Sonatrach terminates Ain Tsila field contract with Sunny Hill Energy
Algerian national energy company Sonatrach has seized Sunny Hill Energy’s 38.25% stake in the Ain Tsila gas field in south-east…
16 Apr 2021
ExxonMobil looking to divest stake in Iraq’s West Qurna-1 oil field
Exxon Mobil is reportedly planning to divest its 32.7% stake in Iraq’s West Qurna-1 oil field in a bid to slash its debt. The Iraqi Ministry of Oil confirmed the…
16 Apr 2021
BP prepares to retire Petrojarl Foinaven FPSO in UK
BP has stopped production from the Foinaven field offshore UK as the long-serving FPSO Petrojarl Foinaven nears the end of its 25-year design life. Initially, the company was planning to…
15 Apr 2021
FAR receives off-market takeover bid from Remus Horizons
Australian oil and gas company FAR has received off-market takeover offer from private investment fund Remus Horizons PCC for $159.15m (A$209.6m). Remus Horizons, which a private investment fund regulated by…
15 Apr 2021
As vaccination continues, how fast can oil demand return?
The global vaccine rollout brings with it promises of looser travel restrictions and a more mobile world. This in turn enables holidays, commutes, and even short-distance journeys that global governments…
15 Apr 2021
Houthis rebels attack Saudi Aramco’ oil facilities in Jazan
Yemeni rebel group Houthis has claimed that it attacked Saudi Aramco’s oil installation in the refinery town of Jazan in Saudi Arabia using drones and missiles. This is the second…
15 Apr 2021
Total to defer drilling application for offshore block in South Africa
Oil major Total has reportedly decided to delay application for drilling work at the block 11B/12B offshore South Africa. Reuters reported the development citing a letter from SLR, the consultancy…