A report published by the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that crude oil and refined products worth US$41.9 billion have been stolen in Nigeria since 2009. The report, titled ‘Stemming the increasing cost of oil theft in Nigeria’, urges the federal…
Equinor has started its third UK upstream development in 2019; Barnacle. The Barnacle project, which started production on the 6th December is estimated to have recoverable resources of around two million barrels of oil equivalent. Daily production at plateau is estimated at around 4,300…
Tullow Oil and its joint venture partners in the Orinduik Block located offshore Guyana have elected to enter the next exploration phase of the Orinduik Petroleum Agreement signed on the 14th January 2016, and have submitted their official notice to the Department of Energy of…
PGNiG has signed an agreement with ERU Management Services providing for joint gas exploration and production operations in the western part of Ukraine, close to the Polish border. ‘We are consistently pursuing our strategy to expand PGNiG’s foreign operations. The agreement we have signed…
The Norwegian Petroleum Safety Authority (PSA) has identified serious breaches of regulations in a recent audit of the jack-up Rowan Norway (VALARIS JU-292). In 2012 the PSA issued an acknowledgement of compliance (AoC) for the rig, which returned to work on the Norwegian continental…
There’s something rotting in the state of Denmark, and it could play a key role in the country’s shift to fossil-free transport. Anaerobically digested waste can be processed for use as biogas fuel and shifting to biogas operations is presently the quickest, most economical…
The South African energy company Sasol has just entered into a partnership with its Danish counterpart Haldor Topsoe, with a view to obtaining a gas-to-liquids technology licence (GTL) in South Africa. The association aims to produce diesel, kerosene and naphtha from natural gas. …
On the 7th January 2020, King Harald V will perform the official opening of the Equinor-operated Johan Sverdrup field centre located offshore Norway. Norway’s Prime Minister Erna Solberg and the Minister of Petroleum and Energy Kjell-Børge Freiberg will also be present, Equinor said on…
The first floating solar farm developed by Vattenfall will be built in the Netherlands. In late December, Vattenfall will start construction of the solar farm, which will have a capacity of 1.2 megawatt. Space for building solar farms is scarce in the Netherlands. One…
New broker committee to be launched in 2020 The London and International Brokers’ Association (LIIBA) is to launch a new committee in 2020: the Broker Placing Committee (BPC). It will replace LIIBA’s Broker Placing and Electronic Development Committee Downstream market facing US$500 million Port…
