Researchers from the Technical University of Munich (TUM) will be visiting several villages in Mali every six months in the future. They are studying entrepreneurial activities following the construction of local solar power stations. Project director Frank-Martin Belz, Professor of Corporate Sustainability, explains why…
Shearwater GeoServices has been awarded a contract for a Barents Sea seismic acquisition survey with full data processing by the Norwegian Petroleum Directorate (NPD). Shearwater said on the 9th April that its Reveal software, which the NPD uses in-house, will be used for full onboard…
Rystad Energy estimates a further 35 high-impact exploration wells will be drilled offshore and onshore this year. Three are already under way: The Shell-operated Peroba well offshore Brazil, with a prospective resource estimate of 5.3 Bboe; Eni’s deep-water Kekra well off Pakistan (a potential…
Western Europe’s biggest petroleum producer is falling out of love with oil. To the dismay of the nation’s powerful oil industry and its worker unions, over the weekend the opposition Labour Party decided to withdraw its support for oil exploration offshore the sensitive Lofoten…
Funds affiliated with The Carlyle Group will acquire 30-40% of the Spanish integrated oil, gas, and chemical company Cepsa from sole shareholder Mubadala Investment Company of Abu Dhabi. In a statement, the companies said the deal is “based on an enterprise value of US$12…
In its largest single order to date, Scania will deliver 100 liquified gas trucks to KP Logistik, based in Stavenhagen, Germany. The Scania R 410 tractor units will be evenly split between KP Logistik’s centres in Stavenhagen and Wustermark, near Berlin. The trucks will…
Zennor Petroleum, through its subsidiary Zennor Pathway, is currently developing the 100% owned Finlaggan field in the UK Central North Sea (Blocks 21/05c and 21/05d, Licence P2013). The development project is targeting 30mmboe of gas condensate reserves from two subsea production wells tied back…
Royal Dutch Shell Plc agreed to sell liquefied natural gas to a Japanese utility at prices which include a link to coal, the latest innovation in the booming LNG market where buyers are seeking to diversify risks. In what Shell and its customer, Tokyo…
The final weld has been completed which connects the offshore and near-shore sections of the TurkStream pipeline system in the Black Sea. The above water tie-in involved retrieving the nearshore pipeline and offshore pipeline from the seabed, lifting them above water and welding them together. …
Italian offshore contractor Saipem has been awarded new contracts in offshore drilling in Norway and Middle East totalling over US$200 million. Saipem said on the 4th April that one contract was signed with the German company Wintershall for the drilling of two wells plus…
