News

  • Equinor Completes Sale of its US Onshore Assets in the Bakken

    Equinor and Grayson Mill Energy have completed their transaction which was previously announced in February 2021.   As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill…

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  • AquaDuctus Pipeline to Transport Green Hydrogen from North Sea to Land

    GASCADE, Gasunie, RWE and Shell are progressing with the AquaDuctus pipeline project, which will transport green hydrogen from the North Sea directly to the continent, according to a news release.   The companies “signed a declaration of intent to further intensify their collaboration” on the…

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  • ExxonMobil makes oil discovery offshore Guyana

    ExxonMobil has made an oil discovery offshore Guyana at the Uaru-2 well in the Stabroek block, adding to block’s gross recoverable resource estimate of more than nine billion boe.   Drilling at Uaru-2 encountered 120 ft (36.7 m) of high-quality oil-bearing reservoirs including newly identified…

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  • People in the News

    Berkshire Hathaway swoops on CV Starr for energy liability underwriter Wang CV Starr has parted ways with Penny Wang, with the energy casualty underwriter expected to take on a similar role at Berkshire Hathaway Specialty Insurance.   CAC adds Beecher Carlson’s Lynch and five-strong team…

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  • BP begins gas production from West Nile Delta’s Raven field

    BP has started gas production from Raven, the fifth field of the offshore West Nile Delta project off the Mediterranean coast in Egypt.   The US$9-billion development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean…

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  • Iraq in Talks to build Nuclear Reactors

    Iraq is reportedly in talks with Russia, France and the United States regarding the construction of three civil nuclear reactors.   According to The New Arab, the Head of the Iraqi Radioactive Sources Regulatory Authority (IRSRA) said that several preliminary meetings had been held to…

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