UK’s Oil and Gas Authority (OGA) has approved Chevron’s field development plan to progress its Captain Enhanced Oil Recovery (EOR) project in the Central North Sea. Chevron made the Final Investment Decision to proceed with the first phase of the Captain EOR project back in October…
In the framework of the financing agreement signed on the 11th December by the Government of Iraq (GoI) and the European Union (EU) committing €14 million (US$15.8 equivalent) to support the government’s efforts to ensure increased and more reliable energy access for the Iraqi population,…
PAO Novatek has begun LNG exports from Train 3 of its Yamal LNG plant in Russia, reaching the site’s planned full capacity of 16.5 million tonnes/year. Novatek said it completed work on the 5.5-million tpy third train more than a year ahead of schedule….
Allete Clean Energy, a Minnesota-based independent power producer and supplier, has recently approved a new five-year power sale agreement between its Viking wind farms in southern Minnesota and Xcel Energy, Inc, whose original 15-year PPAs will expire in December 2018. As per an official…
Block Energy, the exploration and production company focused on the Republic of Georgia, has signed a service agreement for the provision of an advanced downhole perforation technology with a proven record of significantly enhancing recovery rates. The agreement gives Block exclusive access to the…
Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt, just days after OPEC exempted the country from global crude output cuts. The shutdown at the Sharara field will result in a production loss…
Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019, President Andres Manuel Lopez Obrador said on the 9th December at an event at the Dos Bocas port in Tabasco, even as the nation´s refining system is operating at…
Eni has started production from the Vandumbu field in Block 15/06 offshore Angola, through the West Hub N’Goma FPSO. The Block 15/06 is located approximately 350 kilometres north-west of Luanda and 130 kilometres west of Soyo. Eni said on the 10th December that…
Oil companies Point Resources and Eni Norge have completed the merger, and have as a result established a company named Vår Energi, dubbed Norway’s largest independent Exploration & Production company. According to a statement on the 10th December, Vår Energi has a net daily production of…
ConocoPhillips has set a capital expenditure budget for 2019 of US$6.1 billion, which is flat to its expected full-year 2018 capex, excluding acquisition costs. The 2019 budget does not reflect potential dispositions which may occur in 2019. About US$3.1 billion, or 51%, will be…
