News

  • Why The World Needs More Nuclear Power

    Two weeks ago in Renewable Energy Growth Continues At A Blistering Pace, I highlighted the inability of renewable energy to keep up with overall energy demand:   “Even though global renewable energy consumption has increased by about 21 exajoules in the past decade, overall energy…

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  • More wells come online at South Pars offshore Iran

    Pars Oil and Gas Company has brought onstream three wells at the South Pars phases 22-24 development in the Persian Gulf.   All were drilled from the SPD22 platform, project head Mehrdad Kazemi told news service Shana.   Hook-up activities for the wells were completed…

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  • Luiperd well spud imminent offshore South Africa

    Odfjell Drilling’s semi-submersible Deepsea Stavanger should spud the Luiperd-1 exploration well offshore South Africa later this month.   According to Africa Energy Corporation, the rig is currently in Cape Town having sailed from Norway last month.   The company is a partner to Total in…

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  • Japanese Firm awarded US$3.7 billion Iraq Deal

    JGC Holdings Corporation has announced that JGC Corporation, which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, has been received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry…

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  • KrisEnergy hires PV Drilling jack-up for Cambodia drilling

    Singapore’s KrisEnergy has hired a jack-up drilling rig operated by PV Drilling for drilling operations on the Apsara development located offshore Cambodia.   KrisEnergy said on the 14th August that a letter of award has been agreed with PV Drilling for the PVD III jack-up…

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  • Xodus launches floating offshore wind study

    Xodus Group has started a three-year collaborative research project on the costs around floating offshore wind.   The study, led by Xodus through the IDCORE programme, is a collaborative partnership between the Universities of Edinburgh, Strathclyde and Exeter as well as the Scottish Association for…

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  • US Seizes Tankers Bound for Venezuela

    The US has seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration which carries the potential to destabilise global oil shipments if Iran retaliates.   The tankers were transporting 1.116 million barrels of petroleum, which has now…

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  • Venezuela oil production close to zero

    Venezuela – one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC – could soon be producing close to zero barrels of oil, according to a new analysis by IHS Markit.   Venezuelan crude oil…

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