News

  • Third Rhum well goes online for Serica

    Oil and gas company Serica Energy has started production from the Rhum R3 well in the UK North Sea, some 16 years after it was originally drilled.   Rhum is a gas condensate field producing from two subsea wells, R1 and R2, tied into the…

    Read more
  • Van Oord to install Taranto foundations, turbines offshore Italy

    Renexia SpA, a subsidiary of Toto Holding, has contracted Van Oord to transport and install ten foundations and turbines at the Taranto wind farm offshore Italy.   Van Oord’s installation vessel MPI Resolution has set sail to Italy to install the monopiles, secondary steel, and…

    Read more
  • Volvo Takes Largest Order of Electric Trucks in North America

    Performance Team – A Maersk Company, a warehousing and distribution company, has placed an order for 16 Volvo VNR Electric Class 8 trucks-the largest commercial order of the North American zero-tailpipe emission model to date.   The VNR Electric model from Volvo Trucks North America…

    Read more
  • Eni eyes fast track of oil discovery offshore Ivory Coast

    Eni SpA will begin studies for fast-track development of a “major” oil discovery in Block CI-101 offshore Ivory Coast and plans an evaluation programme to assess upside potential in the area.   After more than 20 years of industry exploration in the country’s deep waters…

    Read more
  • Ineos Buys Hess Denmark for US$150 million

    Ineos E&P A/S, which is a part of Ineos Energy, has announced that it has completed a previously announced agreement to acquire the subsidiary Hess Denmark AS for a total consideration of US$150 million.   Under the deal, which has an effective date of the…

    Read more
  • ExxonMobil spuds second well on Canje block offshore Guyana

    The drillship Stena DrillMAX has spudded the ExxonMobil-operated Sapote-1 exploration well on the Canje block offshore Guyana.   According to Eco (Atlantic) Oil & Gas, which has an indirect interest via partner JHI Associates, Sapote-1 will test Upper Cretaceous reservoirs in a stratigraphic trap, with…

    Read more
  • Australia Bucks Climate Trend with Plan to Subsidise Natural Gas and Coal

    Australia’s federal government is proposing what amounts to a subsidy to coal- and natural gas-fired power generation, in a bid to solve a problem the country’s energy market operator says doesn’t exist.   The conservative Liberal-National coalition government of Prime Minister Scott Morrison is backing…

    Read more