Author: intent

Greater Tokyo CCS Partners, JOGMEC Agree to Continue Study Works

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

“In connection with this, JOGMEC commissioned a survey on the implementation of advanced CCS projects in 2023, and engineering and design work for advanced CCS projects in 2024, both of which were jointly undertaken by the parties”, INPEX said in an online statement. “Through these commissioned projects, the parties conducted feasibility studies on CO2 separation, recovery, transportation and storage in the initial phase, and basic engineering and design for the entire CCS value chain and appraisal of CO2 storage potential in the subsequent phase.

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DOI Says New USGS Study Finds ‘Significant’ Undiscovered Oil, Gas Resources

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

USGS oil and gas assessments began 50 years ago following an oil embargo against the U.S. that signaled a need to understand the occurrence, distribution, and potential volumes of undiscovered resources, the DOI said in its statement. It added that USGS energy resource assessments provide information to policy makers on resource potential in areas of the U.S. and the world.

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Aker BP Makes Oil Discovery Near Skarv Field

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

Well 6507/5-13 S aimed to prove petroleum in reservoir rocks in the Fangst and Båt groups. “The well encountered a 14-meter oil column in the Garn Formation in 43 meters of sandstone with moderate reservoir quality”, the upstream regulator said in a press release. “The oil/water contact was encountered at 3702 meters below sea level. The other formations in the Fangst and Båt groups were aquiferous.

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U.S. Resists EU Push to Lower Russian Oil Price Cap

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

A European official attending the G7 finance powwow in Banff, Canada, told Reuters that the U.S. Treasury team thinks market forces are already doing the heavy lifting. With Brent prices wobbling around $64—and Russia’s Urals blend clocking in at a $10 discount—Washington’s logic is that there’s no need to poke the bear when the bear’s already limping.

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TotalEnergies prepares to drill offshore South Africa as regulatory reforms gain footing

Oil & Gas‚ Oil and Gas Industry | intent | May 23, 2025 | Comment off

South Africa’s offshore acreage, particularly in the Orange Basin, has been gaining momentum on the back of transformational discoveries in neighboring Namibia. Within South African waters, the Brulpadda and Luiperd finds in Block 11B/12B remain the most commercially significant to date, estimated to hold more than 600 million barrels of oil equivalent. While TotalEnergies has since exited the block, citing internal portfolio shifts, the company’s re-engagement with the broader South African market suggests continued belief in the basin’s long-term potential.

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