Regions News

 

Oil at Six-week High

Jul 11, 2019

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.Brent crude futures were up 32 cents at $67…

Dominican Republic Kicks Off Licensing Round

Jul 10, 2019

The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round, which began on Wednesday with disclosure of contract terms…

Total Launches Dunga Phase 3 in Kazakhstan

Jul 09, 2019

Total and its partners have approved the launch of Phase 3 development of the onshore Dunga field in the Mangystau Region of western Kazakhstan.Phase 3 of the Total-operated field will consist of adding wells to the existing infrastructure and…

Sun Cable Eyes World’s Biggest Solar Project

Jul 09, 2019

World's largest solar project proposed in Australia, connected to South East Asia via subsea cable.Singapore-based Sun Cable has proposed a 10 GW solar farm near Tenant Creek in Australia, with facilities to export electricity via a subsea High…

Shelf Drilling Bags Gulf of Thailand Gig

Jul 08, 2019

Dubai-headquartered offshore drilling contractor Shelf Drilling has secured a contract for the Shelf Drilling Scepter jack-up rig with Chevron Thailand Exploration and Production for operations in the Gulf of Thailand.The contract for the  2008…

DNV GL Supports Asia's Largest Solar Floater

Jul 04, 2019

DNV GL, the international accredited registrar and classification society, said that it has been appointed by PUB, Singapore’s national water agency,  as technical adviser for a 50MW floating photovoltaic (PV) project tender in Singapore.The first-of-its-kind 50 MW project…

Eni, Lombardy Pact on Sustainability

Jul 03, 2019

Italy's Lombardy Region and Italian energy company Eni signed a Memorandum of Understanding (MoU) for long-term sustainable growth at Eni’s refinery in Sannazzaro de' Burgondi.Attilio Fontana, President of the Lombardy Region, and Giuseppe Ricci…

Vitol Builds Refinery for New Ship's Fuel

Jun 24, 2019

Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulfur fuel for ships, a senior company official said on Monday.The project consists of a crude distillation unit that can process 30…

Turkey to Drill Near Cyprus for Three Months

Jun 20, 2019

Turkey launched a second drilling ship on Thursday which will conduct natural gas operations off the northeast coast of Cyprus for three months, a move which risks aggravating a conflict with Cyprus over jurisdiction rights for oil and gas exploration…

Prysmian Bags Dolwin5 Cabling

Jun 19, 2019

Italian multinational corporation Prysmian Group  has been awarded a major grid connection project worth in region of EUR 140 million by the Dutch-German grid operator TenneT which will enable the connection of multiple offshore wind farms to the German grid…

Greek PM May Seek Sanctions Against Turkey in Gas Row

Jun 17, 2019

Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery…

U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes

Jun 14, 2019

The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the conventional naval and air capabilities of Western and Gulf…

Oil Prices Jump 2% After Tanker Attacks

Jun 13, 2019

Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited…

Infinity, Medserv Form Services JV

Jun 12, 2019

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines…

Oxy Enters Four Blocks in Southern Colombia

Jun 11, 2019

U.S.-based oil company Occidental Petroleum Corp has partnered with Amerisur Resources Plc on four exploration and production blocks in southern Colombia, near the border with Ecuador, the National Hydrocarbons Agency (ANH) said on Tuesday…

Current News

Oil Companies Push Carbon-capture Efforts

Oil Companies Push Carbon-capture Efforts

Petronas Q2 Profit Rises 8%

Petronas Q2 Profit Rises 8%

Timor Resource to Drill 5 Wells in Timor-Leste

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

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