Oil & gas news

The EU has tightened oil sanctions on Syria after the government started a fresh wave of crack-downs on dissent in the country.

Gulf Keystone has proved the value of the giant Shaikan filed in Northern Iraq after conducting well appraisal tests at its Shaikan-2 well, drilling is also continuing apace at its Shaikan-4 well.

BP EOC’s offices in Moscow were raided by bailiffs as a result of a claim by Andrei Prokhov, a shareholder in TNK-BP. BP have initiated proceedings to cancel the enforcement of the claim as they believe it is totally unjustified.

GE has acquired for Converteam, the two companies compliment each other should enhance GE’s existing capabilities as well as helping them break into fast growing regions such as Brazil and Russia where Converteam have already made significant in-roads.

Andrew Buckland and Giles Farrer, Wood Mackenzie, UK, detail the possibilities afforded by the development of the FLNG concept.

Lucy Miller, Douglas Westwood Ltd, UK, describes the changing focus of the LNG market towards the Asia Pacific region.

Royal Dutch Shell is looking to sign a huge deal with Ukraine’s Naftogaz worth US$ 800 million to exploit Ukraine’s shale resources.

The second appraisal well drilled by Lundin Petroleum, 16/2-7, has confirmed the extension of the Avaldsnes field approximately 5.5 km south of the 16/2-6 discovery well and 4.5 km south-west of the first appraisal well 16/3-4.

Tokyo Gas has signed a Heads of Agreement to supply Saibu Gas Co Ltd with 300,000 tpy of LNG for 16 years, commencing in March 2014.

Chevron has received environmental approval from the Government of Western Australia, clearing the way for work to start on its huge Wheatstone LNG gas export project once it receives federal approval.