Norwegian Ministry of Petroleum and Energy has approved a revised plan for development and operation (PDO) for partial electrification of the Equinor-operated Sleipnir field centre located off Norway. Equinor, as the operator of the Sleipnir field, made an investment decision to partly electrify the…
PTTEP has confirmed its largest-ever gas discovery with the Lang Lebah-2 appraisal well on the SK410B block offshore Sarawak, Malaysia. The company discovered gas with the Lang Lebah-1RDR2 exploration well in 2019. The appraisal well was completed in mid-January 2021. It was drilled…
Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around US$900 million. The transaction covers all of Equinor’s operated and…
Texas’s energy regulator is taking an uncharacteristically critical approach toward burning off excess natural gas, a sign that growing pressure from environmentalists and investors to curb the controversial practice is paying off. On the 9th February, the Texas Railroad Commission (RRC) deferred a series…
Thailand’s PTT Exploration & Production (PTTEP) has made a gas discovery from the Lang Lebah-2 appraisal well off the coast of Sarawak, Malaysia. Malaysian oil company Petronas, PTTEP’s partner in the block where Lang Lebah-2 is located, said on the 10th February that the…
US propane exports have been increasing in recent months, mainly to East Asian countries, thanks to cold weather and strong consumption of petrochemical feedstock in that region, according to the latest data in the US Energy Information Administration’s (EIA) Petroleum Supply Monthly. Between April…
The cost to conduct repairs on an Engen refinery in Durban after an explosion in December 2020 has been estimated to be around 800 million Rand (£39.1 million). The estimation came from an oversight visit conducted by the country’s Portfolio Committee on Environment, Forestry and…
Qatar Petroleum has taken a final investment decision on the North Field East gas development project in the Persian Gulf. Wood Mackenzie research director Giles Farrer said: “At 32 MM metric tons per annum [35 MM tons], this is the largest single LNG project sanctioned…
BP and Energie Baden-Wuerttemberg AG (EnBW) of Germany have together been selected as the preferred bidder for two major leases in the UK Offshore Wind Round 4, the first such UK leasing round since 2010. This marks BP’s entry to the UK’s offshore wind power sector,…
Global mining giant BHP has signed a deal with the Merredin solar farm to supply up to half of the electricity needs at the company’s West Kwinana refinery in Western Australia. The 10-year contract – which can be extended – came into force last…
