SilverBow Resources Inc, Houston, has agreed to acquire assets in the Eagle Ford shale in South Texas from an undisclosed seller, expanding the company’s gas portfolio in the Western Eagle Ford and adding oil acreage in three new counties. The all-stock deal is valued…
Aquaterra Energy has completed engineering design for a renewable energy-powered Sea Swift offshore platform for DeNovo Energy. The unmanned minimal facilities platform, part of the Zandolie field development in the Gulf of Paria, off western Trinidad, is due to be installed later this year. …
GameChange Solar has announced the completion of its first Genius Tracker™ project in India. This 394 MW project is located 110 km from Ahmedabad, the capital city of the State of Gujarat. This solar plant is expected to supply clean solar power to the equivalent…
China will transfer over US$6 million to Myanmar’s government to fund 21 development projects, Myanmar’s foreign ministry said, in a sign of cooperation resuming under the junta which overthrew an elected government on the 1st February. China’s influence had grown in Myanmar in recent…
Iran’s new president has picked the former head of the country’s natural-gas company as oil minister, at a time when the Islamic Republic is engaged in fraught negotiations with world powers to revive petroleum exports. Javad Owji, who hasn’t previously held a full ministerial…
The summer doldrums are here for oil supertankers. Freight rates on the benchmark route from the Middle East to Asia have slipped to their lowest levels since March, meaning lower earnings for those vessels, Baltic Exchange data show. At the same time, ship-fuel costs…
Repsol Norge has authorisation from the Norwegian Petroleum Directorate (NPD) to start up the Yme oil field in the southeastern Norwegian North Sea. Production is expected to start later this year. According to the NPD, Yme is one of the first oil fields…
Siemens Gamesa, the world’s leader in the offshore wind industry, will expand its successful offshore blade factory in Hull by 41,600 square metres, more than doubling the size of the manufacturing facilities. The expansion represents an investment of £186 million and is planned to be…
An oil spill off Russia’s Black Sea coast over the weekend spread over an area of nearly 80 square kilometres and was much larger than initially thought, scientists at Russia’s Academy of Sciences (RAN) said on the 11th August citing satellite imaging. A leak occurred as…
Japan’s recent Strategic Energy Plan (SEP) revision lowers the targeted share of LNG in the country’s power generation mix in 2030 from 27% to 20% as a measure to cut emissions. However, the targets could be too ambitious and changes the plan will bring…
