News

  • Talon Petroleum completes acquisition of EnCounter Oil

    Talon Petroleum has completed the acquisition of EnCounter Oil.   Talon now holds 100% interests in EnCounter’s highly prospective exploration licences in the UK North Sea.   Licence 2363 contains the 107mmbo (best estimate prospective resource)   Skymoos Prospect and Licence 2392 which hosts the…

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  • Floating platforms represent future of offshore wind systems

    Floating platform technologies will become increasingly important as global energy markets turn to offshore wind systems to meet demand for renewable energy, said a Stanford University official at the recent Offshore Technology Conference in Houston.   In his presentation on “Floating Offshore Wind: Technology, Policy,…

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  • Exploration Gets Its Mojo Back

    The exploration sector has got its mojo back, according to energy research and consultancy company Wood Mackenzie.   WoodMac, which recently completed its 11th annual exploration survey, said the study showed continued optimism and increased favour for high or big impact wells. Capital efficiency was…

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  • Offshore oil rig builder Keppel gets another renewable energy project

    Singapore’s offshore rig builder Keppel Offshore & Marine has won another contract in the renewable energy sector following last week’s major contract award in the offshore wind market.   Last week, in cooperation with Norway’s Aibel, Keppel secured a contract from TenneT Offshore GmbH for…

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  • Iranian National Oil Company opens Office in Iraq

    The National Iranian Oil Company (NIOC) opened an economic representative office in Iraq on the 4th May.   The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and Iranian oil industry equipment producers, on the side-lines of the Iran Oil Show 2019.  …

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  • Eni finds more light oil off Angola

    Eni has said the fourth oil discovery in the exploration programme it started with partners in mid-2018 on Block 15/06 offshore Angola has production capacity exceeding 10,000 b/d of light oil.   The Ndungu-1 NFW well cut 65 metres of Oligocene sandstone with 45 metres…

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  • First Turbine Completed at Tasmania’s Cattle Hill Wind Farm

    Construction of Goldwind Australia’s 144MW Cattle Hill wind farm in Tasmania’s Central Highlands has reached a new milestone, with the unveiling of the project’s first fully completed turbine.   The first of the wind farm’s 48 turbines was officially unveiled by Tasmania Premier Will Hodgman…

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  • Shell Set to Have Biggest UK Decom Costs

    Royal Dutch Shell Plc is set to have the largest abandonment and decommissioning expenditure (ABEX) liability of UK operators in producing UK oil and gas developments, according to GlobalData.   The company is estimated to have over US$3 billion in ABEX liability to abandon producing…

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  • Aqualis merging with Braemar

    Aqualis has agreed to acquire the majority of the Braemar Technical Services division.   The combined company, to be renamed AqualisBraemar, will be an offshore, marine, adjusting, and renewables consultancy with operating across all major basins.   Existing and potential clients will be able to…

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