News

  • Jadestone acquires Malaysian assets from SapuraOMV

    Jadestone Energy Plc expects to implement reservoir optimisation and production enhancement activities across two licences on which it gained operatorship through an agreement to acquire Malaysian interests from SapuraOMV Upstream Sdn Bhd.   For US$9 million total initial cash, Jadestone will acquire interests in four…

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  • APT to provide wells analysis to Chrysaor offshore Norway

    Chrysaor Norge, a subsidiary of Harbour Energy, has awarded Applied Petroleum Technology (APT) a frame agreement covering geochemical and biostratigraphic analyses on the Norwegian continental shelf.   APT will provide the services to support Chrysaor’s E&P activities offshore Norway, including interpretation of drilling samples and…

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  • Westpac Takes ‘Small First Step’ Towards Oil and Gas Divestment

    Westpac has told oil and gas producers it will no longer accept them as new customers unless they have clear, publicly-documented strategies to align their activities with the Paris climate goals.   It follows similar announcement by the Commonwealth Bank of Australia, and signals the…

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  • Cable Failures Hit Offshore Wind Farms

    Building power plants in the middle of the sea was never going to be easy.   The world’s largest developer of offshore wind farms Orsted A/S has found that some of its cables connecting to wind farms have been damaged by scraping against rocks on…

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  • ADM Energy takes control of Barracuda field off Nigeria

    Oil and gas investment company ADM Energy has completed the acquisition of a controlling interest in a risk-sharing agreement for the development of the Barracuda field.   ADM said on the 28th April that it now owned a 51 per cent interest in KONH UK…

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  • NKNK lets contract to expand existing Tatarstan olefins complex

    TAIF Group subsidiary PJSC Nizhnekamskneftekhim (NKNK) has let a contract to Lummus Technology LLC to deliver technology licensing and engineering services for a series of new units to be built as part of an expansion of NKNK’s existing petrochemical complex at Nizhnekamsk, Tatarstan.   As…

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