A Turkish survey ship returned to the contested waters of the eastern Mediterranean on the 12th October as deepening frictions with Greece challenge international efforts to defuse the showdown there. The Oruc Reis will carry out seismic studies in an area between the Greek…
Oil and gas exploration firm Neptune Energy has decided to adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities. Neptune said on the 12th October that the system would improve efficiency and significantly reduce non-productive…
Invictus Energy has announced that the Company is set to commence a field reconnaissance programme in the next fortnight and has completed a further placement for the equivalent of A$220,000 at a share price of US$0.066 with the Mangwana Opportunities Fund under a second tranche…
Global drilling, engineering and technology provider, KCA Deutag (‘KCAD’), has been awarded contracts worth more than US$150 million in Oman, from the country’s leading exploration and production companies. The first award covers the provision of expert manpower for customer-owned rigs, hoists and workshops. In…
A new alliance dedicated to deploying ultra-low-carbon solar energy has announced its formation. Leading renewable energy companies from a diverse cross-section of the solar industry have joined together to launch the Ultra-Low-Carbon Solar Alliance (The Alliance). The Alliance will work to build greater…
Oil production from the basement Lancaster field west of Shetland fell during 3Q, averaging 13,600 b/d compared with 14,300 b/d in 2Q, Hurricane Energy revealed in its latest update. This was due to a shut-in of one of the two early production wells (205/21a-7z)…
Political risk “difficult new contributor” to nat cat losses: PCS The role political risk plays in relation to natural catastrophes losses requires much more consideration by the (re)insurance community, a new report by PCS has highlighted. As Delta approaches the US, a new report…
World oil demand will plateau in the late 2030s and by then begin to decline, the Organisation of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook. OPEC said on the 9th October that the plateau and subsequent decline would be…
Poland’s antitrust watchdog has slapped a $7.6 billion fine on Gazprom PJSC over the Nord Stream 2 pipeline, opening a new front in the bitter political battle over the natural gas project. The surprise move on the 7th October raises a whole set of legal…
Noble Corporation has announced that the ultra-deep-water drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement (‘CEA’) with ExxonMobil for work offshore Guyana. The Noble Tom Madden was previously contracted until mid-February 2024 and…
