Latin American offshore plays will account for one-third of the large prospects due to be drilled globally this year, according to Wood Mackenzie. Potentially giant reservoirs off Brazil, Guyana, and Mexico will attract the highest investment. Dr Andrew Latham, vp, Global Exploration at Wood…
US oil refiners will not be allowed to complete shipments of Venezuelan crude they booked before the Trump administration slapped new sanctions on the Latin American nation. US Treasury Department officials have informed some companies that previously contracted cargoes will not be exempt from…
Genel Energy has announced an update on activity at the Taq Taq Field (Genel 44% working interest). Testing of the TT-32 well has now completed. The well flowed oil from three separate zones, with a maximum individual zone flow rate of c.5,500 bopd with…
Occidental Petroleum Corporation will invest US$244 million, including a participation fee, in exploration of onshore Block 3 in Abu Dhabi. Abu Dhabi National Oil Company awarded the 5,782-sq-km block as part of its competitive bidding round launched in April 2018. The block is…
The co-founder of Australia’s Tritium, a global leader in the electric vehicle fast-charging market, has warned that energy utilities could be caught out if they fail to adapt to the possibilities of vehicle-to-grid charging technology. Either way, James Kennedy said, the chief technology officer…
Panoro Energy has provided an update on its Tunisian oil & gas assets. Material progress is being reported on the TPS assets (recently acquired from OMV) and the Sfax Offshore Permit (‘SOEP’). At TPS, immediate production opportunities have been identified which should increase the…
AIM-listed Angus Energy, a leading UK conventional oil and gas production and development company, has announced that the Brockham X4Z well has been perforated from 960 metres to 1,155 metres (an interval of 195 metres) measured depth. The average Tmax for this interval was 424.5 C with…
UK Financial Sector Wants Deeper EU Access Than Non-EU Countries After Brexit Britain’s financial sector needs stability to secure its future, along with deeper access to the European Union market after Brexit than what non-EU countries normally get, a senior industry official said on the…
China Oilfield Services Ltd (COSL) has put forward its semi-submersible COSLInnovator for next-phase drilling on the Barryroe oil field offshore southern Ireland. Barryroe is in standard exploration license (SEL) 1/11 in 100 metres (328 feet) of water in the North Celtic Sea basin, 50…
Alberta is gradually chipping away at its own oil curtailment programme to placate energy companies who have grown unhappy with the mandated cuts. The oil-rich Canadian province amended the curtailment rules on the 30th January to allow some oil sands producers, and companies who…
