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US government extends Chevron license to operate in Venezuela

US government extends Chevron license to operate in Venezuela

US energy firm Chevron has been allowed to drill oil and gas in Venezuela, despite US sanctions on the country. The licence for Chevon has been extended by the Trump administration for three months in the country that is on the brink of economic and political collapse. With the extension, the licence will expire on […]

Trestakk field starts oil production from Åsgard A platform

Trestakk field starts oil production from Åsgard A platform

Equinor Energy, ExxonMobil and Vår Energi have announced the start of production from the Trestakk field in the Norwegian Sea, on time, and without any serious incidents. The Trestakk oil and gas field, which is located on Haltenbanken Norwegian Sea in a depth of around 3,900 metres, is tied back to the Åsgard A floating […]

Grace 1 oil tanker seized by Gibraltar loaded to capacity with crude oil

Grace 1 oil tanker seized by Gibraltar loaded to capacity with crude oil

The Gibraltar government confirmed that the Grace 1 oil tanker based in Iran, which was seized in its territory, is loaded to capacity with crude oil. On 4 June, British Royal Marines seized the Iranian oil tanker, a very large crude carrier, on the suspicion that it carrying crude oil to Syria, violating European Union […]