Eni SpA became the latest oil company to cut its long-term price assumptions, saying the coronavirus pandemic would have a lasting impact on the industry. Eni now sees benchmark Brent crude at US$60 a barrel in 2023 real terms, down from a previous estimate…
Woodside is preparing to drill an exploration well offshore Australia and its environment plan for the Gemtree-A well is now under assessment with the Australian regulator. Woodside submitted its plan to drill a single exploration well, named Gemtree-A, within Permit Area WA-49-L in late…
Tethys Oil has announced that the Government of the Sultanate of Oman and Tethys Oil have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 58 onshore Oman. The block is located in the southern part of the Sultanate adjacent to Tethys…
At the Rencontres Économiques d’Aix-en-Provence, an economic forum attended by many organisations from around the world, 11 international groups have announced they have joined forces to form an international coalition open to new members. AWS, Carrefour Group, CMA CGM Group, Cluster Maritime Français, Crédit…
Norway’s recent tax-relief proposals could double post-tax cash flow for the country’s oil and gas sector in 2020 and 2021, according to GlobalData. The analyst’s ‘COVID-19 Case Study: Upstream Tax Relief in Norway’ report says this year’s commodity price collapse forced E&P companies to…
The Danish Energy Agency has approved the use of pipelaying vessels with anchors for the construction of the Nord Stream 2 pipelines. On 5 June 2020, Nord Stream 2 AG submitted a request to use pipelayers with anchors for the construction. Previously, the…
BW Offshore has revealed that its FPSO Sendje Berge was attacked by pirates offshore Nigeria on the 2nd July at approximately 4:20 am local time. Nine Nigerian nationals were kidnapped during the attack, the company outlined. None of those remaining onboard the FPSO suffered…
Neptune Energy and its partners have announced the discovery of hydrocarbons at the Dugong well (PL 882) in the Norwegian sector of the North Sea. Upon entering the reservoir, logs and cuttings have identified hydrocarbons and a decision has been made to initiate coring….
Steel pipes have a hollow cross section and are widely used as pipelines for transporting fluids, such as pipelines for transporting oil, natural gas, coal gas, water, and certain solid materials. Compared with solid steel such as round steel, steel pipe is lighter in…
Far from depressing the market, the response to the COVID-19 outbreak looks set to accelerate the take-up of electric vehicles across Europe. The combined market share of EVs and plug-in hybrids jumped 6.8 percent in the first quarter of the year, faster than the…
