Qatar, the world’s largest exporter of liquefied natural gas, is fulfilling all of its contracted shipments of oil and gas despite a regional political crisis which led to the severing of ties with some of its neighbours, the Gulf country’s energy minister said. The diplomatic feud…
Oil climbed the most in a week as the International Energy Agency and OPEC improved their outlook for demand. Futures gained as much as 1.8% in New York. The IEA sees global oil demand rising this year by the most since 2015, while OPEC boosted projections…
Premier has announced that it has entered into a sale and purchase agreement to sell its entire interests in Licences PL089 and P534, which contain Wytch Farm field, to Verus Petroleum SNS Limited for a cash consideration of US$200 million (subject to certain customary financial…
The UK’s Competition and Markets Authority has accepted the solution offered by Wood Group and Amec Foster Wheeler for their planned merger, and this is now expected to go through in October, following receipt of merger clearance in Mexico. It takes in the majority of Amec Foster…
Shell Canada is shutting some gas operations in its Waterton complex in southern Alberta as a precaution against an uncontrolled wildfire raging nearby, the company said on the 12th September. The Waterton complex includes natural gas wells and a processing plant and has production…
EnQuest has issued an update on its progress at the Kraken oil field development in the UK northern North Sea, which came on-stream on the 23rd June. Stabilised production rates from the six wells tested so far total around 30,000 b/d, which is roughly 60% of the…
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway, the UK and Atlantic Margin, has announced that drilling has reached the target depth on the exploration well 33/9-22 S (Faroe carried interest 30%) in licence PL…
New United Nations sanctions on North Korea will cut imports of fuels such as gasoline and diesel by almost 56% while capping shipments of crude at current levels, according to the US. The oil supply restrictions, which were less than the full embargo sought…
War-ravaged South Sudan is considering scrapping state subsidies on oil because it has not been able to pay civil servants for four months and diplomatic staff abroad are being evicted over unpaid rent, the deputy finance minister has said. Ending the subsidies would free…
The US Coast Guard and the Environmental Protection Agency are working with Texas state regulators to clean up oil and chemicals spilled from a dozen industrial facilities after flooding from Hurricane Harvey, authorities said. The spills came from oil refineries, fuel terminals and other…
