Delek Group has confirmed it has made an offer to buy a package of North Sea assets owned by oil major Chevron. Delek said on the 28th April that, following international media speculation on a sales process for a package of North Sea oil…
Europe needs to take urgent action to deal with the challenges of the 21st century, including tackling climate change and preparing citizens for massive technological developments, a group of the continent’s leading large businesses has said. The European Round Table of Industrialists (ERT), a…
Angola’s new oil and gas regulatory body officially started work last week from an office in central Luanda. The National Agency for Oil & Gas was created in early February to take over the concessionaire activities which were previously handled by state-owned Sonangol, leaving…
State-run Korea National Oil Corporation (KNOC) has hired Canada’s Scotia Bank to help find a financial partner for a 30 percent stake in its British subsidiary Dana Petroleum. The process is expected to kick off in early May, when confidential information packages will be…
Singapore’s rig builder Keppel Offshore & Marine’s subsidiary Keppel FELS has delivered ENSCO 123 jack-up rig to EnscoRowan on schedule and with zero lost-time incidents. Built to an enhanced version of Keppel’s KFELS Super A Class design, the harsh environment jack-up rig has been…
The Oil and Gas Authority (OGA) has outlined its priorities for the UK continental shelf (UKCS) between 2019 and 2024. The latest Corporate Plan details a five-year work programme comprising seven priority themes, 18 priority activities, and seven key performance indicators (KPIs). Today…
Russia’s giant Soviet-era oil pipeline is a vital piece of Europe’s energy infrastructure, carrying crude to refineries across the region. During the week of the 21st April it was hit by probably the biggest crisis in its 55-year history: both branches of the Druzhba pipeline…
Canada’s government is toughening standards for offshore conservation in ways which can preclude oil and gas activity in some areas. A spokesperson at the Canadian Association of Petroleum Producers said the move offers needed clarity and will not greatly affect exploration and production off…
The Society of Petroleum Engineers (SPE) Aberdeen Section has awarded its biggest ever total of bursaries – £29, 500 – to the winning students in its 2019 student bursaries programme. This year over 90 students applied for a share of the bursary pot with…
General Mills has taken one of the biggest steps thus far towards its climate goal by signing a virtual 15-year power purchase agreement with Roaring Fork Wind, LLC, a joint venture partnership between RES (Renewable Energy Systems) and Steelhead Americas, for 200 megawatts (MW) of…
