Tag Archive

Reliance exits all international oil and gas blocks

Reliance exits all international oil and gas blocks

October 16, 2017 No Comments

Reliance Industries (RIL) has sold all its conventional oil and gas exploration blocks outside India. During the July-September quarter, the company pulled out of the last two oil blocks it held in Myanmar, the company said in a presentation to analysts. “Relinquishment of Myanmar block—M17 & M18 on completion of study/others technical evaluation assessment period,” […]

Zion Oil & Gas Israel Drilling Update

Zion Oil & Gas Israel Drilling Update

October 13, 2017 No Comments

Zion Oil & Gas, Inc. (NASDAQ: ZN)continues active drilling operations at its Megiddo-Jezreel #1 well in Israel, near the eastern border with Jordan. Zion has now drilled to a depth of approximately 10,850 feet (~3,307 meters) toward a possible total depth (TD) of up to ~15,000 feet. Zion’s CEO, Victor Carrillo, says, “We’ve now drilled […]

The “Amazon Effect” Is Coming To Oil Markets

The “Amazon Effect” Is Coming To Oil Markets

October 11, 2017 No Comments

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Much talk has revolved around how software can completely transform the energy industry, but until recently, it was just talk. Now, things […]

Sonangol and oil operators meet President of Angola

Sonangol and oil operators meet President of Angola

October 10, 2017 No Comments

Sonangol EP, along with several oil operators, attended a meeting convened by the President of Angola, João Lourenço. The meeting follows a statement issued by the operators to the President of the Executive, who have identified several matters related to their investment strategies and operations in Angola, which are seen as relevant to the continued […]

BP strengthens LNG shipping capacity

BP strengthens LNG shipping capacity

October 6, 2017 No Comments

BP is taking delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers to support its expanding global LNG portfolio, and to respond to growing demand for lower-carbon energy sources around the world. BP’s finance partners KMarin and ICBC Leasing are investing over $1 billion in the tankers, which will join existing tankers in BP […]

“Era Of Expensive Renewables Is Over” -IEA

“Era Of Expensive Renewables Is Over” -IEA

October 6, 2017 No Comments

After a record breaking year in 2016 for solar PV, the IEA overhauled its forecast for the next five years, significantly raising the projected growth profile for renewable energy. In its new report, Renewables 2017, the IEA argued that it now sees renewable energy as a serious global force, increasingly taking market share away from […]

Petrobras Aquires Seven blocks at the ANP auction

Petrobras Aquires Seven blocks at the ANP auction

October 5, 2017 No Comments

We acquired seven blocks in the 14th Round of Bids in the concession system, held by the National Petroleum Agency (ANP), six of which offshore and one onshore. We will be the operator of the seven blocks. We will be the operators of the offshore blocks, with a 50 percent interest, in partnership with ExxonMobil, […]

Shale gas ban a blow to Scotland

Shale gas ban a blow to Scotland

October 4, 2017 No Comments

The decision to ban shale extraction in Scotland has signalled the Scottish Government “turned its back on a potential manufacturing and jobs renaissance” according to INEOS Shale. The announcement comes at the end of a two-year process during which Scottish industry has been left in limbo. With an official ban on shale extraction, Scotland will […]

ENERGY HEADLINES THIS WEEK

ENERGY HEADLINES THIS WEEK

September 22, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $54.59 a barrel on Thursday, 21 September 2017, compared with $54.06 the previous day, according to OPEC Secretariat calculations. —————- Abu Dhabi targets IPOs worth $5 bln ahead of Saudi Aramco Abu Dhabi is hoping to fast-track at least $5 billion of stock market listings […]

IGas Announce Unaudited half year results to 30 June 2017

IGas Announce Unaudited half year results to 30 June 2017

September 20, 2017 No Comments

IGas Energy plc (AIM: IGAS), one of the leading producers of hydrocarbons onshore in Britain, announces its unaudited half year results for the six months to 30 June 2017. Revenues 16.8m Operational Summary · Average production 1H 2017 was 2,326 boepd (1H: 2016 2,299 boepd) with operating costs of $28.5/boe (FY 2016: $27.5/boe) · Anticipated […]

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