News

  • Banks Will No Longer Finance Fossil Fuels

    The Neutrino Energy Group is the world’s pre-eminent developer of neutrino energy technology. With CEO Holger Thorsten Schubart at the helm, this partnership of American and German organisations seeks to solve today’s fossil fuel crisis with the power of neutrinos.   Banks Will No Longer…

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  • Alberta’s Oil Limits Seem to be Working

    Alberta’s oil production curbs finally appear to be draining inventories, at least for now.   Crude supplies in Western Canada fell by 2.75 million barrels last month to the lowest since November 2017, Genscape Inc said on the 7th August.   The decline is welcome…

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  • Chinese Company signs US$1.4 billion Iraq Construction Deal

    A Chinese company has reportedly signed a US$1.39-billion construction contract in Iraq.   According to Xinhua, China Construction Third Engineering Bureau will implement civil engineering projects and infrastructure in southern Iraq, including low-cost housing, education, medical centres, and facilities projects in governorates of Najaf, Karbala…

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  • IOG Spuds Harvey Appraisal Well in North Sea

    Independent Oil and Gas Plc (IOG) spudded the Harvey appraisal well in the North Sea, the company announced on the 7th August.   The UK producer used the Maersk Resilient jack-up to drill the well, which is located in the UK Southern North Sea Blocks…

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  • ADNOC to Buy 10 Percent Stake in VTTI

    The Abu Dhabi National Oil Company (ADNOC) revealed on the 7th August that it will acquire a ten percent equity stake in global storage terminal owner and operator VTTI BV.   Following the transaction, VTTI will be owned ten percent by ADNOC, 45 percent by…

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  • Europa Oil & Gas converts Inishkea into frontier exploration licence

    The Irish Government has approved Europa Oil & Gas’ application to convert Licensing Option 16/20 in the Slyne basin offshore Ireland to Frontier Exploration Licence 4/19 (FEL 4/19).   The 100 percent-owned licence includes Europa’s flagship Inishkea prospect which lies north-west of, and abuts, the…

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