The world has seen the oil prices rebound from lows of under US$30 a barrel in early 2016 to an average of above US$50 in 2017, and today they are at US$76 a barrel. So, will the growth continue, will price levels last? BP’s CEO…
This web alert provides a brief update on the response by the European Union on the re-imposition of secondary sanctions against Iran by the United States and provides comments on the potential implications of this. Amendment to EU Blocking Regulation As a response to…
SD Energy, the North Africa focused oil and gas company, has announced that it has spud its SRM-3 appraisal well at South Ramadan, Egypt (SDX 12.75% working interest and non-operator). The SRM-3 well is the last remaining commitment well on the South Ramadan concession….
Equinor and its partners are considering a switch to power from shore for three platforms in the Norwegian North Sea currently powered by gas turbines. The transition, the company claims, could reduce carbon-dioxide (CO2) emissions from Troll C and the Sleipner field centre area,…
Study after study in top scientific journals find that nuclear power plants are far and away the safest way to make reliable electricity. Why then are we so afraid of them? Many believe it is because of the historic association of nuclear plants with…
Readers are encouraged to open the link below and access our Newsletter “Lowdown” displaying Risk Expertise in a Changing World file:///C:/Users/Worsley/AppData/Local/Microsoft/Windows/INetCache/Content.Outlook/AI4ES2HO/Longdown-lowdown-newsletter%20v2%20(002).pdf We would be very happy to hear your thoughts and comments.
Tap Oil has issued an update on development drilling at the Mubadala Petroleum-operated Manora oil field in the northern Gulf of Thailand (permit G1/48). The MNA-21 well, drilled from the Manora platform, has reached TD of 2,164 metres (7,100 feet) MDRT. Petrophysical interpretation…
Oil production in Uganda is likely to start in 2021 at the earliest, China’s CNOOC said, giving a later date than the government’s 2020 target. CNOOC, which is developing the fields in the west of the country with Britain’s Tullow Oil and France’s Total…
Congo Republic will open a call for oil licence tenders in September followed by a promotion campaign at an oil conference in South Africa in November, Congo’s hydrocarbons minister and conference organisers has said. This is Congo’s first licensing round since oil prices rebounded…
Norway’s parliament has given the green light on Monday for Equinor’s 47.2 billion Norwegian crown (US$5.85 billion) plan to develop the Johan Castberg oilfield in the Arctic Barents Sea. Parties from the centre-right government and the main opposition Labour Party joined forces to ensure…
