America’s trade imbalance just got a bit smaller. The US has now become a net exporter of natural gas on an annual basis for the first time since at least 1957. Net exports averaged about 0.4 Bcfd last year, flipping from net inflows of…
Shell plans to begin constructing a solar power plant this year at its chemicals manufacturing facility in Moerdijk, the company reported on the 10th January. “Developing this solar power plant in Moerdijk fits within Shell’s ambition to play an active role in the Dutch…
Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. The Caspian Sea nation’s output has been rising over the past year as the giant Kashagan field ramps up production. That is in…
Kreuz Subsea has won its largest ever subsea services contract. The company will mobilise five vessels to provide subsea construction works for Indian engineering group Larsen & Toubro (L&T). Kreuz Subsea will help L&T install all riser clamps, risers, crossing works, tie-ins, subsea…
The Norwegian Petroleum Directorate (NPD) has acquired around 4,500 kilometres (2,796 miles) of 2D seismic data in Norway’s far north offshore sector. The WG Columbus acquired the data late last summer on the Gardarbank High, east/north-east of Bjørnøya and south of Hopen. This is…
Oil extended gains from the highest close in more than three years as US industry data signalled crude stockpiles dropped an eighth week. Futures climbed as much as 1.1% in New York after rising 2.5% the previous two sessions. US crude inventories fell by…
Premier has provided the following Trading and Operations Update ahead of its 2017 Full Year Results which will be announced on Thursday the 8th March 2018. 2017 Highlights Full year production of 75 kboepd in line with guidance, up 5% on 2016 First…
Company (ADNOC) has awarded two front-end engineering design (FEED) contracts for an ultra-sour gas project related to the offshore Hail, Ghasha and Dalma fields. Bechtel (UK) has the Hail and Ghasha FEED contract and TechnipFMC (UAE) the Dalma FEED contract. In man-hours, ADNOC…
HPCL Rajasthan Refinery Ltd (HRRL), a 74-26% joint venture of Hindustan Petroleum Corporation Ltd (HPCL) and the state government of Rajasthan, will kick off construction activities in mid-January on the JV’s previously announced project to set up a nine million-tonne/year integrated refinery and petrochemical complex…
Karoon Gas Australia Ltd, Melbourne, has sealed a deal to bring Tullow Oil Plc, London, into its exploration venture offshore Peru. Tullow Oil will take a 35% interest in Karoon’s Block Z-38 in the Tumbes basin in exchange for funding about 44% of a…
