PGS reports that the deadline for the submission of the licensing round applications for the Lebanon Second Offshore Licensing Round, initially set to 31 January 2020 and later postponed to 30 April 2020, has been extended to 1 June 2020, due to the coronavirus pandemic….
Qatar Petroleum’s North Field Expansion project will continue “full steam ahead,” said Saad Sherida Al-Kaabi, minister of state for energy affairs and president and chief executive officer of Qatar Petroleum, during a webinar organized by the US-Qatar Business Council as noted on the company website…
Companies held by Thai Gulf Energy Development Public Company Ltd have received government licences to import as much as 1.7 million tonnes/year (tpy) of LNG. Thailand’s Energy Regulatory Commission (ERC) granted Hin Kong Power Holding Company Ltd (HKH) an LNG shipper licence for 1.4…
A Florida State University researcher has used new detection methods to identify 85 previously unknown submarine landslides which occurred in the Gulf of Mexico between 2008 and 2015, leading to questions about the stability of oil and gas facilities, such as pipelines, which have been…
The Australian Government has awarded Subsea Energy Australia A$1.4 million in grant funding which will be used to help small and medium enterprises (SME) become more internationally competitive, the Government of Western Australia (WA) reported on the 20th May. The funding will allow SEA,…
The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard, energy intelligence firm Rystad Energy has said. Despite the recent relative oil price recovery, dozens of US…
A Ministry of Electricity proposal to privatise the Kurdistan Region’s fragile electricity sector has been approved, according to ministry officials. Mohammed Ahmed told Rudaw on the 20th May that the decision was approved in a Council of Ministers meeting last week. “The government and…
Empyrean Energy has announced the results of its seismic inversion project, designed to assess the reservoir quality and reservoir rock composition at its Jade and Topaz prospects in Block 29/11 in the Pearl River Mouth Basin, offshore China. Highlights Reservoir rocks at Jade…
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie. The analysis is based on announcements and tracking well plans of 11 top spending NOC explorers, including three Chinese NOCs, PTTEP, Petronas,…
Thanks to declining commercial and industrial natural gas demand driven by lockdowns to curb COVID-19’s spread, Rystad Energy predicted on the 18th May that global gas demand will drop nearly two percent this year. “2020 will be the first year since 2009 where there…
