Perenco T&T has discovered “significant” gas reserves at the Onyx field offshore Trinidad and Tobago, the company said on Thursday.
The find was made through successful drilling of a well and sidetrack in the eastern portion of the Onyx field, located in 55 metres of water between the Poui and Teak fields.
Eni has signed an exclusivity agreement with Ares Alternative Credit Management for the potential sale of a 20% stake in its renewables subsidiary Plenitude, Eni announced on Thursday.
Oil fell for a second day after President Donald Trump said the US and Iran are getting closer to a deal regarding Tehran’s nuclear program, a move that could unleash more supplies onto a market that is rapidly approaching a glut.
Eni SpA has put onstream the Merakes East field in the offshore part of the Kutei Basin in Indonesia, expecting net natural gas production of 100 million standard cubic feet a day (MMscfd) or about 18,000 barrels of oil equivalent per day (boed).
Libya’s latest upstream licensing round has already attracted more than 40 applicants, a signal of the country’s re-entry into the global energy arena and growing interest in its largely untapped hydrocarbon potential. This update was shared by Abdolkabir Alfakhry, Advisor to Libya’s Minister of Oil and Gas, during a session sponsored by ConocoPhillips at the Invest in African Energy Forum in Paris on Wednesday.
China Petroleum & Chemical Corporation (Sinopec) has announced a major shale gas exploration breakthrough of its Project Deep Earth – Sichuan and Chongqing Natural Gas Base. The vertical depth of the well reaches over 5,300 m with a 1,312-m-long horizontal section, setting a new record for vertical depth of shale gas wells in China.
Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad.
The European Union is preparing to impose up to €100 billion ($113 billion) in tariffs on US goods if trade talks fail, according to a new report by Bloomberg this morning.
The draft list of retaliatory measures will be circulated to member states as early as Wednesday, with a one-month consultation period before finalization.
Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new data from the U.S. Energy Information Administration released on Wednesday.
US ship classification society ABS has issued an approval in principle for SBM Offshore’s concept design of a low-emissions FPSO, SBM Offshore announced on Thursday.