The maiden shipment of liquefied natural gas from the Yamal LNG export facility’s second train is ready to leave the Sabetta, Russia, facility, Total reported on the 9th August. “Following the successful start-up of Yamal LNG in December last year, the first shipment from…
Apache Corporation will enter into a joint venture with investment firm Kayne Anderson Acquisition Corp. (KAAC) to form Altus Midstream Company, a pipeline company worth US$3.5 billion, the company announced on the 8th August. Apache, which has its headquarters in Houston, will contribute its…
President Trump’s decision to pull out of the nuclear deal and sign the executive order to reimpose sanctions on Iran has had a significant impact on the global oil markets. This move poses a severe threat to the economies of major oil exporting countries…
It is still nearly three months until US sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade. The nation’s outflow has fallen, and Iran is having to rely more on…
India will launch a second bid round under its discovered small field policy on the 9th August, offering 26 contract areas in which about 60 discoveries have been made. The Directorate General of Hydrocarbons originally estimated the launch date would be in June. …
Norwegian safety watchdog, the Petroleum Safety Authority (PSA), has given Norwegian continental shelf newcomer Pandion Energy a clean bill of health as a production licence holder. The PSA said on the 8th August that it conducted an audit of Pandion Energy on the 25th May,…
China National Offshore Oil Corporation (CNOOC) has begun production from two infill wells in the Weizhou 12-8 fields in the Beibu Gulf offshore China. Horizon Oil, a partner of CNOOC on the Beibu Gulf project, said on the 8th August that the combined initial…
Crude oil prices rose on the New York and London markets on the 6th August as the US government moved forward on the first of two highly anticipated US sanction rounds on Iran. US President Trump signed an executive order on the 5th August…
US natural gas systems clearly demonstrated their resilience during three recent major weather events, a study commissioned by the Natural Gas Council has concluded. Extensive underground facilities, transmission pressure under storage which provided a buffer, configurations which let suppliers reach customers by alternative routes, and…
EDF Renewables North America and Fishermen’s Energy, have announced the submission of a joint petition for approval of the Nautilus Offshore Wind project, located in state waters off the coast of Atlantic City. The project represents a crucial opportunity for New Jersey to gain…
