Oil and gas company Neptune Energy has produced first gas from the new L5a-D4 well in the deepest producing gas field of the Dutch North Sea. L5a-D4 is a high pressure, high temperature well located in the L5a-D field, around 100 kilometres north of…
The US has sanctioned a unit of Russia’s largest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA. The Treasury Department’s Office of Foreign Assets Control is acting against Rosneft Trading SA, the company’s Swiss-incorporated brokerage firm,…
Wood Mackenzie predicts several high-impact exploration wells across the Asia/Pacific region this year. According to Asia Pacific vice chair, Gavin Thompson, PTTEP’s Shwe Nadi well, in partnership with Total, will target deep-water gas in the Moattama basin off Myanmar. A success could help opening…
The United Arab Emirates issued an operating licence on the 17th February for the Arab world’s first nuclear power plant. The licence opens the way for the Barakah power plant to begin production later this year. The plant is still under construction and is…
Abu Dhabi National Oil Company has let two contracts to Petrofac Ltd subsidiary Petrofac Emirates LLC and a joint venture of Petrofac and Sapura Energy Bhd to provide engineering, procurement, and construction (EPC) for ADNOC’s Dalma gas development project 90 km northwest of Abu Dhabi…
CO2Meter Inc, a worldwide leader in gas detection and safety monitoring, released its new multi-sensor system which exceeds all national, state and jurisdictional safety codes. The highly anticipated CO2 Multi-Sensor System (CM-7000) will now provide restaurants, breweries, agriculture facilities and other industries with the…
Russia may have to pay a record US$50 billion arbitration ruling after a Dutch court ruled in favour of the former owners of Yukos Oil Company. The ruling by The Hague Court of Appeal on the 18th February reinstates an award issued in 2014…
Recent discoveries in the Guyana-Suriname basin have proven a wider petroleum system and may cause an upgrade in resource estimates, drawing extra attention to upcoming wells, Norwegian energy intelligence firm Rystad Energy has said. Meanwhile global oil firms are preparing to spend more than…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for a well in the Barents Sea offshore Norway. The well 7221/4-1 will be drilled from Northern Drilling’s West Bollsta semi-submersible drilling rig. The drilling programme for well 7221/4-1 relates to the…
Loading operations have finished for two new platforms for the South Pars Phase 13 development in the Persian Gulf, according to news service Shana. Both were built at the Iran Marine Industrial Company (SADRA) yard for project operator National Iranian Oil Company. NIOC…
