Geospatial Insight Limited, Europe’s leading provider of satellite-derived alternative data, independent research and image analysis, has announced the launch of TankWatch, a new monitoring service which represents a significant development in the facility for global oil storage to be managed and monitored. TankWatch uses…
Wood has secured a new multi-million dollar, five-year contract to support Saudi Aramco in the delivery of one of its mega-projects in the Kingdom of Saudi Arabia. Engineering and project management services to develop the Marjan oil field in the state’s eastern province will be…
Petro Matad, AIM quoted Mongolian oil explorer, has provided an operational update for its planned 2018 drilling programme in Mongolia. Highlights Completed a US$16.8 million fundraising to execute a four well drilling programme on the company’s acreage in 2018, with the first well, Wild…
Asia’s rapacious thirst for liquefied natural gas is sucking supplies from surprising places China to Japan and South Korea are paying top dollar for the super-chilled fuel. The pull is so strong that Norway’s Statoil ASA, which usually exports most of its LNG to…
Canadian oil company Suncor is buying into the Fenja development in the Norwegian Sea in a transaction worth US$54.4 million. Suncor will acquire a 17.5 percent stake in the offshore oil field from Faroe Petroleum. Faroe, which will retain a 7.5 percent interest in…
Al Dhafra Petroleum, a joint venture operating company of Abu Dhabi National Oil Company, plans to start producing 20,000 b/d of oil by mid-2019 at Haliba field on Abu Dhabi’s south-east border. Production is to rise to 40,000 b/d by 2020, ADNOC said in a…
BP announced on the 12th February that it has started gas production from the Atoll Phase One project, offshore Egypt. The project, in the North Damietta concession in the East Nile Delta, was delivered seven months ahead of schedule and 33% below the initial cost…
On the 11th February, Cyprus accused the Turkish military of obstructing a ship contracted by Italian oil company Eni from approaching an area to explore for natural gas, highlighting tensions over offshore resources in the east Mediterranean. A spokesman for Eni said the Saipem…
Canada proposes to overhaul its vetting and regulation of energy projects and give new prominence to environmental review. The Liberal government has proposed legislation that would replace and realign functions of the National Energy Board (NEB) and Canadian Environmental Assessment Agency. The new…
Total US energy production will increase by 31% from 2017 through 2050 in the reference case, led by increases in the production of renewables other than hydropower, natural gas, and crude oil, the US Energy Information Administration’s latest annual energy outlook has suggested. The…
