Drilling & production - 16 October 2012

The European Union has imposed further sanctions upon Iran, including a ban on imports of Iranian natural gas and the provision of related services such as storage.

DNV and nine key members of the Australian maritime, port and energy sectors have established a four-month study to assess the challenges of introducing LNG bunkering to Australia.

Excelerate Liquefaction Solutions has filed an application with the DOE to export LNG to countries which do not have a free trade agreement with the USA.

Drilling activity has is increased in the UK continental shelf in 2012 and stability is returning to the sector though a combination of tax relief and rising oil prices.