OIL and gas analysts are suggesting that Iran’s reported 50- billion barrel oil discovery may not have much of an impact on global markets due to trade restrictions. Following the recent announcement of a new giant oil discovery in Iran
LEADING oil and gas industry analysts have agreed that the weekend drone attacks on Saudi Arabia oil fields will have a significant impact on the oil price and the industry. Saudi Aramco emergency crews contained fires at its plants in
The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development has been formally approved by Norwegian authorities. Construction has also started on the field’s second processing platform at Aibel’s yard in Haugesund. “This
THE Perth office of the American Chamber of Commerce (AMCHAM) is putting the finishing touches on its preparation for its annual Australian delegation visit to OTC in Houstion in May. Since 1999, AMCHAM has been taking a large group of
AUSTRALIAN junior Calima Energy Limited (ASX: CE1) has achieved is first production with the successful recommencement of oil flow from the Paradise well in Canada. Calima Energy acquired a 50% interest in the Paradise well via the acquisition of TSV
Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the
A STUDY by international marine movement specialists VesselValue has assessed that almost 40% of the world’s offshore vessels are currently laid up. VesselsValue’s head of Offshore Robert Day says that it is no secret that the Offshore sector is suffering.
WOODSIDE Energy Trading Singapore Pte Ltd has signed an agreement with RWE Supply & Trading GmbH for the mid-term supply of LNG commencing in the fourth quarter of 2020 and in effect until December 2022. Woodside EVP Marketing Trading &
FRNCE’S Total has signed an agreement to divest a 4% interest in the Ichthys LNG project in Australia to operating partner INPEX for an overall consideration of US$1.6 billion. The transaction, which is subject to Australian regulatory approvals, reduces Total’s
SHELL Australia and the Government of Timor-Leste have entered into a Sales and Purchase Agreement (SPA) for the sale of Shell’s 26.56% interest in the Greater Sunrise fields. Earlier this year Timor-Leste reached a deal to acquire ConocoPhillips 30% share