Total signed an agreement on the 6th October with Guinea’s national oil company ONAP to carry out seismic mapping of deep and ultra deep offshore blocks with an option to acquire three of them, a statement said. Total’s interest in Guinea expands on an…
Chevron Corporation has announced it has started producing liquefied natural gas at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our…
Saudi Aramco has unveiled its first in-house basin simulator, designed to track migration of Saudi Arabia’s oil over time and assist efforts to discover new hydrocarbon deposits. Aramco’s TeraPOWERS Technology Team (TPT), part of the EXPEC Advanced Research Centre, presented the basin simulator recently…
Britain is getting a preview of what some energy bills might be like after Brexit. And it is not popular. While negotiations on the UK’s exit from the European Union have stalled, natural gas prices had the biggest summer rally in three years thanks…
SDX Energy Inc, the North Africa focused oil and gas company, has announced that an oil discovery has been made by the Rabul 2 Well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well encountered approximately 101.5…
TransCanada Corporation has scrapped its Energy East Pipeline and Eastern Mainline projects, oil and natural gas conduits which have faced regulatory hurdles in Canada and stiff opposition from environmental groups. As a result of the decision, TransCanada expects an estimated C$1 billion (US$801 million)…
ExxonMobil has announced that it has made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the…
TEPCO gets first approval to run reactors since 2011 meltdowns The Japanese utility blamed for safety lapses in the Fukushima nuclear plant meltdowns has received its first approvals to operate reactors under stricter safety standards set since the 2011 disaster. The Nuclear Regulation Authority…
Shale drillers and oil sands producers have posted some healthy profits so far this year, but it will take oil consistently above US$50/bbl for their investments to pay off in the long run. That’ is the conclusion of a Moody’s Investors Service study of…
The Permian basin of Texas and New Mexico holds 60 to 70 Bbbl of yet-to-be pumped crude oil, according to a study by IHS Markit Ltd. The Permian region’s so-called recoverable resources would be enough to supply every refinery in the US for 12…
