All articles by cms admin

cms admin

Santos to start drilling Bay of Bengal block 16

Santos is to start drilling block 16 in the Bay of Bengal, offshore Chittagong, Bangladesh. The company will invest $126m in the three-well programme, which aims to explore hydrocarbons.

US crude slips on economic growth concerns

US crude prices fell by 8¢ to stand at $85.62 as worries about the economic growth outlook intensify. Brent crude remained steady at $109.35 a barrel after two days of losses fuelled by worries that a default by Greece will destabilise the global financial system and affect oil con

HPGT to acquire SNG natural gas pipeline assets

High Point Gas Transmission (HPGT) has signed a purchase and sale agreement with Southern Natural Gas (SNG) to acquire natural gas pipeline assets near its Toca compressor station in New Orleans, US. Under the agreement, the company will acquire 621 miles of onshore and offshore pipeli

OGX receives licence for Waimea development

OGX has received an international licence from the Brazilian Institute for Environment and Renewable Natural Resources (IBAMA) for the production and development of the extended well test in Waimea on block BM-C-41 in the Campos Basin, Brazil. OGX general executive and exploration offic

Predictive pipeline maintenance

Effectively foreseeing threats to pipelines can avert spills and ruptures while saving money and lives. Ahead of Arena International’s Oil & Gas Pipeline Integrity Management Summit in the UK, Sviatoslav Timashev, director of the Ural branch Russian Academy of Sciences, speaks to Elisabeth Fischer about how to maintain pipelines based on risk predictions.

Total acquires offshore blocks in Indonesia from Talisman Energy

Total has signed agreements with Talisman Energy to farm-in three deepwater offshore exploration blocks operated by Talisman in the Makassar Strait of Indonesia. Under the agreement, Total acquired a 50% interest in the Sageri production sharing contract (PSC), 35% in the South Sageri

Apache Julimar, Kyushu Electric sign Wheatstone LNG agreement

Apache Julimar and its partners have executed a long-term sales and purchase agreement with Kyushu Electric Power Company to supply liquefied natural gas (LNG) from the Wheatstone Project in Western Australia. Under the contract, the Chevron-operated Wheatstone will supply 700,000t of L

Statoil and partners to install two new compressors at Troll gas platform

Statoil and its partners are to invest Nkr11bn ($1.96bn) in the installation of two new compressors at the platform of the Troll gas project, offshore Norway. The partners include Petoro, Shell, Total and ConocoPhillips. The installation is expected to extend gas production

US crude falls on strong dollar

US crude prices fell by $1.29 to stand at $86.67 a barrel today as the dollar strengthened. Inventories also slid and markets are seeking safer assets ahead of the US Federal Reserve meeting on 21 September 2011. Brent crude slipped by 85¢ to $111.37 as Europe failed to

Oil prices rise over action to boost European bank funding

Oil prices rose today after the central banks announced a coordinated action plan to boost European bank funding, decreasing concerns about the declining crude demand from industrialised consumers. US crude climbed by 19 cents to $89.59 a barrel, while Brent crude rose by 56 cents to $1