Indonesia’s decision to offer a choice between gross split and cost recovery for new licences is a positive step, according to Wood Mackenzie. In 2017 the government announced new gross split terms to production-sharing contracts in an attempt to lessen bureaucracy and improve efficiency…
Gazprom chairman Alexey Miller has told Russian president Vladimir Putin in a working meeting that design and survey work on the 50 billion cu m/year Power of Siberia 2 natural gas pipeline is continuing as anticipated. Work on the line, which would deliver gas…
Global LNG supply has grown 2%, or four million tons, year-to-date, showing deceleration in the pace of growth, data from McKinsey Energy Insights show. US remains the largest contributor to market growth this year with around eight million tons of additional LNG, although its…
Neptune Energy has announced that it has extended its contract with CHC Helicopters covering the Dutch sector of the North Sea for a further two years. The deal will see CHC continue to conduct all helicopter flight transfers for personnel to and from Neptune’s 29…
The British government has set a goal to reach net-zero emissions by 2050 and electrification of oil and gas platforms on the UK continental shelf (UKCS) should play an important role in efforts to achieve this target. A Rystad Energy analysis shows that UK…
The District Court of The Hague has ruled in favour of Chevron in its dispute with the Republic of Ecuador, upholding a 2018 arbitral award rendered by an international tribunal administered by the Permanent Court of Arbitration. In its unanimous award, issued pursuant to…
Jan De Nul Group’s jack-up vessel Taillevent has installed the first turbine for the Taiwan Power Company’s (TPC) Changhua Phase 1 offshore wind farm project. With the first wind turbine installation completed, the project team will proceed with the commissioning process, along with the…
Uranium Energy Corporation (UEC) has applauded the US Department of Commerce (“DOC”) for negotiating an amendment to the Agreement Suspending the Antidumping Investigation on Uranium from the Russian Federation (“RSA”) which reduces America’s dependence on Russian natural uranium concentrates up to 75% from prior levels….
Abu Dhabi’s main sovereign wealth fund disclosed a 5.1% stake in Cheniere Energy Inc, the largest US exporter of liquefied natural gas. Abu Dhabi Investment Authority disclosed its holding in a filing dated the 14th September, giving it an interest in Cheniere valued at…
Italian oil and gas player Eni has made a new gas discovery in the Great Nooros Area, located in the Abu Madi West Development Lease, in the conventional waters of the Nile Delta, offshore Egypt. Eni is the operator of the Block located in…
