Home Page

Total and its partners which include China’s CNOOC has discovered a new gas source off the coast of Britain at the North Sea Glengorm prospect. It had recoverable resources which are estimated at 250 million barrels of oil equivalent (boe). According to Total, with further drilling and testing to be carried out, this could assess […]

Faroe Petroleum, an oil and gas explorer and producer which focuses on Norway and the UK has entered into a partnership with subsidiaries of Royal Dutch Shell and Spirit Energy on exploring the Edinburgh area while it is being developed. Faroe would hand over the operation to Shell once the drilling decision is taken. All […]

Pricing of long liquefied natural gas (LNG) contracts is facing an unpredictable moment due to the fluctuating oil price. With the rising supply and expansion of exports from Qatar, Australia and recently the US, the contractual terms are evolving with the diversification of LNG supplies. This gives buyers greater bargaining power when it comes to negotiating […]

Exxon Mobil Corp. has made a final investment decision (FID) to develop the West Barracouta gas field in the Bass Strait offshore Australia. ExxonMobile has stated that the project located offshore the state of Victoria in VIC/l1 will help to bring new gas supplies to Australia’s domestic market. This is also a part of the […]

The new Energy Transition Outlook report by industry body oil & gas UK argues that to maximise North Sea production by 2035, ensuring the security of supply during this transition period. It is mentioned that the political, economic, technological and social drivers that influence the UK energy mix and provides a roadmap showing how existing […]