News

  • IOG Spuds Harvey Appraisal Well in North Sea

    Independent Oil and Gas Plc (IOG) spudded the Harvey appraisal well in the North Sea, the company announced on the 7th August.   The UK producer used the Maersk Resilient jack-up to drill the well, which is located in the UK Southern North Sea Blocks…

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  • ADNOC to Buy 10 Percent Stake in VTTI

    The Abu Dhabi National Oil Company (ADNOC) revealed on the 7th August that it will acquire a ten percent equity stake in global storage terminal owner and operator VTTI BV.   Following the transaction, VTTI will be owned ten percent by ADNOC, 45 percent by…

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  • Europa Oil & Gas converts Inishkea into frontier exploration licence

    The Irish Government has approved Europa Oil & Gas’ application to convert Licensing Option 16/20 in the Slyne basin offshore Ireland to Frontier Exploration Licence 4/19 (FEL 4/19).   The 100 percent-owned licence includes Europa’s flagship Inishkea prospect which lies north-west of, and abuts, the…

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  • Balltec wraps up pipeline recovery work on Åsgard field

    Subsea connector specialist Balltec has recently completed offshore pipeline recovery work on Equinor’s Åsgard field located in the Norwegian Sea.   Balltec said on the 7th August that the work on the pipeline was done on behalf of TechnipFMC Norway.   The company provided a…

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  • SA Approves Plans for Wind, Solar, Battery and Hydrogen Superhub

    Ambitious plans to combine wind, solar, battery storage and potentially green hydrogen production at a hybrid “24/7” energy generation facility in South Australia have won development approval from the state government.   The Neoen Australia Crystal Brook Energy Park has proposed to install up to…

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  • Spanish yard cuts first steel for Equinor project

    Spanish state-owned shipbuilding company Navantia has cut first steel for a module, which will be installed on Equinor’s Johan Sverdrup project located offshore Norway.   In April 2018, Aibel was awarded a letter of intent for the construction of the processing platform topside for phase…

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  • Australia in negotiations to buy US SPR crude oil

    The Australian government is negotiating with the US administration to access oil from its Strategic Petroleum Reserve. Energy Minister Angus Taylor is reported as saying it was a way to address dwindling local supply.   Australia has sufficient crude oil and gasoline to last 28…

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  • Mubadala adds two wells at Manora field offshore Thailand

    Tap Oil has issued results of the latest development wells on the Manora oil field in the G1/48 concession in the Gulf of Thailand, operated by Mubadala Petroleum.   The programme, which started on the 9th July, involved batch drilling of the upper-hole sections of…

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  • Canadian Solar Energises Largest Solar Power Plant in Argentina

    Canadian Solar Inc, one of the world’s largest solar power companies, has announced its 100.1 MWp Cafayate solar power project in Argentina started commercial operation on the 19th July.   It is now the largest operational solar power plant in the country.   Located in…

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