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How Venezuela Became a Narco State:

Posted by Brian Simpson on October 15, 2018 at 15:29

Chinese Natural Gas Revolution.









Posted by Brian Simpson on December 13, 2017 at 9:53

Oil industry snubs EU effort to defy Trump sanctions on Iran









Big companies say payments plan would not protect them from US penalties.

Full Article FT.com











Big European oil companies are spurning the EU’s attempt to shield Iranian crude from US sanctions because of fears the effort would leave businesses exposed to harsh penalties from the Trump administration. The EU has announced plans to create a special payments channel for crude from Iran, but oil executives and lawyers said the move was largely symbolic because there were no guarantees it would protect big multinationals from US retribution.

Patrick Pouyanné, chief executive of Total, said this week the French oil company would not join EU efforts to bypass US sanctions on Iran. “We cannot afford to take the risk to be banned from using the US financial system,” he told a conference in Russia. The corporate resistance underlines the struggle faced by EU governments that are trying to keep a landmark Iran nuclear deal alive in the face of US sanctions, which are due to be reimposed on oil exports and Iran’s central bank in November.

Full Article FT.com…

Continue

Posted by Brian Simpson on October 4, 2018 at 13:10

Visit Scotland in 2018.

Posted by Brian Simpson on August 16, 2018 at 13:53

Inside Irans Giant Oil Fields...

Posted by Brian Simpson on June 15, 2018 at 14:18

Shetland Oil and Gas...









Posted by Brian Simpson on May 16, 2016 at 13:27

Total Discovers Major Gasfield 'Glendornach' Offshore Shetland, Scotland.

PARIS -- Total announces a major gas discovery on the Glendronach prospect, situated offshore UK, West of Shetland. The well was drilled to a final depth of 4,312 m and encountered a gas column of 42 m of net pay in a high-quality Lower Cretaceous reservoir.

Preliminary tests confirm good reservoir quality, permeability and well production deliverability, with recoverable resources estimated at about 1 Tcf.

Located on Block 206/04a, in water depth of about 300 m and in a formation below the Edradour reservoir, the discovery can be developed quickly with the existing infrastructure around the Edradour field, and the Laggan-Tormore facilities of the Shetland Gas Plant.

“Glendronach is a significant discovery for Total, which gives us access to additional gas resources in one of our core areas and validates our exploration strategy. Located on an emerging play of the prolific West of Shetland area, the discovery can be commercialized quickly and at low cost by leveraging the existing Laggan-Tormore infrastructure,” stated Arnaud Breuillac, President of E&P at Total.

The Glendronach discovery is operated by Total E&P UK, with a 60% interest, alongside partners Ineos E&P UK Limited (20%) and SSE E&P UK Limited (20%).

Posted by Brian Simpson on September 25, 2018 at 6:11

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