Energy companies Royal Dutch Shell and Exxon Mobil will not submit a claim for missed revenue due to the Dutch government’s decision to halt gas production at the Groningen field by 2030, the Dutch ministry of Economic Affairs said on the 25th June. The…
ExxonMobil Asia Pacific Pte Ltd has started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore, which has a crude oil processing capacity of 592,000 b/d and includes two steam crackers. Construction of the multibillion-dollar expansion project was…
Energean Oil and Gas Plc announced on the 25th June that it intends to drill an exploration well in the Karish North prospect, offshore Israel, before the end of March 2019. The Karish North prospect, which is located within Energean’s Karish lease, will be…
Brunei Shell Petroleum (BSP) has awarded Maersk Drilling a contract extension for the jack-up Maersk Convincer. The current contract for the Maersk Convincer has now been extended for another firm 912 days with up to three years of options. The contract extension will commence…
Brazil’s Petrobras has kicked off oil production from its Tartaruga Verde (Green Turtle) field in deep water of Campos basin, offshore Brazil. The oil company said the production started on Friday, the 22nd June, via the FPSO Cidade de Campos dos Goytacazes. The…
OPEC and its allies gave the final sign-off to an oil-production increase, sealing a victory for Saudi Arabia and Russia. Major producers outside the Organisation of Petroleum Exporting Countries — including Mexico and Kazakhstan — met ministers from the cartel on the 23rd June…
Running against the tide of earlier opinions, the Australian Energy Market Operator (AEMO) has declared that the forecast domestic gas shortfall for Australia’s east coast predicted last year has been averted. The AEMO – a body established in July 2009 with membership made up…
Dutch offshore accommodation provider Chevalier Floatels has picked up a contract in the North Sea for one of its vessels. Chevalier said on the 22nd June that this latest deal was awarded to the company’s DP Gezina vessel. The company added that it…
Westwood’s latest World Oilfield Equipment Market Forecast sees further improvements in offshore E&P activity between now and 2022. In North America’s offshore market, the recent improvements in oil prices have boosted investor confidence, with total expenditure of US$28 billion anticipated over the forecast period,…
Mongolia launched construction of its first oil refinery on the 22nd June, a long-awaited project which is funded by India and designed to end the country’s dependence on Russian fuel. The ground-breaking ceremony was attended by Mongolian Prime Minister Khurelsukh Ukhnaa and Indian Minister…
