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Valiant Petroleum has set out its most ambitious operation programme to date, with up to six exploration wells drilling, two development wells on the Don Fields and production from the company’s first operated development, Causeway.
The North Sea E&P group received consent from the UK’s De...
Fuel for Thought
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International sovereignty issues have been raised once again as China prepares to dig for oil in the South East Sea.
Beijing is preparing to send a huge ship, the Marine Oil and Gas 708, and a huge oil rig, the Marine 981, to explore for oil and gas in the deep waters of the South East Sea...
Fuel for Thought
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Chinese oil companies continue to invest in exploration and production abroad, according to China Daily, with a subsidiary of Sinopec investing $2.2 billion (£1.4 billion) in the United States.
Sinopec International Petroleum Exploration & Production Corporation (SIPC) invested the money i...
Fuel for Thought
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Russia's attempt at asserting jurisdiction in the Arctic, which is believed to hold up to a quarter of the Earth's undiscovered oil, has been questioned for safety reasons, after the sinking of The Kolskaya floating oil rig killed over 50 crew.
Industry experts previously warned of the sev...
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Admiral Habibollah Sayari has caused an international dispute by saying Iran could easily close the Strait of Hormuz, with the US Navy saying it will not tolerate disruption to the oil-trade route, it has been reported by the BBC.
The Strait of Hormuz has become a new bargaining chip in th...
Fuel for Thought
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Azerbaijan's hopes of increasing its gas production to 50 billion cubic metres (bcm) per year by 2025 took an encouraging step this Christmas, by signing a deal with Turkey that will increase Trans Anadolu flow to 24 billion cubic metres in the medium term.
The deal, worth an estimated $5...
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