all things Oil
Crown Estate Scotland – the body which manages seabed leasing for offshore renewables – has opened a pioneering offshore wind licensing round which will help reduce emissions from offshore oil and gas infrastructure. The Innovation and Targeted Oil and Gas (INTOG) leasing process will help
Highlights Raises OPEC+ output ‘call’ for 2022 by 700,000 b/d, lowers 2023 estimate Oil output hits post-pandemic high, 1 million b/d rise seen by end-2022 Raises H2 Russian oil supply estimate by 500,000 b/d The International Energy Agency on Aug. 11 hiked its 2022 oil
Aker BP has submitted a plan for development and operation (PDO) for the Trell and Trine fields to Norway’s Ministry of Petroleum and Energy which entails an investment of $700 million. This development will utilize the planned extended lifetime for the Alvheim field, increase production,
Thanks to the strength of the inventory build, Standard Chartered analysts now think Europe can get through a winter comfortably without Russian gas, a new report by the company has revealed. The analysts outlined in the report that it was once thought unthinkable that Europe
Highlights Total Kurdish production reaches 34,500 boe/d in H1 2022 Khor Mor expansion remains suspended due to security situation Khor Mor gas project came under attack in June and July UAE’s Dana Gas has boosted its Kurdish hydrocarbons output in the first half of 2022
Highlights Refineries import 76% of ESPO cargoes loaded from Kozmino ESPO, Urals prices rise amid strong demand Iranian imports stable on the month China’s independent refineries boosted imports of discounted crudes from Venezuela, Iran, and Russia by 32.8% month on month to 8.3 million mt,
(Bloomberg) — Nigeria’s energy regulator overruled President Muhammadu Buhari’s approval of a $1.28-billion purchase of Exxon Mobil Corp. assets, in a high-profile disagreement that may discourage investment in the country’s struggling oil and gas industry. Buhari Hours after Buhari’s office approved Seplat Energy Plc’s acquisition
WASHINGTON – The American Petroleum Institute (API) announced a new initiative, Energy for Veterans, designed to attract more veterans and transitioning service members into meaningful and well-paying careers in the natural gas and oil industry. “Service members and veterans have numerous skill sets that make
(Bloomberg) — U.S. oil production remains on track for a record 2023 even as output grows more slowly than anticipated amid surging costs and labor shortages in America’s shale fields. Output is expected to expand at an average rate of 840,000 barrels a day next year, down
(Bloomberg) — W&T Offshore Inc has hired Skadden, Arps, Slate, Meagher & Flom to conduct an internal investigation on management’s close relationship with information-technology vendor AAIT, according to people with knowledge of the situation. The offshore driller began the probe after receiving a whistle-blower letter