UK authorities have approved the decommissioning plan for the subsea infrastructure and associated infield pipelines on the Chrysaor-operated MacCulloch field, located in the UK North Sea. The decommissioning plan draft for the MacCulloch field was submitted by former operator ConocoPhillips back in June 2019….
Equinor Energy AS and its partners will drill an appraisal well in the northern North Sea to determine whether an oil and gas discovery at Echino South, three kilometres south-west of Fram field, will be tied back to existing Troll-Fram infrastructure. Preliminary estimates place…
China National Nuclear Corporation (CNNC) is a nuclear power plant constructor and operator specialising in nuclear defence, nuclear power, nuclear fuels and nuclear technologies. According to CNNC, the installation of the Heart for International Thermonuclear Experimental Reactor (ITER), an international big science project only…
Nigeria’s National Assembly has voted through the first-ever change to royalty within the country’s Deep Offshore and Inland Basin Production Sharing Contract (PSC) Act. According to consultant Wood Mackenzie, the main points of the amendment bill are as follows: Replacement of the current…
GE Renewable Energy and the Massachusetts Clean Energy Center (MassCEC) have announced the arrival of a blade which is part of the most powerful offshore wind turbine in the industry at MassCEC’s Wind Technology Testing Center (WTTC) in Boston. The 107-metre blade will undergo…
Sound Energy, the Moroccan focused upstream gas company, has updated investors on the ongoing marketing process in respect of its Eastern Morocco Portfolio. The company announced on the 22nd cay 2019 that, following a decision by its Board to explore monetisation options for the…
Husky Energy has revealed that it has closed the sale of its Prince George Refinery to Tidewater Midstream and Infrastructure for US$215 million in cash, plus a closing adjustment of approximately US$53.5 million. The transaction includes a contingent payment to Husky of up to…
Oil and gas major Shell is buying EOLFI, a French company specialising in floating wind farm project. “This acquisition brings specialist expertise to enhance Shell’s existing wind team and a floating wind pilot project which is an opportunity to leverage our offshore experience and…
The club is aware of several recent piracy incidents in the Gulf of Guinea with incidents being reported off the coasts of Benin and Togo in the past few days. The club would remind all members who may be trading in the Gulf of Guinea…
The economic impact of a fracking ban on shale oil would be somewhat different from the impact on the US gas market, given that lower oil production can be much more easily replaced by imports. At least in theory. As is the case with…
