News

  • NZOG relinquishes last remaining licence outside Taranaki

    New Zealand Oil & Gas (NZOG) has relinquished the Toroa petroleum exploration permit, the final permit located outside the Taranaki Basin.   The Toroa permit, or as it is precisely named – Petroleum Exploration Permit 55794, contains the Kaipatiki prospect and is the last of…

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  • UK North Sea Deals Boom

    In just over two months, North Sea deal-making has surpassed last year’s total as companies look to make the most of crude’s emergence from the pandemic-induced slump.   Disclosed oil and gas acquisitions have reached US$2.7 billion this year, according to consultant Wood Mackenzie Ltd….

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  • Eni sells Pakistan assets to Prime International

    Eni agreed to sell its shares in its entities in Pakistan to Prime International Oil & Gas Company, a newly established company formed by former Eni employees and Hub Power Company Ltd, the largest independent Pakistani power producer.   The activities covered by the agreement…

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  • Subsea Pipeline Could Double Israeli Gas Exports to Egypt

    A subsea pipeline which would connect Israel’s Leviathan gas field to Egyptian liquefied natural gas (LNG) terminals could double Israel’s gas export capacity to Egypt, the Israeli energy minister said on the 9th March.   Israel started exporting gas to Egypt at the beginning of…

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  • SUCO introduces world’s most compact Ex pressure switch

    The new series 0342/0343 is certified according to ATEX Directive 2014/34/EU and IECEx scheme for the ex zones gas 1+2, dust 21+22 and mining.   By reducing the ignition gaps to a minimum, the Ex pressure switches are assigned the ignition protection type “Flameproof Enclosure…

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  • Belgian firms test drones at Rentel offshore wind farm

    DEME Offshore and Sabca have performed tests with autonomous drones at the Rentel offshore wind farm in Belgium.   The pilot study is said to be the first commercial, cross-border, ‘beyond visual line of sight’ drone operations at an offshore wind farm in the North…

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  • ExxonMobil set to spud new Guyana well

    Oil major ExxonMobil is nearly ready to start drilling operations on the second of three exploration wells scheduled to be drilled at the Canje Block offshore Guyana this year.   Bulletwood-1 was the first of three wells scheduled to be drilled on the Canje block…

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  • Shell strikes US$926 million deal

    Cairn Energy Plc reshuffled its portfolio, selling US$460 million of assets in the UK North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc.   Both deals, announced on the 9th Marh and seen completing in the second half of 2021, follow…

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  • Chevron starts production at Sarta well in Kurdistan

    Chevron has started production of the Sarta-2 well at Sarta field in the Kurdistan region of Iraq, partner Genel Energy said on the 8th March.   Gross field production is more than 10,000 b/d. Field production is expected to increase from the existing two producing…

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