Pars Oil and Gas Company has installed a second single point mooring at the South Pars gas field in the Persian Gulf, according to news service Shana. The system, with a loading capacity of 7,000 cu m/hr (247,203 cf/hr) of gas condensate, was installed…
A Bahamian justice official has declined to grant orders requested by environmental groups that would impact the offshore Perseverance #1 well. According to operator Bahamas Petroleum Company (BPC), this means that the present drilling operation will continue. However, an application against the government…
With reference to company announcement no. 47/2020 of 31 December 2020, Vestas has received a 504 MW order for an undisclosed project in Colombia. The contract includes the supply and installation of 90 V162-5.6 MW EnVentus wind turbines, as well as a 15-year Active…
Scotland could see what is claimed to be its first hydrogen-powered train running during COP26 in Glasgow during November. The British hydrogen technology company Arcola Energy and a consortium of industry-leaders in hydrogen fuel cell integration, rail engineering and functional safety have been appointed…
ExxonMobil has started drilling at the Bulletwood-1 wellsite on Canje block, offshore Guyana. The block lies 180 km offshore in 1,700-3,000 metres of water adjacent to Stabroek block. Bulletwood-1 is a 500 million bbl oil prospect targeting a Liza lookalike, confined channel complex…
Aquiline-backed ERS continues specialty build-out with Hiscox’s marine and energy underwriter Lloyd’s managing agent ERS has continued on its hiring spree as it expands beyond its traditional motor focus, adding another Talbot alumnus to its ranks in the form of Phil Furlong. Aviva adds…
Saudi Arabia and three other Arab states agreed to fully restore ties with neighbouring Qatar on the 5th January after a sustained US push for the countries to unite against Iran. The breakthrough ending a dispute among some of the world’s top oil and…
Trafigura Group’s purchase of a stake in Rosneft PJSC’s flagship Arctic oil project was funded by a US$7 billion loan organised by a Russian bank, according to documents which shed new light on the trading house’s biggest-ever deal. The two companies said last week…
Russia’s oil production declined last year for the first time since 2008 and reached its lowest level since 2011 following a global deal to cut output and low demand due to the coronavirus. According to an article by Reuters, Russian oil and gas condensate…
The Abu Dhabi National Energy Company says it has reached a successful financial close on the 2GW Al Dhafra Solar PV project, set to be built approximately 35 kilometres from Abu Dhabi city. The 2GW Al Dhafra Solar Photovoltaic (PV) Independent Power Producer (IPP)…
