News

  • US$5 billion Chevron Deal Wins Support from Israeli Official

    Israel’s energy minister is “confident” the country’s regulators will allow Chevron to operate the local natural gas assets of Noble Energy,, despite a campaign by environmentalists to stop that from happening.   A public hearing about oil spills elsewhere in the world involving Chevron, which agreed…

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  • Review upgrades North Sea Selene gas resource

    Prospective gas reserves have risen for the Selene prospect in the UK southern North Sea following new analysis.   Co-venturers Shell and Deltic Energy, operator of the surrounding P2437 licence, assessed reprocessed 3D seismic over the structure, applying a depth conversion technique and performing a…

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  • Petrobras to mothball Merluza platform offshore Brazil

    Petrobras says it will mothball the Merluza platform (PMLZ-1) in the shallow-water Santos basin off Brazil.   Production from the platform stopped in March 2020 after the abrupt reduction in demand for natural gas.   The company said hibernation will allow the reduction of operating…

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  • US Shale Producers at a Crossroads

    US shale producers are at a crossroads as they find themselves more efficient than ever.   They can keep drilling, and potentially dent oil prices, or use the money to pay down debt.   Producers across the Permian Basin are saving about 20% on well…

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  • Saudi Aramco to boost output regardless of huge profit drop

    The chief executive officer of Saudi Arabian oil and gas giant Saudi Aramco has stated that the company would be pressing ahead with its plan to boost output capacity regardless of massive profit drop in 2Q 2020.   According to an article by Reuters, Saudi…

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  • Oilex settles East Timor dispute

    Oilex Ltd, Perth, has executed a deed of settlement and release with East Timor national company Autoridade Nacional Do Petroleo E Minerals (ANPM) to end lengthy arbitration proceedings arising from the termination of a production sharing contract in the Timor Sea by ANPM in 2015….

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  • Cameron LNG Train 3 Begins Commercial Operation

    McDermott International Ltd has announced the beginning of commercial operation of Train 3 at Cameron LNG, which is jointly owned by Sempra LNG, Total SE, Mitsui & Company Ltd and Japan LNG Investment LLC, a company jointly owned by Mitsubishi Corporation and Nippon Yusen Kabushiki…

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