UK’s onshore explorer, Egdon Resources, said last Thursday it will prepare and submit a new planning application seeking consent to develop the Wressle oilfield, in northeast England, Kallanish Energy reports.
CB&I last week announced it’s entered into a Joint Development Agreement (JDA) with Saudi Aramco that includes Chevron Lummus Global (CLG), CB&I's joint venture with Chevron U.S.A., to develop, commercialize and market crude-to-chemical technologies.
Crude oil production from the Organization of Petroleum Exporting Countries (OPEC) fell by 250,000 barrels per day (BPD) in 2017, which is less than 1%, to average 32.39 million barrels per day (MMBPD).
As Nigeria starts to gradually recover crude oil production following repairs to infrastructure and a temporary ceasefire on attacks by militants, its most well-known rebels group Niger Delta Avengers (NDA) warns the government and oil operators to embrace for the “doom” about to come.
Saudi Arabia, the world’s largest oil producer, is targeting to tender eight renewables projects this year, worth between $5 billion to $7 billion, as a way to free up fossil fuel from domestic consumption to exports.