News

  • Exelon May Split Its Utilities From Nuclear, Generation Business

    Exelon Corporation has confirmed that it is exploring a plan to separate its multistate utilities businesses from its generation business, which is preparing to close two of its 21 nuclear power plants due to money-losing market conditions.   CEO Chris Crane confirmed the “review of…

    Read more
  • OGUK launches first-of-its-kind D and I survey to drive sector change

    OGUK has launched a first-of-its-kind survey that will deliver a baseline for diversity and inclusion (D&I) demographic and sentiment within the sector, and act as an essential catalyst for progress and change.   As the energy mix becomes increasingly integrated, differences of perspective and background…

    Read more
  • Philippines Okays Drilling in South China Sea

    The Philippines said oil exploration in the disputed South China Sea can proceed without China, in what could be a further sign of the Southeast Asian nation’s tougher stance against Beijing.   Philippine Energy Secretary Alfonso Cusi said PXP Energy Corporation can survey Reed Bank…

    Read more
  • Turkey starts drilling second well in Black Sea

    Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with the Tuna-1 (Danube-1) well.   Turkish President Recep Tayyip Erdoğan announced last month that the Tuna-1 discovery holds…

    Read more
  • Wyoming CO2 pipeline system granted federal EIS

    The state-run Wyoming Pipeline Corridor Initiative (WPCI) has received the US Bureau of Land Management’s (BLM) final environmental impact statement (EIS) for the federally managed portions of its proposed 1,914-mile CO2 pipeline system.   The system would cross about 1,150 miles of BLM-managed land, transporting…

    Read more
  • Maersk Drilling awarded three-well contract by Petrogas

    Maersk Drilling has secured a contract from Petrogas E&P Netherlands for the harsh environment jack-up rig Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea.   The contract is expected to commence in November…

    Read more
  • Has the Texas Upstream Slump Bottomed Out?

    The Texas Alliance of Energy Producers revealed this week that its Texas Petro Index (TPI) – a cyclical measure of the health and vitality of the state’s oil and natural gas economy – shows that exploration and production activity fell for the 19th straight month…

    Read more