Public consultation has opened on potential areas for the Australia’s 2020 offshore petroleum exploration acreage release. Minister for Resources, Water and Northern Australia Keith Pitt said 49 areas have been nominated by the oil and gas industry offshore from Western Australia, Northern Territory, Victoria…
Cabot Oil & Gas Corporation expects to drill, complete and produce 60 to 70 natural gas wells in 2020, with two-thirds placed on production between mid-May and late August. In the first quarter, the company drilled 22 wells and completed 13. Details were provided…
RIMS acknowledges drawbacks in forcing insurers to retroactively cover BI The chairman of RIMS’s external affairs committee has said the society recognises the challenges which would result from retroactively forcing insurers to cover business interruption losses, despite it sounding good for insureds in theory. …
The global imbalance between oil supply and demand is set to halve to 13.6 million barrels per day (bpd) in May. That is according to a new Rystad Energy analysis, which predicted a further fall to 6.1 million bpd in June. Rystad warned, however,…
Saipem has won a gas pipeline transportation and installation contract between Denmark and Poland in the Baltic Sea. The contract, signed by its controlled subsidiary in the UK, Saipem Ltd, is worth approximately €280 million. The Baltic Pipe Project is a strategic infrastructure…
XCD Energy has announced that Conoco Phillips has confirmed, during its First Quarter Earnings Conference Call, that it encountered hydrocarbons from the one well it has drilled on its Harpoon exploration prospect, which is interpreted to be directly on trend and analogous to XCD Energy’s…
Santos’ option to farm into the WA-488-P permit offshore northern Australia has lapsed, leaving Melbana Energy to seek new partners. The permit contains the potentially giant Beehive prospect in the Bonaparte Gulf between the producing Blacktip gas field and the undeveloped Turtle and Barnett…
Load-out has started of the Platform 11B jacket for Phase 11 of the South Pars gas field development in the Persian Gulf. According to news service Shana, the 2,120-t, 80.5-metre (264-foot) tall structure will be installed in the 11B area of South Pars, 135…
Within the past week some positive developments have emerged in the oil market, according to a panel of informed market-watchers assembled by Rigzone. Although a formidable set of negatives – notably excess supply and a dearth of demand – remains all too evident, our…
The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea. IOG said on the 1st May that full contract awards are expected shortly for key Phase 1 workstreams, including…
