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  • Santos reports that the Corvus-2 appraisal well on the Corvus field has confirmed a significant gas resource in the Carnarvon Basin, offshore Western Australia.The well, located in petroleum permit WA-45-R, in which Santos has a 100% interest, reached a total depth of 3,998 metres. It intersected a ...

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  • ConocoPhillips has sold its 30% interest in the Greater Sunrise fields to the government of Timor-Leste for $350mn plus customary adjustments.The Sunrise and Troubadour gas and condensate fields, collectively known as the Greater Sunrise fields, are located in the Timor Sea.

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  • McDermott International and its joint venture partner Chiyoda International Corporation, a US-based wholly-owned subsidiary of Japan’s Chiyoda Corporation, report that Train 1 of the Cameron LNG project in the US has reached the final commissioning stage following the introduction of pipeline feed g...

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  • Dutch company Verhoef has built what is claimed to be the world’s first electric-powered freefall lifeboat, with an integrated propulsion system supplied by Torqeedo. The vessel recently passed its final drop tests.The first of the new Verhoef aluminium 32-passenger lifeboats will be deployed on an ...

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  • In 2018, US exports of crude oil rose to 2mn b/d, nearly double the 1.2mn b/d rate in 2017, according to the US Energy Information Administration (EIA). Export volumes by destination changed significantly during the year, as US crude oil exports to China fell and exports to other destinations such a...

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  • Shell has signed an agreement with Sinopec of China to jointly study the potential development of shale oil in the Dongying Trough in the eastern province of Shandong. Meanwhile, BP is reported to have unveiled plans to stop exploring for shale gas in China due to poor drilling results, leaving the ...

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  • Chevron is to acquire Anadarko Petroleum in a deal valued at $50bn.The deal, which also includes the acquisition of Anadarko subsidiary Western Midstream Partners, will strengthen Chevron’s leading positions in large, attractive shale, deepwater and natural gas resource basins. According to Che...

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  • Shell is to sell its 22.45% non-operated interest in the Caesar-Tonga asset in the US Gulf of Mexico to Delek for $965mn in cash.Caesar-Tonga is located in Green Canyon blocks GC683, GC726, GC727 and GC770 at water depths of about 4,900 feet (1,500 metres). The field is operated by Anadarko Petroleu...

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  • The European Parliament has approved a new European Union (EU) directive drafted to extend EU gas market competition rules to pipelines that enter the EU from non-member states, writes Keith Nuthall. The legislation may impose conditions on the operation of the Nord Stream 2 pipeline from Russia to ...

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  • A new ultra-low emission zone (ULEZ) is now in force in central London, covering the same area as the congestion charge. Drivers of older, more polluting vehicles are being charged to enter the ULEZ area at any time – 24 hours a day, seven days a week, every day of the year.Most vehicles, including ...

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