After rebounding in second quarter of 2019, US upstream mergers and acquisitions (M&A) activity maintained its momentum in third quarter, according to analysis released on the 2nd October by oil and gas data analytics company, Enverus. Deals surpassed US$17 billion in the third quarter,…
Belgian engineering firm Tractebel, part of Engie, is developing a concept for an offshore platform which would convert power produced from offshore wind farms into hydrogen (H2) using electrolysis. “Delivering up to 400 MW, this kind of plant exceeds the output of previous technologies…
Most of the subsea facilities are now in place for Zennor Petroleum’s Finlaggan gas-condensate development in the UK central North Sea. The project, in blocks 21/05c and 21/05d, licence P2013, is targeting 30 MMboe through two subsea production wells tied back to the Britannia…
Cadogan Petroleum, an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, has announced that it has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of US$2.8 million. Gazvydobuvannya…
Ecuador, one of OPEC’s smallest members, will leave the group in January as it seeks to increase revenue from crude oil sales. Ecuador has not been adhering to OPEC quotas as it seeks to boost production, which has held around 530,000 barrels a day…
Aker BP has been given consent to start up the Valhall West Flank platform in the North Sea offshore Norway. The Norwegian Petroleum Directorate said on the 2nd October that the start-up of the Valhall West Flank facility in the North Sea would take…
French power group EDF has said the new nuclear plant it is building at Hinkley Point C in south-western England will cost up to £2.9 billion more than previously estimated due to challenging ground conditions at the site. This raises its estimate for the…
Production is resuming at Hibernia oil field offshore Newfoundland and Labrador after a second shutdown forced by an oil release, Hibernia Management & Development Company Ltd, the operator has reported. Output ceased on the 17th July after a spill from a storage cell. The…
The oil and gas industry is making headway in realising the potential of IoT by making things much easier for companies to carry out their daily operations. Benefits of using IoT in oil and gas operations. Here’s how the use of IoT(the Internet…
Saudi Aramco is producing more than 9.9 million barrels a day of crude as it fully recovers from the worst ever attacks on its energy infrastructure. Output reached that level on the 25th September and is a “little bit” higher now, Ibrahim Al-Buainain, chief…
