Exxon Mobil has succeeded in restoring crude oil production in its upstream project off of Guyana's coast after problems with its gas reinjection equipment, according to Vincent Adams, Head of Guyana's Environmental Protection Agency.
From repeated setbacks affecting the further development of Nordstream 2 to slackened Chinese demand affecting the completion of the Power of Siberia, to the $1.5 billion arbitration loss against the Polish PGNiG, Gazprom can be excused for possibly thinking the world has turned against it.
The advent of Covid19, lockdown in lower 48, slack demand, oil price crash and a corresponding slash in capital expenditure have all taken a huge toll on the upstream sector of the US petroleum industry. Many of the companies specializing in shale oil production will not survive in this low price environment.
The recent bill put forward in the US Senate by Senators Ted Cruz and Jeanne Shaheen may have been the proverbial straw that has broken the camel's back. For in its wake Germany has stiffened its spine and publicly voicing its displeasure with the current US-German relationship under President Donald Trump.
Ecuador’s northern Amazon rainforest has seen heavy oil contamination since rich oil fields were discovered there in the 1960s. Billions of gallons of oil waste was dumped by then American oil giant Texaco into unlined, open-air pits in the ground.
Working in the midst of a ravaging global pandemic, Trans Adriatic Pipeline (TAP) AG successfully completed the 105 km long offshore section of the pipeline across the Adriatic Sea.
It takes a certain genius to use an object for a completely different purpose than the one for which it was originally intended. And so it is with Armin Küpper from the small German town of Liedberg in North Rhine Westphalia.
Bulgaria, with more than a little encouragement from the European Union, is about to embark on a long-awaited plan to diversify its sources of natural gas.
As if there were not enough existing obstacles thrown in Nordstream 2's way (see Pipeline Technology Journal, 27 May 2020), Senators Ted Cruz and Jeanne Shaheen announced a bill today on Capitol Hill to expand sanctions on the troubled gas pipeline to prevent its completion and thus end what they see as Moscow's plan to raise its economic and political influence in
The over 2000-km gas pipeline Power of Siberia, linking Russia's prodigious gas reserves to gigantic energy markets of China, is supposed to be in full swing right now, underscoring the new energy alliance between the Russian bear and the Chinese dragon. At best the flowing gas is so reduced it's barely making a whisper as it moves through the pipeline.
