News

  • Wintershall granted Dvalin start-up approval

    Wintershall DEA Norge expects start-up of Dvalin natural gas field in the Norwegian Sea in November-December.   Star-tup approval from authorities has been granted, the Norwegian Petroleum Directorate said on the 21st October. The field, in PL435, is estimated to hold recoverable gas reserves of…

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  • Tullow Gets Green Light for US$575 million Total Deal

    Tullow Oil Plc announced on the 21st October that it has received government approvals for the US$575 million sale of its Uganda assets to Total.   The Government of Uganda and the Ugandan Revenue Authority have executed a binding Tax Agreement which reflects the pre-agreed…

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  • Ultrabeam and USS deliver autonomous pipeline survey

    UK-based companies Ultrabeam Hydrographic and Unmanned Survey Solutions (USS) have recently teamed up to conduct two subsea gas pipeline inspection surveys in Northern Ireland.   The contract came from Mutual Energy with aim to gain experience on how unmanned autonomous platforms can increase the knowledge…

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  • Iraq’s National Oil Company To Be Revived By Next Year

    Iraq’s reconstituted national oil company Inoc will be operational by early 2022, more than 30 years after it was broken up under Saddam Hussein’s regime, according to oil minister Ihsan Ismael.   “By the third quarter of 2021 or first quarter of 2022, we will…

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  • Offshore Guinea-Bissau licence terms extended

    Svenska Petroleum Exploration has secured approval via presidential decree to extend the terms of two licences offshore Guinea-Bissau.   The current exploration period for the Sinapa and Esperanca licences will now expire on the 2nd October 2023.   Operations in the licences, including preparation for…

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  • So, What Exactly Is Floating Offshore Wind?

    Onshore wind turbines can be found everywhere from the tropics to the Arctic.   Three decades ago, developers started putting them on fixed foundations out at sea, sparking the rise of the offshore wind market, which added 6.1 gigawatts of new capacity in 2019.  …

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