News

  • PTTEP wins bids for petroleum concessions in Gulf of Thailand

    Thailand’s PTT Exploration and Production (PTTEP) has won bids for the Bongkot and Erawan petroleum concessions in the Gulf of Thailand, Energy Minister Siri Jirapongphan said on the 13th December.   In the Erawan (G1/61) concession, a joint bid from PTTEP and its partner, the…

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  • ExxonMobil makes FID to develop West Barracouta gas project

    ExxonMobil plans to produce natural gas for the Australian market by 2021 following a final investment decision to develop West Barracouta gas field in Bass Strait.   The project, on the VIC/L1 Block offshore Victoria, is part of the Esso-BHP Gippsland basin joint venture.  …

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  • Ophir Energy increases debt facility to repay Santos assets

    UK-based Ophir Energy has increased and extended its existing Reserve Based Lending Facility (RBL) by US$100 million to US$350 million.   Ophir will now be able repay a facility used to fund the acquisition of a package of assets from Australia’s Santos.   The maturity…

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  • Cenovus to focus 2019 budget on Foster Creek, Christina Lake

    Cenovus Energy Inc, Calgary, expects to allocate the majority of its planned 2019 budget of US$1.2-1.4 billion to sustain base production at its Foster Creek and Christina Lake oil sands operations.   The company also plans to complete construction of the Christina Lake Phase G…

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  • Total to further expand oil exploration footprint in Mauritania

    Global energy company Total and the Mauritanian Ministry of Petroleum, Energy and Mines have signed an agreement which awards Total two new exploration and production contracts for blocks C15 and C31, which are deep offshore Mauritania.   The contracts cover an area of 14 175…

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  • People in the News

    Energi appoints CUO to support Vermont captive Insurance programme provider Energi has appointed Michael Windstein as chief underwriting officer.   In this role, Mr Windstein will be supporting the underwriting operations of Energi’s recently introduced Vermont-domiciled captive, eCaptiv, which offers programmes for the energy and…

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  • ADNOC Claims Industry First

    Calling the move unprecedented, Abu Dhabi National Oil Company (ADNOC) reported on the 11th December that it has safely completed the first co-loading of liquefied petroleum gas (LPG) and propylene onto the same vessel.   The products are typically shipped separately.   According to ADNOC,…

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