EIA forecasts that US crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. Production in 2018 is expected to average 9.9 million b/d, surpassing the previous…
Iraqi government forces captured the major Kurdish-held oil city of Kirkuk on the 16th October, responding to a Kurdish referendum on independence with a bold lightning strike which transforms the balance of power in the country. A convoy of armoured vehicles from Iraq’s elite…
Statoil has clearance from the Norwegian Petroleum Safety Authority (PSA) for an 84-day drilling and completion programme at the Troll field in the North Sea. The semi-submersible Songa Endurance is due to start the campaign soon. In addition, the PSA has approved Statoil’s…
The UK oil and gas industry faces a faster decline if Prime Minister Theresa May fails to agree to a trade deal with the European Union, as restrictions on the movement of workers and equipment would increase costs. A “no deal” Brexit, which has become…
ADNOC’s holdings include seven companies related to exploration, production, and drilling seven companies in refining, petrochemicals, gas processing and LNG and four companies in product marketing, logistics, and marine services. In most cases, operating units will carry the ADNOC name with a descriptor. …
Despite Lebanon’s intent to award four of five blocks in its inaugural offshore bid round, Energy and Water Minister Cesar Abi Khalil said the round had received two bids to operate the offshore gas blocks. Early reports said Mr Khalil declined to disclose the…
Iran, already struggling to attract investors to its energy industry, may find things tougher still as President Donald Trump refuses to certify the nuclear deal that eased sanctions on OPEC’s third-largest crude producer. In a speech on the 13th October, Trump stopped short of abandoning…
Tulip Oil Netherlands Offshore has completed a successful bond placement of €87 million (US$103 million), and will now apply to be listed on the Oslo Stock Exchange. The company will use the proceeds primarily for development of the Q07A gas field, discovered in shallow…
Gas transporter TGS, controlled by Pampa Energía, has proposed an US$800 million pipeline and gas treatment plant in Argentina’s Vaca Muerta shale fields, a company source said, aiming to address a key barrier to increasing production. The project, subject to approval by the government…
The technology group Wärtsilä reached a new milestone in the battery technology development as the company completed the installation of a hybrid energy system on board Viking Princess. The Norwegian vessel is now the first ever offshore supply vessel in which batteries reduce the…
