Russia’s energy ministry said on the 21st January that Japan’s Mitsubishi Corporation has expressed interest in participation in the Arctic LNG 2 project, which is due to start producing liquefied natural gas in the next decade. Novatek owns a 90 percent stake in the…
Nigerian billionaire Aliko Dangote said he is on schedule to finish by next year his US$15 billion oil refinery, which will be one of the world’s biggest, despite analysts saying the timeline is ambitious. “There are quite a lot of challenges, but we’re moving,”…
Total and its partners have successfully applied to convert a licensing option (LO 16/27) in the southern Porcupine basin offshore south-west Ireland to a frontier exploration licence (FEL 2/19). The concession contains the undrilled Palaeocene Avalon prospect, close to the previously drilled Dunquin North…
Australia’s Santos has started oil production from its Van Gogh infill project in the Exmouth basin, offshore Western Australia. This marks the conclusion of the two-well programme which will increase production from the Van Gogh field. The Van Gogh field ties into the Floating…
Genel Energy has reached agreement to acquire stakes in the Chevron operated Sarta and Qara Dagh blocks, in the Kurdistan Region of Iraq. Genel will acquire 30% equity in the Sarta licence by paying a 50% share of ongoing field development costs until a specific…
A federal judge in South Carolina has issued an injunction stopping the US Bureau of Ocean Energy Management’s processing of applications for offshore oil and gas seismic permits on the US Mid-Atlantic Outer Continental Shelf during the federal government’s partial shutdown. US District Judge…
Saudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge to invest as much as US$10 billion in Africa’s most developed economy. Joint studies for a refinery and petrochemical complex will be conducted by state oil…
Pars Oil and Gas Company (POGC) has replaced Petroleum Engineering and Development Company for the next-phase development of the Kish gas field. Mohammad Meshkinfam, CEO of POGC, told news service Shana the aim was to produce 85 MMcm/d of gas from the field, 30…
Norwegian oil major Equinor has revealed plans to halve CO2 emissions from its logistical operations on the Norwegian continental shelf (NCS) by 2030. Equinor said on the 18th January that the CO2 emissions from its NCS operations were reduced by 600,000 tonnes since 2011….
Despite the signing of a new Vienna Agreement, the journey to a balanced global oil market will take time and is more likely to be a marathon than a sprint, according to the International Energy Agency’s first Oil Market Report in 2019. On the…
