As if pipeline bottlenecks were not enough, Canadian heavy oil producers are facing a new barrier to marketing their crude. New rules limiting the amount of sulphur allowed in shipping fuel is expected to cut demand for both high-sulphur fuel oil and the sour…
Italian oil firm Eni has signed a new concession agreement for exploration in the East Nile Delta Basin of the Mediterranean Sea offshore Egypt. The exploration licence, named “Nour”, is located approximately 50 kilometres offshore in the Eastern Mediterranean, in water depth ranging from…
Bloomberg NEF data indicate that the world has attained the landmark figure of 1TW of wind and solar generation capacity installed. We estimate that the second terawatt of wind and solar will arrive by mid-2023 and cost 46% less than the first. New output…
Execution of upstream oil and gas projects is improving, says a new study by Wood Mackenzie. Midsize to large projects in growing numbers have been delivered on target during the past 12 months. “This includes areas previously notorious for cost blowouts, such as…
Cooper Energy plans to step up development, appraisal, and exploration in the Otway and Gippsland basins offshore southeast Australia. “One of our major tasks for the year will be the preparation of the financial year 2020 offshore drilling campaign to bring the next wave…
Nord Stream 2 AG has submitted plans for an alternative route for the Nord Stream 2 gas lines which does not pass through Denmark’s territorial waters. The application and Environmental Impact Assessment (EIA) report, delivered to the Danish Energy Agency (DEA), is for a 175-kilometre(109-mile) long…
China National Petroleum Corporation is expected to take the lead on a US$5 billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after the US President re-imposed sanctions on the Islamic Republic. …
Namibian offshore explorer Azinam has farmed out a 30 percent share in its Petroleum exploration licence (“PEL”) 44, offshore Namibia. The licence PEL 44 is located in the Walvis Basin and covers an area of 5,722 square kilometres, in water depths ranging from less than…
On the 13th August, Jordanian Prime Minister, Omar Razzaz, met with Iraqi Defence Minister, Irfan Hayali, to discuss the Jordanian-Iraqi relations. Mr Razzaz underlined the depth of the historic Jordanian-Iraqi relations and the keenness to enhance joint cooperation to serve the interests of both…
Leaders of countries with Caspian Sea coasts have signed an agreement on territorial claims under dispute since collapse of the Soviet Union in 1991. Clarification of at least some legal questions will ease impediments to oil and gas exploration and development and to pipeline…
