News / International
Shell’s Mars B Project Expands Gulf of Mexico Presence
Shell's Mars B project, located in the deepwater Gulf of Mexico, produced first oil in the first quarter of this year. It is the first time that significant infrastructure has been added to an existing deepwater field in the Gulf, says Shell.
Lime Petroleum Prepares to Drill Offshore UAE
Hibiscus Petroleum has issued a progress report on the activities of its part-owned subsidiary Lime Petroleum offshore the UAE.
Croatia Awards Exploration License to Eni
Eni was awarded an exploration license within the Croatian First Offshore Licensing Round. The License is referred to Block 9, which is situated in the Adriatic Offshore, a region where Eni is the exploration and production leader, having operated for several decades on both the Italian and Croatian sides.
U.S. opening of oil export tap widens battle for global market
The Obama administration has opened a new front in the global battle for oil market share, effectively clearing the way for the shipment of as much as a million barrels per day of ultra-light U.S. crude to the rest of the world.
Oil Extends Decline From 5 1/2-Year Low as Glut Persists
Oil fell for a third day, extending its drop from the lowest close since 2009, as record supplies from Iraq and Russia bolstered speculation that a global glut that drove crude into a bear market will persist.
Venezuelan leader Maduro seeks economic help on tour
Venezuelan President Nicolas Maduro is beginning an international tour to try to stem the impact of falling oil prices and a deepening recession.
World’s first coal-seam-gas to LNG facility starts up
Bechtel announced it has successfully completed the world's first conversion of natural gas derived from coal seams into liquefied natural gas (LNG). On Dec. 28 BG Group began loading the first supply of LNG from Bechtel’s Queensland Curtis LNG (QCLNG) facility in Australia.
Saudis Seen Giving Asia Smaller Oil Discounts on Signs of Demand
Saudi Arabia will probably offer smaller discounts to ship crude to Asia amid speculation demand will increase after benchmark prices dropped almost 50 percent last year.
