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  • The US Treasury Department's Office of Foreign Assets Control (OFAC) announced on 28 January 2019 the imposition of new sanctions against the country’s state oil company PdVSA, writes Ed Zwirn in New York and Keith Nuthall. The sanctions effectively halt US purchases of oil from Venezuela – the Lati...

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  • Shell and its partners have announced that they are to commence the tendering process for the development of the Bonga South West/Aparo (BSWA) deepwater oil project offshore Nigeria.Commenting on the news, Cao Chai, Upstream Oil & Gas Analyst at GlobalData, says: ‘The agreement between Shell Nig...

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  • BP has announced first gas from the second stage of its West Nile Delta development offshore Egypt. The project, which produces gas from the Giza and Fayoum fields, has been developed as a deepwater, long-distance tie-back to an existing onshore plant.The start-up is the second in a string of new up...

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  • Total has made a significant gas condensate discovery on the Brulpadda prospect, located on block 11B/12B in the deepwater Outeniqua Basin, 175 km off the southern coast of South Africa and about 180 km south-east of PetroSA's Mossel Bay gas-to-liquids (GTL) plant.The discovery opens ‘a new wor...

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  • ExxonMobil has made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek block to 12. The discoveries build on the previously announced estimated recoverable resource of more than 5bn boe on the block.Tilapia-1 is t...

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  • Woodside Energy has awarded a contract to McDermott International for the front-end engineering and design (FEED) activities for a floating production unit (FPU) for the Scarborough field gas development in Western Australia.The FPU will be designed for a production capacity of 7–9mn t/y and will be...

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  • Tokyo Gas and Centrica have signed a sale and purchase agreement (SPA) for the long-term offtake of 2.6mn t/y of LNG from the Mozambique LNG project, from the start-up of production until the early 2040s. The agreement provides the project with key foundation customers which will support the final i...

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  • EY’s recently published annual review of the UK oilfield services (OFS) industry shows that turnover of the UK’s OFS industry declined for a third successive year in 2017. Although the rate of decline reduced, more importantly the EBITDA (earnings before interest, taxes, depreciation and amortisatio...

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  • Petrobras has commenced production of oil and natural gas through the P-67 floating, production, storage and offloading (FPSO) vessel in the Lula Norte area, in the pre-salt of the Santos Basin. With the capacity to process up to 150,000 b/d of oil and compress up to 6mn cm/d of natural gas, this is...

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  • The recovery of oil prices at the start of the new year has led to a boost in companies’ profits, and a new sense of optimism in the oil and gas industry. This will lead to a rebound in new European greenfield project start-ups from a 40-year low in 2018, according to data and analytics company Glob...

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