Oil production has started through the new D06 well at the Doroud field offshore Iran, according to news service Shana. The Well Target-2 rig started drilling the 4,588-metre (15,052-foot) well last November for operator Iranian Offshore Oil Company. Source: Offshore Magazine
Saudi Arabia will coordinate with other crude producers to ensure that adequate supplies are available and the market “does not go out of balance,” Energy Minister Khalid Al-Falih said, after the US ended waivers for buyers of Iranian oil. The Saudis are closely monitoring…
OMV Petrom SA, Bucharest, has started up a new unit which converts LPG components into Euro 5-quality gasoline and middle distillates at its 90,400-b/d Petrobrazi refinery in the south-east region of Romania, near Ploiesti City. At a final cost of €65 million, the new…
Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation. EnAppSys published its first-quarter update for Great…
Chrysaor E&P Ltd has agreed to purchase the United Kingdom oil and gas business of ConocoPhillips for US$2.675 billion, increasing Chrysaor’s pro forma 2018 production to 177,000 boe/d to become one of the largest oil and gas producers in the UK North Sea. The…
Vattenfall has selected Seaway 7 as one of its partners for the Hollandse Kust Zuid (HKZ) 1 & 2 wind farm offshore the Netherlands. Seaway 7’s envisaged scope of work includes the transport and installation of 76 monopile foundations and the laying of the…
The US is ending waivers which let countries buy Iranian crude without running afoul of sanctions, threatening to squeeze oil supplies in an already tight market. The decision may also jeopardise the deal which OPEC and allied suppliers including Russia reached to limit output…
Natural gas giant Qatar Petroleum has issued an ‘invitation to tender’ for the reservation of ship construction capacity required for the LNG carrier fleet for its North Field Expansion (NFE) Project offshore Qatar. The project will increase Qatar’s LNG production capacity from 77 million…
GAC New Energy Automobile Company Ltd, China’s fast growing electric car manufacturer, has unveiled the Aion LX, its new flagship model in the Aion range. The electric vehicle (EV) has a range of over 600 kilometres (373 miles) under New European Driving Cycle (NEDC)…
Mari Petroleum Company Limited (MPCL), along with its joint-venture partner Pakistan Petroleum Limited (PPL), has found oil reserves at Dharian-l ST-3 well located near Gujar Khan, Rawalpindi district in Punjab. According to a bourse filing on the 19th April, the well was drilled in…
