News

  • ExxonMobil strikes two more oil finds offshore Guyana

    ExxonMobil said on the 6th February that it had made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12.   The discoveries build on the previously announced estimated recoverable resource of…

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  • Hague joins North Sea Pegasus development partnership

    Hague and London Oil has completed its acquisition of North Sea E&P company Third Energy Offshore.   Third Energy’s main interests are 45% of the Greater Pegasus Area in the UK’s southern gas basin and the Andromeda prospect in the same region.   Spirit Energy…

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  • Germany May Never Get a Natural Gas Boom

    The natural gas industry is eager to see a jump in demand now that Germany has come up with a plan to end electricity generation by burning coal. That might never happen, according to a report by one of the nation’s largest energy companies.  …

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  • Trump Touts US as Net Energy Exporter

    President Trump used his State of the Union address to tout “a revolution in American energy” which has made the US “a net exporter” — but some of his celebration might be premature.   Although the US briefly became a net petroleum exporter during one…

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  • Essar buying UK logistics assets from BP

    Essar Oil UK Group will acquire logistics assets from BP serving the 200,000-b/d Stanlow refinery near Ellesmere Port, England, which it bought from Royal Dutch Shell in July 2011.   Essar will acquire an equity stake in the UKOP pipeline, a share of the contractual…

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  • Shell ponders Crux field connection to Prelude FLNG project

    The Perth-based Australian subsidiary of Royal Dutch Shell Plc has begun the approval process for a potential A$2-billion development of its Crux natural gas-condensate field in the Browse basin license AC/L9 offshore Western Australia as a tie in to the company’s Prelude floating LNG (FLNG)…

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  • Guyana May Soon Pump More Oil Than Venezuela

    Guyana, a country which currently produces no crude, could pump more than OPEC member Venezuela in five years.   While US sanctions on Venezuela threaten to accelerate an already steep slide in production, neighbouring Guyana’s output is poised to reach 750,000 barrels a day by…

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  • More gas groups sign for Mozambique LNG

    Anadarko Petroleum Corporation and its partners in Area 1 offshore Mozambique have signed further LNG sales and purchase agreements with three companies.   Tokyo Gas and Centrica have negotiated a co-purchasing agreement for 2.6 MM metric tons/yr (2.87 MM tons) from the start of production…

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  • Equinor, Aker BP tap Shearwater for OBS surveys offshore Norway

    Marine seismic specialist Shearwater GeoServices has won four Ocean Bottom Seismic contracts by Aker BP and Equinor in Norway. The contracts will fill backlog for the 2019 North Sea summer season for two multi-purpose vessels, the seismic data acquisition company said.   Irene Waage Basili,…

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