ADNOC LNG has signed an engineering, procurement, construction and commissioning (EPC) contract for the second phase of the Integrated Gas Development Expansion (IGD-E) project, with a consortium of Spain’s Tecnicas Reunidas and Abu Dhabi’s Target Engineering Construction Company. ADNOC said on the 26th September…
The US authorities have proposed to offer 78 million acres in a Gulf of Mexico lease sale scheduled for March 2019. The sale would include all available unleased areas in federal waters of the Gulf of Mexico. The Lease Sale 252 will include approximately…
In the period to 2040, the required global oil sector investment is estimated at US$11 trillion according to the latest OPEC World Oil Outlook report, which was launched on the 23rd September in Algiers. The report outlines that total required upstream capital expenditure related…
The Glendronach discovery is big news for Total, its partners INEOS and SSE and the UK as a whole. That is according to Kevin Swann, North Sea senior research analyst at global natural resources consultancy Wood Mackenzie. “With estimated recoverable resource of one…
Solaria, Enphase Energy and Quick Mount PV Join Forces to Deliver Streamlined Solar Solaria Corporation, a global provider of next-generation, high efficiency solar modules has announced that they will make their products available in a single, unified system, assuring efficiency, performance, and aesthetics with Quick…
Iraq is negotiating with the US for exemptions from the impending snap-back of sanctions against Iran, arguing that it could not cut consumption of Iranian electricity and natural gas immediately without suffering serious economic harm and social instability. An Iraqi delegation was in Washington…
Total has participated in a successful appraisal well on the Shwe Yee Htun-2 gas discovery in the A2 block offshore Myanmar. The well, drilled to a final depth of 4,820 metres (15,814 feet), intersected 40 metres (131 feet) of net gas pay. Early analysis…
Offshore rig broker Bassoe Offshore has announced that the Jasper Explorer drillship has been sold for scrap. Data on Bassoe Analytics website shows the Jasper Explorer was sold to GMS for US$6.3 million earlier in September. The Jasper Explorer was built in January…
Lundin Norway has completed the Alta appraisal well 7220/11-5 and extended production test in PL609 in the southern Barents Sea. The results were better than expected. Lundin said on the 25th September that the main objectives of the appraisal well and extended production test…
China has imposed a 10% tariff on LNG imports from the US, describing the measure as a response to the latest US tariffs on US$200 billion of Chinese goods. The 10% tariff, which includes other products as well to affect US$60 billion worth of trade,…
