News

  • Santos and Oil Search agree to implement merger

    Santos Ltd and Oil Search Ltd have entered into a Merger Implementation Deed under which the two companies will combine via a Scheme of Arrangement.   The move follows the companies successfully completing reciprocal confirmatory due diligence which began on the 6th August and was…

    Read more
  • World’s largest economies are surpassing pre-Covid oil demand

    Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity.   Oil demand in China, the world’s top energy consumer, will be 13% higher next quarter than…

    Read more
  • Russian Oil Shipments to USA Set to Surge

    The prolonged shutdown of Gulf of Mexico oil production in the wake of Hurricane Ida is creating an opportunity for Russia to expand its share of the US oil market.   Imports of Russian oil Urals to the US are set to increase in September…

    Read more
  • Siemens Gamesa unveils recyclable wind turbine blade

    Siemens Gamesa has introduced the world’s first recyclable wind turbine blade for commercial use offshore.   The company has produced the first six 81-metre (266-foot) long RecyclableBlades at its blade factory in Aalborg.   Many wind turbine components, such as the tower and nacelle, have…

    Read more
  • Var Energi granted Barents Sea drilling permit

    Var Energi AS has been granted a permit by the Norwegian Petroleum Directorate to drill in Barents Sea production licence 901.   Well 7122/6-3 S – the first exploration well to be drilled in the licence – will be drilled from the Scarabeo 8 rig…

    Read more
  • Lebanon to Get Egyptian Gas via Pipeline in Plan to Ease Crisis

    Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on the 8th September to ease a crippling power crisis.   The plan, which an Egyptian minister said would be implemented…

    Read more