Oil production from the Partitioned Zone shared by Saudi Arabia and Kuwait, shut in since 2015, will resume “soon,” according to the Kuwaiti oil minister. . “Matters with brothers in Saudi Arabia are going at a steady pace, and we expect the return of production…
US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 5.8 million bbl for the week ended the 17th August, according to data from the US Energy Information Administration. At 408.4 million bbl, US crude oil inventories are at the 5-year average for…
Ophir Energy has received shareholder approval for its previously announced acquisition of Santos Limited’s assets in South East Asia. Ophir announced the proposed acquisition of a package of Southeast Asian assets from Australia’s Santos Limited for US$205 million in May this year. At…
Australian energy company Santos is set to buy its compatriot Quadrant Energy for US$2.15 billion, plus potential contingent payments related to resources from recently struck Dorado oil find. Quadrant Energy holds natural gas and oil production, near and medium-term development, appraisal and exploration assets…
China’s shipowners are shunning Iran’s oil, while the OPEC producer is using its own tankers to supply top customers as impending US sanctions threaten to disrupt global crude trade. All 17 ships used to carry oil from the Islamic Republic to China in July…
For the duration of the ten-year agreement Wärtsilä, will provide advisory and maintenance services which help ensure reliable power generation for the plant, which is primarily used to meet peak loads. The fast-response power plant increases flexible power generation and supports Hawaii in reaching…
Siccar Point Energy has contracted well construction specialist DeltaTek Global to support its drilling and field development operations in the UK North Sea area. DeltaTek, operating on a call off basis, will provide cementing services via its SeaCure technology, which delivers stabbed-in, inner string…
ExxonMobil Namibia (PEL44) Ltd has agreed to acquire a 30% interest in petroleum exploration licence 44 (PEL44) in the Walvis basin offshore Namibia from Azinam Ltd. Water depths in the 5,722-square kilometre block range from less than 300 metres to more than 2,500 metres….
Offshore Cape Three Points (OCTP) has started delivery of gas from the Sankofa field to GNPC, marking the beginning of stable supplies of cost effective and environmentally friendly, domestic fuel for Ghana’s power sector. In addition, Ghana will benefit significantly from GNPC’s carried and…
Iran has urged Europe to speed up efforts to salvage a 2015 nuclear deal between Tehran and major powers that President Trump abandoned in May, saying French oil group Total has formally pulled out a major gas project. Efforts by the remaining signatories –…
