News

  • Nord Stream 2 Pipeline is Nearing Its Endgame

    Construction of the world’s most controversial natural gas pipeline is  about to enter the endgame of an energy dispute which has pitted the US against Russia and some of its closest trans-Atlantic allies, satellite images show.   The Nord Stream 2 pipeline, built to increase…

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  • OMV, Equinor cleared to drill offshore Norway

    Two of Norway’s leading offshore operators have secured approval for exploration drilling.   The Petroleum Safety Authority has sanctioned OMV’s plan to drill a well and side-track (6506/11-12 S and 6506/11-12) on the Hades prospect in Norwegian Sea licence PL 644.   The semi-submersible Island…

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  • Base selected for world’s largest offshore wind farm

    Equinor and SSE Renewables, the two companies behind the world’s biggest offshore wind farm Dogger Bank, have announced plans to build a new Operations and Maintenance (O&M) Base at the Port of Tyne.   Dogger Bank Wind Farm will be able to generate around 5%…

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  • Oil & Gas Council: 2020 EMEA Survey

    The Oil & Gas Council has released its 2020 EMEA Survey.   This survey represents the views of 1318 executives representing companies from a cross section of the Oil & Gas industry, from 63 countries. In her welcome to readers, CEO Amy Miller said, “As a…

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  • Premier Oil announces trading and operations update

    Premier Oil has provided a trading and operations update for the period 1 January to 30 April 2020.   As previously announced, the Group’s AGM has been deferred to 25 June 2020 in light of the Government’s public health instructions and stay at home measures…

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  • Oil Market Recovery Could Be Erratic

    The oil market has experienced unprecedented demand destruction, supply cuts and inventory builds in just a matter of weeks. Recovering from recent events will take considerably longer, IHS Markit Energy Advisory Service predicts in a new report.   “It may be hard to comprehend now,”…

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  • Neptune boasts world’s first dual drilling from subsea template

    Oil and gas company Neptune Energy has conducted what it claims to be ‘the world’s first’ dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea.   To remind, Neptune Energy kicked off its Fenja drilling campaign…

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  • Gazprom issues findings on giant gas discovery offshore Russia

    Gazprom has named a new gas field discovered last year in the Kara Sea off northern Russia ‘75 Let Pobedy’ (75 Years of Victory).   The Skuratovskaya prospect on the shelf of the Yamal Peninsula (north-west Siberia) is thought to hold more than 200 bcm of recoverable reserves.  …

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