Equinor, Total team up to explore for oil & gas offshore Sri Lanka

29/08/2019 08:59 Energy


According to several media reports, including Colombo Page, Ceylon Today, and Reuters, the country’s government on Tuesday signed a two-year offshore exploration deal with France’s Total and Norway’s Equinor.

The two companies would explore for oil and gas in deepwater blocks JS5 and JS6 in the Ceylon Basin off the country’s eastern coast.


Total will be the operator, and Equinor will get 30 percent interest. Equinor has confirmed the signing to Offshore Energy Today via email.


According to available info, Total in 2016 signed an agreement to proceed with surveys on the offshore JS5 and JS-6 Blocks off the east coast, but it is unclear what progress, if any, has been made so far.

Source: offshoreenergytoday.com

Daily (11.10.2019): EU carbon prices climbed by 2.5% on Thursday, following positive negotiations between the UK and Ireland

11/10/2019 10:44:00

Crude oil prices rebounded on Thursday, as OPEC pledges to take a supply decision for next year this December. Trade talks between U.S. and China to be held next week also lent support to prices. Hence, Brent crude rose by 1.3% to 59.10 a barrel, while WTI futures climbed by 1.8% on a daily basis to end at $53.55 a barrel.


Russia blocks coal supplies to Ukraine through Belarus

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Statkraft scores 660MW Brazil double

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