News

  • Equinor finds oil in first operated Gulf of Mexico well since 2015

    Norwegian oil major Equinor has encountered oil in the Monument exploration well in the US Gulf of Mexico.   Equinor is the operator of the Monument exploration well with a 50% interest and its co-venturers are Petronas’ subsidiary Progress Resources (30%) and Repsol (20%).   The…

    Read more
  • innogy commits to third wind farm offshore Germany

    innogy SE has taken the final investment decision for the construction of the 342-MW Kaskasi offshore wind farm in the German North Sea.   Located about 35 km (22 miles) north of the island of Heligoland, Kaskasi will be the company’s third wind farm offshore…

    Read more
  • Oil Leaps on Potential Global Output Cuts

    Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts this week, though optimism was tempered by concern that the curbs won’t avert a glut.   The OPEC+ coalition including Saudi Arabia will hold a meeting of its members…

    Read more
  • TGS going ahead with offshore north-west Europe 3D survey

    TGS plans to start the Atlantic Margin 20 (AM20) 3D acquisition programme offshore north-west Europe this summer.   The Polarcus Adira, said to be fully optimised for high lateral resolution recording and with two 11-kilometre (6.81-mile) streamers for full waveform inversion (FWI), will acquire the…

    Read more
  • CNOOC announces delay of Flemish Pass drilling campaign

    In another blow to Newfoundland and Labrador’s offshore oil industry, an exploration drilling campaign planned this year for the Flemish Pass has been delayed because of the global pandemic.   That is a setback for an industry hoping to expand the province’s oil industry into…

    Read more