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
FORECASTS by the International Energy Agency (IEA) confirm that the global demand for natural gas will surge over the next 20 years, creating a phenomenal economic opportunity for Australia. APPEA Chief Executive Dr Malcolm Roberts said the IEA’s latest World
ASX-listed Calima Energy (ASX: CE1) has welcomed the news that a Shell-led JV has approved the go-ahead for the massive LNG Canada project at Kitimat. Calima, which is preparing to drill its first well in its Montney project area in
THE Government of Timor-Leste and ConocoPhillips have reached agreement on terms for the sale of ConocoPhillips’ 30% interest in the Greater Sunrise Fields. The Prime Minister of Timor-Leste congratulated the Parties on successfully reaching an agreement, which benefits both Parties
HEAVY Lift specialist Jumbo has been awarded the contract for the transportation and Installation of a FSRU Mooring System including riser and umbilical, off the coast of Aracaju, Sergipe, Brazil Jumbo’s Offshore division was awarded the contract by Sapura to