Total said on the 8th November it has acquired the upstream liquefied natural gas interests of French power and gas utility Engie for around US$1.5 billion, in a deal which is set to make it the world’s second largest player in the LNG market, with…
A delegation of senior executives from Iraq’s National Oil Company has visited senior officials with the National Iranian Drilling Company (NIDC) to discuss cooperation in drilling projects in Iraq. Cooperation and facilitation of NIDC’s presence in Iraqi projects were discussed during the meeting of…
Lundin Norway has permission from the Norwegian Petroleum Directorate to drill a new structure 32 kilometres (19.9 miles) north-west of its Alta discovery well in the Barents Sea. The semi-submersible Leiv Eiriksson will drill well 7219/12-3 S in production licence 533, which was awarded…
Chevron is planning a significant drilling programme in the Duvernay shale formation, marking a vote of confidence in Canada’s energy industry in a year when it joined other majors in selling assets there. The initial development in the East Kaybob section of the formation…
OPEC says growth in global oil demand will steadily lessen from an annual average of 1.3 million barrels a day between 2016 and 2020, to 300,000 barrels a day by 2035-2040. But it says fossil fuels will remain the main energy source decades from now….
In the United States, the Permian Basin is called “the gift that keeps on giving,” in recognition of both its longevity and productivity. The same term could soon be used for the North Sea. While decline curves remain steep and platform decommissionings are numerous,…
Total and Eni are reportedly planning to start drilling in a joint exploration block off the coast of Cyprus by the end of the year or in early 2018. According to Reuters, Cyprus President Nicos Anastasiades met with Total’s CEO Patrick Pouyanne on the 5th…
Repsol has installed a new platform on the PM3 block offshore Malaysia which will raise production by around 160 MMcf/d. It is the company’s second new platform this year in Malaysian waters following Kinabalu-D in June. In September, the company and its partners…
Iraq’s State Oil Marketing Organisation (SOMO) has reportedly confirmed that talks are ongoing between Baghdad and Tehran to export crude oil from Kirkuk to the Kermanshah refinery in Iran. SOMO Director Alaa al-Mussawi is quoted as saying that trucks would initially supply 15,000 barrels…
A group of major automakers plans to open hundreds of fast-charging stations for electric cars in Europe in the coming years and use a common plug technology in what they hope will be a big step toward mass acceptance of battery-powered vehicles. BMW, Daimler,…
