As The Guardian reported earlier on Monday, Saudi Arabia said two of its oil tankers have been damaged in mysterious “sabotage attacks” in the Gulf, as the US secretary of state, Mike Pompeo, held emergency talks with his European counterparts about mounting tensions in the region. The United Arab Emirates...
Mazarine Energy B.V. announced that its subsidiary, Mazarine Energy Tunisia B.V., and partner ETAP (Entreprise Tunisienne d’Activités Pétrolières) have discovered an oil-bearing reservoir in exploration well Sidi Marzoug-1 (SMG-1) in the 4,012-sq-km Zaafrane permit in Central Tunisia. During a production test, SMG-1 well flowed, constrained by surface facilities, at a...
Saudi Arabia says that it can meet all requests to satisfy June orders from countries that had to stop buying U.S. sanctioned Iranian crude. Moreover, Saudi oil production is likely in June to remain below the ceiling it agreed with OPEC and its allies late last year. That agreement...
Total E&P got the go ahead for its Tilenga development in Uganda. The project received a green light by the National Environment Management Authority (NEMA) after a 10-month evaluation by the regulatory body. The French firm said the approval from NEMA was a major step in Uganda becoming an oil...
India buys most of its oil from Saudi Arabia. But it buys Iranian crude as well. So now that waivers of U.S. imposed sanctions on Iranian oil sales are ending, India is in trouble. India is among eight countries that recieved a six-month waiver when the U.S. re-imposed sanctions on...
Rosnedra has confirmed a record oil find in the Yenisey River delta. Russia’s state mineral extraction agency estimates that the Paykha fields may hold as much as 8.4 bbls where the Yenisey flows into the Kara Sea. Russia's business daily Kommersant called the estimate one of the largest...
Bloomberg says it has obtained documents confirming that Exxon Mobil Corp. is the latest company to raise concerns that a stockpile of U.S. government crude is tainted with poisonous gas. Exxon Mobil said some of the oil it purchased last year from the Energy Department’s Strategic Petroleum Reserve, or SPR,...
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said. Since 2017, Russia and OPEC have cut...
Cortec Corporation’s VpCI®-391 water-based coating is transforming transit and storage protection options for equipment manufacturers, suppliers, and owners. This removable coating delivers exceptional corrosion protection for indoor and outdoor applications and dries to a thin, clear film which is virtually unnoticeable. VpCI®-391 can be used to protect both unpainted...
Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilisation for the IRM contract planned for March 2019. With a recently announced two-year charter of the Edda Sun, Fugro has enhanced its IRM, construction and decommissioning support services in Europe. The Edda Sun...