ship management contract for the vessel at the end of 2020.   The company said that the early…

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