Angus Energy, a conventional oil and gas production and development company, has announced that, having received Oil and Gas Authority (‘OGA’) approval for the transfer and paid £2million to the Sellers, it has now completed the acquisition of a 25.0% interest in licence PEDL244 (which…
The Scottish government claims that it has not issued a ban on fracking in Scotland, according to Tom Pickering, operations director at Ineos Shale. “We were astonished to learn during proceedings that the Scottish government claims that it has not issued a ban on…
Equatorial Guinea’s government plans to construct a natural gas mega-hub, Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima announced on the 10th May at the Africa Oil and Power conference in London. The project, led by the Ministry of Mines and Hydrocarbons in…
A pipeline project which would vastly expand Canadian oil exports to Asia is dividing the country, pitting indigenous groups and people who fear damage to the scenic coastline near Vancouver against the central government and the influential energy industry. The Trans Mountain pipeline expansion…
Surging oil prices mean the big Arab countries of the Gulf — especially Saudi Arabia — look set to gain financially as well as politically from US President Donald Trump’s decision to pull out of the Iran nuclear deal. In 2014, Saudi Arabia was…
International oil firms including Norway’s Statoil, US Anadarko Petroleum, China’s CNOOC and Malaysia’s Petronas have shown interest in Argentina’s auction this year of offshore blocks for exploration and production, the country’s energy minister said on the 9th May. Argentina faces growing regional competition as…
The leaders of Cyprus, Israel and Greece said on the 8th May that they are determined to push ahead with plans for a pipeline which would supply east Mediterranean gas to Europe as the continent seeks to diversify its supplies. Israeli Prime Minister Benjamin…
Statoil has received consent from the Petroleum Safety Authority (PSA) to use a replacement pipeline on the Heidrun field off Norway. The PSA said on the 10th May that the Norwegian oil and gas company would use the replacement pipeline between Heidrun and subsea…
A report on the UK oil and gas workforce dynamics, more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 posts which do not exist today. The UKCS Workforce Dynamics Review, created by global…
Crude surged past US$71 for the first time since 2014 as American stockpiles shrank and the US told crude buyers to curb purchases from Iran. Futures in New York climbed three percent the day after President Donald Trump’s said he is withdrawing from the…
