Energy

Eni seals exploration contracts in Lebanon
Energy

Eni seals exploration contracts in Lebanon

Italian energy giant, Eni said it has signed two Exploration and Production Agreements (EPA) with the Republic of Lebanon covering Blocks 4 and 9, located in the deep waters offshore Lebanon. The company said in a statement that the agreements are the result of the first International Competitive Offshore Licensing […]

Eni makes oil discovery offshore Cyprus
Energy

Eni makes oil discovery offshore Cyprus

Eni has made a lean gas discovery in Block 6 Offshore Cyprus with Calypso 1 NFW. The well, which was drilled in 2,074 meters of water depth reaching a final total depth of 3,827 meters, encountered an extended gas column in rocks of Miocene and Cretaceous age. The company said […]

Shell Neft says US sanction had limited impact
Energy

Shell Neft says US sanction had limited impact

Shell Neft, the local unit of Royal Dutch Shell in Russia said US sanctions had little on not impact at all on its operations and bottom line. Confirming the situation, chief executive of Shell Neft, Sergey Starodubtsev said the firm was fully compliant with international law. Shell Neft, the Russian […]

Petrobras to sell off its refinery in Pasadena
Energy

Petrobras to sell off its refinery in Pasadena

Petrobras said it has started, through its affiliate Petrobras America Inc, the process of selling its Pasadena Refinery, located in the United States of America. The company said in a statement that the opportunity encompasses Pasadena’s entire refining operations system, including the refinery, with an oil processing capacity of 110,000 […]

Total, Mitsui OSK inks fuel and gas bunker deal
Energy

Total, Mitsui OSK inks fuel and gas bunker deal

Total Marine Fuels Global Solutions and Mitsui O.S.K. Lines, Ltd. have signed a long-term charter contract for a large LNG bunker vessel of 18,600 m³, to be delivered in 2020. Total said the bunker will operate in Northern Europe and will be the first ever capable of supplying large quantities […]

Shell ramps up production at Nigeria’s Bongs oilfield
Energy

Shell ramps up production at Nigeria’s Bongs oilfield

Royal Dutch Shell has provided an update on its Bonga Oilfield, one of its major production assets in Nigeria. According the information made available to Reuters, production of Nigeria’s Bonga crude oil is “being ramped up gradually” after brief shutdown, a spokesman for Shell Nigeria Exploration and Production company (SNEPCo) […]