Back in April, Japan published a report announcing the discovery of huge reserves of rare earth close to the Minamitori Island, 1800km away from Tokyo. Scientists discovered 16 million tons of rare earth elements encapsulated in mud 6000 meters underwater, enough to supply the national electronic industry and the world consumption for at least 400 years.
ReadPremier and Rockhopper to switch from TLP to FPSO The UK-based junior companies Premier Oil plc (Premier Oil) and Rockhopper Exploration plc (Rockhopper) are changing their strategy to develop the Sea Lion oil and gas project located offshore the Falklands Islands in the contested zone of the South Atlantic Ocean. Discovered in 1998, the Sea […]
ReadAramco to begin with Ahmar-1 gas field development In 2012 Saudi Aramco discovered the Ahmar-1 field of non-associated gas in the deep water of the Red Sea approximately 24 kilometers northwest of Duba in the Tabuk Province on the west coast of Saudi Arabia. In following Saudi Aramco announced $25 billion capital expenditure in exploration production […]
ReadStatoil and Lundin to award FEED on Johan Sverdrup Statoil from Norway, Lundin Petroleum (Lundin) from Sweden, and their respective partners, Maersk Oil (Maersk) from Denmark, Det Norske from Norway, and Petoro from Norway, are reaching the final stage of decision to award the front end engineering and design (FEED) contract to develop the giant […]
ReadTotal and Wintershall proceed with Vega Pleyade The french major company, Total and its partners, Basf–Wintershall from Germany and the local Pan American Energy (PAE), are proceeding with the development of the world utmost southern Vega Pleyade project offshore Argentina. After years without investments to maintain oil and gas fields and explore new ones because […]
ReadTotal made final decision to develop Incahuasi gas field The French major company, Total and its partners, Gazprom from Russia and Tecpetrol de Bolivia (Tecpetrol), made the final investment decision (FID) to develop the gas and condensate discoveries from Incahuasi in Bolivia. In a country where the production of natural gas is historically dominated by […]
Read
