It was a state secret and the source of a kingdom’s riches. It was so important that US military planners once debated how to seize it by force. For oil traders, it was a source of endless speculation. Now the market finally knows: Ghawar…
Not that long ago, California was the second most vital US oil producing state. Since peaking in 1985, however, output has plunged almost 60 percent to 460,000 barrels per day (bpd). This collapse is made even more discouraging by the fact that total US…
Maersk Drilling’s ultra-deep-water semi-submersible Mærsk Deliverer has received a three-year contract from Inpex Australia and joint venture participants for drilling at the Ichthys gas and condensate field in the Browse basin offshore Western Australia. The estimated contract value is US$300 million, including mobilisation. …
Russian oil and gas company Lukoil, the Ministry of Energy of Kazakhstan, and KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh sector of the Caspian Sea. Zhenis Operating LLP – a fifty-fifty joint…
Exxon Mobil has made a final investment decision to expand its integrated manufacturing complex in Singapore, the supermajor reported on the 2nd April. According to ExxonMobil, the multibillion-dollar expansion will enable the facility to convert fuel oil and other bottom-of-the-barrel crude products into higher-value…
The Oil and Gas Authority has released regional maps and supporting data for the Mid North Sea High area, offshore UK. These data represent the latest delivery from the OGA’s Regional Geological Mapping project which has been carried out in collaboration with Lloyd’s Register over…
The world’s publicly listed oil and gas exploration and production companies are bringing in cash at the best rate ever witnessed, even though oil prices have only partially recovered from the huge drop suffered in 2014 and 2015, according to Rystad Energy. Free cash…
Surrounded by bigger international players from neighbouring countries, Cambodia’s potential to import LNG has always been overlooked until recently. Announcements of interests by Russia and Indonesia to develop Cambodia’s LNG infrastructure in Cambodia depicts the immense opportunity for gas to power in Cambodia. …
Vestas has won its first V150-4.2 MW order in Southeast Asia for a project in Vietnam with an undisclosed foreigner investor. Featuring the V150-4.2 MW wind turbine, one of the highest producing low-wind turbines in the industry, this project delivers a very competitive cost…
Celebrus New Appointments to the Board of Directors Celebrus Risk Limited announced on the 1st April that its Shareholders resolved to appoint three new Directors to the company’s Board to join existing Directors, Nick Readings and Pat Hannam. All three have now received FCA Approval…
