News

  • Turkey Conducts Seismic Survey Between Greek Islands

    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…

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  • Neptune Energy to use Halliburton cloud well construction suite

    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…

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  • New Solar Coalition Forms to Advance Ultra Low-Carbon Solar

    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…

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  • Shut-ins slow production at Lancaster west of Shetland

    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)…

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  • Insurance Jottings

    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…

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  • OPEC: Oil demand to decline after plateauing in late 2030s

    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…

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  • US$7.6 billion Fine Raises New Legal Questions for Gazprom

    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…

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  • Noble Corporation announces contract extension with ExxonMobil in Guyana

    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…

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