UK North Sea-focused oil and gas company Jersey Oil & Gas said Friday it was in advanced exclusive negotiations with a significant UK North Sea operator over a farm-out of its interest in the Greater Buchan Alpha offshore licenses.Jersey Oil and Gas has been working to develop the Greater Buchan Area oil production hub project in the UK North Sea, to serve as a hub through which oil discoveries made by several operators in the Greater Buchan Area in the UK North Sea would be developed…
Indonesia has put three oil and gas exploration blocks out for tender in its first bidding round of the year, with estimated resources of more than 2.4 billion barrel of oil and 9 trillion cubic feet of gas, its energy ministry said.Indonesia plans to offer 10 oil and gas working areas this year…
Windfall taxes mean oil and gas producers in the British North Sea will likely leave 500 million barrels of oil equivalent in the ground over the next decade, the equivalent of one year's output in the aging basin, industry group OEUK said on Tuesday…
Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy…
Spanish firm Cepsa has agreed to sell its exploration and production business in the United Arab Emirates to the French oil major TotalEnergies.The assets being sold include Cepsa’s 20% participating interest in the Satah Al Razboot, Umm Lulu…
Japanese trading firm Marubeni Corp started commercial operation based on the feed-in tariff program for renewable energy at Akita Port offshore wind farm on Tuesday, it said in a statement.Japan's offshore wind power market, part of the country's goal to be carbon neutral by 2050…
Japan's Cosmo Energy Holdings Co Ltd said on Friday it has signed a new agreement with Qatar Energy to continue its operation in the Al-Karkara and A-Structures offshore oil fields, which came into effect after the expiry of the current contract this month…
Marubeni said Thursday it had started commercial operation at the Noshiro Port offshore wind farm in Japan on December 22, 2022, based on the feed-in tariff program for renewable energy.Marubeni Corporation has been implementing this first utility…
Qatar Energy has sold five cargoes of al-Shaheen crude loading in February at premiums of between $1.30 and $1.50 a barrel to Dubai quotes via its monthly tender, two trade sources said on Friday.The premiums are the lowest since June 2021 and…
Oil and gas company Valeura Energy has entered into a definitive agreement with PT Samudra Alam Transport to charter the MT Vula crude oil tanker to store oil produced from the Wassana oil field, offshore in the Gulf of Thailand.In Q2 2022,…
India is offering 26 oil and gas blocks and 16 coal bed methane blocks in its latest exploration licensing round, according to the country's upstream regulator, as the world's third largest oil consumer seeks to boost local output.'There is…
The European Union has agreed to ban the bulk of imports of Russian crude and oil products in its latest round of sanctions following Moscow's invasion of Ukraine.The ban on seaborne crude imports will be phased in over six months and for seaborne refined products over eight months…
UK-based oilfield solutions company Oil Plus has said it has secured two produced water-related projects in Qatar worth $450,000 in total. Oil Plus will deliver a Pre-FEED oil and water analysis for Qatar Energy, and a water injection study…
Norwegian state oil company Equinor said on Monday it will stop trading in Russian oil as the company shuts down operations in Russia following its invasion of Ukraine.Equinor's official announcement comes four days after Equinor's chief executive…
On April 20, 2010, the offshore oil rig Deepwater Horizon exploded, burned, sank in the Gulf of Mexico and terrified the world. This horrific accident — recorded as the largest oil spill in history — killed 11 workers and released 210 million gallons of crude oil into the ocean…
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