Fuel demand may be staging a gradual comeback in the world’s biggest economy, but that doesn’t mean the huge supply glut is going away anytime soon. Gasoline and distillate inventories fell last week, according to a report from the Energy Information Administration, reflecting a…
Renaissance Oil, established in 2014 for the sole purpose of focusing on the liberation of Mexico‘s undeveloped hydrocarbon resources, has entered into a binding letter agreement to acquire an option for a 50% working interest, in all rights from surface to basement, in a large…
Maersk Drilling has agreed to join a new carbon dioxide (CO2) storage consortium formed by INEOS Oil & Gas Denmark and Wintershall Dea. The partners are currently progressing a project concerning the development of CO2 storage capacity offshore Denmark, which involves re-using discontinued offshore…
The Victorian Parliament has passed the Petroleum Legislation Amendment Bill 2020 which enables the restart of onshore conventional gas exploration in the state. Companies may begin exploration and development work on the 1st July 2021, after a best practice regulatory framework has been put…
Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for work on the disputed Nord Stream 2 gas pipeline, Denmark’s environmental protection agency has said. The application is the latest signal that Russia aims…
Venezuela’s oil exports have collapsed since the US placed sanctions on its state producer, but some crude from the OPEC member is still making its way to buyers in Asia. Officially, China hasn’t imported any Venezuelan crude since September after Washington sanctioned state entities…
A global decommissioning services consortium has added a specialist heavy lift vessel operator to its ranks. Dutch offshore services provider OOS International has joined the consortium, alongside Lloyd’s Register and Worley, providing operators with fully managed end-to-end decommissioning, from late-life through to post-removal monitoring….
Polish Oil and Gas Company (PGNiG) has received the first supply of LNG delivered by sea at the LNG reloading station located in the sea port of Klaipeda, Lithuania. Since the beginning of April, when PGNiG became the sole user of the station, as…
Petrodec has completed skidding operations for the topsides removal of Perenco UK’s unmanned Pickerill A platform in the UK southern North Sea. Following a P&A campaign completed last year by Petrodec’s support vessel Energy Endeavour (ERDA), the same vessel was used this year for…
Polaris Infrastructure Inc (PIF) (“Polaris” or the “Company”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, has announced that it signed a Memorandum of Understanding (“MoU”) to acquire 100% of the equity of a Panama-based 10…
