Hurricane Energy Plc has completed a prolonged individual flow test of 205/21a-6 in the early production system (EPS) on Lancaster field in the West of Shetland area offshore UK at the end of January, then reverted to producing both wells 205/21a-6 and 205/21a-7Z at increasing…
10 Years Later: Oil Drilled Deeper; Rules Relaxed After BP Oil Spill Yet safety rules adopted in the spill’s aftermath have been eased as part of President Donald Trump’s drive to boost US oil production. And government data reviewed by the Associated Press shows the…
Liberty Specialty Markets names Watkinson marine transportation head Liberty Specialty Markets (LSM) has appointed Rachel Watkinson head of its marine transportation and logistics offering while also hiring Alex Becker from MS Amlin to lead its hull account.
Oil futures collapsed to below zero for the first time ever as the deepening economic turmoil caused by the coronavirus crisis left traders desperate to avoid taking delivery of physical crude. In an unprecedented day of trading, the price for the May contracts wiped…
In this preview of what to watch in the oil market this week, panellists interviewed by Rigzone offer an outlook which will unlikely inspire optimism. If you need a respite from the bad news, however, keep reading to find out why one market-watcher anticipates increasing…
Dutch energy infrstructure company Gasunie has joined the PosHYdon pilot, a project which aims to integrate three energy systems in the Dutch North Sea: offshore wind, offshore gas, and offshore hydrogen. The PosHYdon pilot is an initiative of Nexstep, the Dutch association for decommissioning…
20 April 2020 Predicting and providing for a nation’s gas demands can be challenging in an ever-changing supply and demand landscape. However, since the world’s first FSRU (floating storage and regasification unit) came into service in 2005, offshore Louisiana in the US Gulf of…
Development drilling will start during the next 12 months on the South Pars Phase 11 project in the Persian Gulf. Iranian Minister of Petroleum Bijan Zanganeh made the announcement on news service Shana’s website. National Iranian Oil Company had sanctioned a consortium led…
Algeria’s national oil company SONATRACH has signed two Memorandums of Understanding (MoU) with the Russian company Zarubezhneft and the Turkish company Turkiye Petrolleri Anonim Ortaklioi (TPAO), it announced in a statement. The two agreements ‘will allow to initiate joint discussions on the opportunities concerning…
Saudi Arabia and Russia have signalled they may be open to further output cuts after the latest OPEC+ deal to curb global oil supplies failed to stem crude’s downward spiral. The two nations will “continue to closely monitor the oil market and are prepared…
