The Oil and Gas Authority (OGA) has outlined its priorities for the UK continental shelf (UKCS) between 2019 and 2024. The latest Corporate Plan details a five-year work programme comprising seven priority themes, 18 priority activities, and seven key performance indicators (KPIs). Today…
Russia’s giant Soviet-era oil pipeline is a vital piece of Europe’s energy infrastructure, carrying crude to refineries across the region. During the week of the 21st April it was hit by probably the biggest crisis in its 55-year history: both branches of the Druzhba pipeline…
Canada’s government is toughening standards for offshore conservation in ways which can preclude oil and gas activity in some areas. A spokesperson at the Canadian Association of Petroleum Producers said the move offers needed clarity and will not greatly affect exploration and production off…
The Society of Petroleum Engineers (SPE) Aberdeen Section has awarded its biggest ever total of bursaries – £29, 500 – to the winning students in its 2019 student bursaries programme. This year over 90 students applied for a share of the bursary pot with…
General Mills has taken one of the biggest steps thus far towards its climate goal by signing a virtual 15-year power purchase agreement with Roaring Fork Wind, LLC, a joint venture partnership between RES (Renewable Energy Systems) and Steelhead Americas, for 200 megawatts (MW) of…
Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey in partnership with Equinor, has provided an operations update concerning its Basin Centred Gas Accumulation (‘BCGA’) appraisal programme. Highlights Devepinar-1 drilled to…
Occidental Petroleum has delivered a letter to the Board of Directors of Anadarko Petroleum setting forth the terms of a superior proposal by Occidental to acquire Anadarko for US$76.00 per share, in which Anadarko shareholders would receive US$38.00 in cash and 0.6094 shares of Occidental…
Venezuela’s crude oil production, excluding condensate, fell from an average of 1.1 million barrels per day (bpd) in February to an average of 840,000 bpd in March, according to estimates in the US Energy Information Administration’s (EIA) April Short-Term Energy Outlook. In a statement…
The US’ decision not to extend sanctions waivers for eight countries importing crude oil from Iran could remove around 1.1 MMb/d from global production, according to Rystad Energy. The analyst now expects Iran’s oil output to fall to 2.27 MMb/d from July onwards. Most…
Russia’s Novatek has entered into agreements with two Chinese companies under which they will acquire participating interest in Novatek’s Arctic LNG 2 project. Arctic LNG 2 project is a major liquefied natural gas development led by Novatek on the Gydan Peninsula in Russia. The…
