Shell buys into 190 mln boe Cluff gas projects in UK North Sea

08/02/2019 09:51 Oil Market

news

Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to contain a total of 190 million barrels of oil equivalent from Cluff Natural Resources, Cluff said on Friday.

Cluff’s P2437 license, of which Shell now has an option to buy 50 percent until April 30, contains the Selene prospect next to Shell operated infrastructure linked to the Barque gas field which exports gas into the Bacton Gas Terminal.

 

Shell agreed to buy 70 percent of the P2252 license and will become its operator.

Source:reuters.com

 

Daily (18.02.2019): WTI crude soared on Friday by 2.2% buoyed by U.S. sanctions on Venezuela and Iran

18/02/2019 11:27:00

Oil prices soared on Friday, buoyed by U.S. sanctions against Venezuela and Iran. At the same time, OPEC-led supply cuts also supported prices. Brent crude settled 2.6% higher at 66.25 USD/bbl, or the highest value this year. At the same time, WTI crude climbed by 2.2% to 55.59 USD/bbl.

<READ MORE

China starts to build world's first space-based solar power plant

18/02/2019 11:16:00

With scientists revealing plans to build the first solar power station in space, China is taking its renewable energy push to new heights, said the Sydney Morning Herald.According to China's Science and Technology Daily, construction of the first experimental space power plant began in Chongqing, southwest China, weeks ago. Li Ming, senior vice president of the China Academy of Space Technology, said China is expected to become the first country to build such a plant with practical value.

READ MORE

Italian Eni increases oil & gas production in Kazakhstan

18/02/2019 11:06:00

Italian Eni increased its oil and natural gas production in Kazakhstan by 8.3 % in 2018 compared to 2017, Trendreports with reference to the company’s data.

READ MORE