Reuters July 27th 2015 Britain on Monday awarded 41 licenses to drill for oil and gas in the North Sea, the government said, with oil majors Shell and ENI among the successful bidders. The awards marked the end of Britain’s Oil And Gas Authority’s (OGA) latest licensing round. They brought the total number of licenses…
Bloomberg July 22 2015. The free fuel party may be over as the United Arab Emirates, the third-biggest OPEC producer, will link gasoline and diesel prices to global oil markets starting next month, becoming the first country in the oil-rich Persian Gulf to remove transport fuel subsidies. Business chiefs yesterday backed a landmark move to…
Horizontal drilling and hydraulic fracturing is currently the disruptive technology pervading the global energy industry, these disruptive technological advances in drilling and fracturing have reshaped the oil and gas supply-and-demand balance with worldwide implications. Little concern is given to the technological mega-trends happening within the industry- the use of drones in oil and gas operations. Few…
U.S. oil company Chevron Corp said on Wednesday it was selling its 40 percent stakes in two more shallow water Nigeria offshore oil blocks, Oil Mining Leases (OML) 86 and 88 in the Niger Delta area. Earlier, Chevron had divested its 40% stakes in the OMLs 83 and 85. The properties had been sold to…