Militants threatening Mozambique LNG occupied the port of Mocimboa da Praia in the early morning hours on August 12, according to a report on the Moz24Horas website. The reported says terrorists occupied this vital port in gas-rich northern Mozambique following days of attacks claimed by an ISIS-affiliated group, according...
Gas plagues Permian shale and the result is less drilling and lower profits for explorers at a time when investors are demanding better returns. Natural gas has long been a nuisance in the Permian, where a massive glut weighs on prices, with crude producers sometimes having to pay to get...
India diversifies oil imports these days with more US and Russian supplies on offer to compensate for less geopolitically risky Middle East crude. Hydrocarbon Processing reported that imports of Middle Eastern oil fell to a four-year low in 2019. The Houston-based trade publication obtained tanker data from sources showing that...
The Hellenic (Greek) Hydrocarbon Resources Management (HHRM) department reports that seismic studies of Crete's offshore predict major reserves located to the south. ”The team of HHRM completed the processing of seismic data to accurately map the geometric structures in the marine areas of central Ionian and south of Crete,” the...
The US shale production decline is likely to continue, despite a bounce back in demand since April, the height of the COVID-19 pandemic. The U.S. rig count is at its lowest since 2005; only 176 oil rigs are currently active nation-wide. Drilling permits in July dropped to their lowest level...
Industry solutions at TOGC 2020 will be on display at an alongside exhibition. The closed-door Transportation Oil and Gas Congress 2020 (TOGC 2020) will be held on 16–17 November 2020 in Milan, Italy. Midstream industry experts will gather at TOGC 2020 to keep updated with the cutting-edge solutions in the...
Polish LNG terminal operator Polskie LNG has obtained a set of environmental and location decisions for all projects implemented under the LNG Terminal Expansion Program. The environmental permits are final, while the decisions issued by the Governor of West Pomerania are immediately enforceable (which stems directly from the provisions of...
Weatherford INT digital collaboration expands as Weatherford International it is strengthening its ties with upstream data visualization provider INT to provide next-level, real-time well visualization in both 2D and 3D, the company has announced. Weatherford will embed INT’s IVAAP framework into the Weatherford Centro digital well delivery software, advancing...
The Lukoil Varanday tariff war with Rosneft over Arctic oil transport from the Varandy loading terminal is headed to Russia's supreme court. The conflict began in 2018 when state-owned Rosneft complained to the Federal Anti-monopoly Service about tariffs that Lukoil levels on shipments from the Varandey terminal on the Pechora...
Gazprom Neft continues to champion the digital transformation of the oil and gas industry by agreeing a joint venture with ICS Holding to develop digital products for not only the Russian energy market but globally as well. The development strategy for the new joint venture is aimed at addressing...