AET’s pioneer LNG dual-fuel dynamic positioning shuttle tanker Eagle Blane completed its maiden bunkering at the Port of Rotterdam on 20 April. The ship-to-ship bunkering was arranged by the Shell LNG Trading team and lasted nearly 15 hours including cooling down during which approximately…
China Oil & Gas Pipeline Network Corporation (PipeChina) has started building a new 20-million tonne/year (tpy) LNG terminal in Longkou, Shandong Province. The terminal, which includes 20 220,000-cu m storage tanks, will supply 28 billion cu m/year (bcmy) of natural gas to China’s markets….
In brokering the end to the global oil-price war last month, the Trump administration assured leaders that America’s shale patch would throttle back production. But few expected that the cuts would run this deep — and happen so quickly. Drillers are laying down rigs and…
State-owned Qatar Petroleum (QP) has entered into an agreement to acquire stakes in Total’s two exploration blocks offshore the Ivory Coast. Qatar Petroleum said on the 18th May that it bought a 45 per cent participating interest in blocks CI-705 and CI-706 from the…
Equinor, Shell, and Total have decided to invest in the Northern Lights project in Norway’s first exploitation license for CO₂ storage on the Norwegian continental shelf. Plans for development and operation have been handed over to the Ministry of Petroleum and Energy. The…
Norway’s Petroleum Safety Authority has given Wintershall Dea consent to use the West Mira mobile drilling facility for production drilling on the Vega field. The facility is operated by Seadrill and received an Acknowledgement of Compliance (AoC) from the PSA in 2019. The…
The Russian Ambassador to Iraq, Maxim Maksimov said that Russia is seeking to invest heavily in Al-Mansouriya gas field, in the Diyala governorate. Maksimov said in a press statement yesterday that “Russian companies are willing to mobilise significant funds and have submitted an investment…
Premier Oil says its UK offshore production operations have not been materially impacted so far by COVID-19. The company has implemented pre-flight screening measures and additional passenger protocols for travellers to its offshore installations, and introduced dedicated helicopter flights for workers that develop COVID-19…
A fifth of global demand for oil will disappear this quarter. All three of the major forecasting agencies now agree that the world faces its biggest-ever slump in oil consumption, after governments imposed movement restrictions on billions of people to combat the coronavirus. The scale of the demand…
April has seen a marked reversal of fortunes for shale oil drillers in the United States. The price for May deliveries of West Texas Intermediate crude briefly dropped to minus US$40.32 per barrel on 20 April,[i] before rebounding to over zero. For the…
