More speculator falls in the costs of solar PV and battery storage technologies are ensuring that renewables are not only vastly cheaper than coal and gas power plants on generation costs, but also competitive with fossil fuel generation when it comes to dispatchable generation. …
Start-up at the Lancaster EPS and a fresh exploration drill campaign will be key focal points over the coming months In Thursday’s financial results statement (28th March) Hurricane Energy Plc chief executive Dr Robert Trice highlighted that the offshore oil field developer is set…
Offshore is ready for the limelight again. After years in the shadow of the US shale patch, deep-water explorers from Royal Dutch Shell Plc to Talos Energy Inc, along with contractors such as Ensco Plc and TechnipFMC Plc, told investors at the Scotia Howard…
BHP Group is among the potential bidders for Blackstone Group LP and LLOG Exploration Company’s oil-exploration joint venture Bluewater, according to people with knowledge of the matter. The Bluewater business, which is also attracting interest from closely held Fieldwood Energy LLC, is focused on…
Eni has activated the Inertial Sea Wave Energy Converter production unit at a site offshore Ravenna, eastern Italy. The system is designed to convert energy generated by waves into electricity and is adapted to operate in a variety of sea conditions to ensure high…
The UK taxpayers might have to contribute much more to the cost of decommissioning of offshore oil and gas platforms in the North Sea through tax reliefs than the £24 billion estimated by HMRC, UK MEPs have warned on the 27th March, calling for more…
Lundin Norway has submitted its plan for development and operation for the Solveig oilfield (ex-Luno II) in the central Norwegian North Sea. Solveig in licence PL359, is located 15 kilometres (9.3 miles) south of the company’s Edvard Grieg field centre. Under the phase 1…
Enbridge Inc’s embattled Line 3 crude oil pipeline was given the final green light from Minnesota regulators, just two weeks after the Canadian energy company said the project would be delayed by a year. The Minnesota Public Utility Commission voted unanimously on the 26th…
Lukoil and Inpex Corporation have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic metres of oil…
ION Geophysical has announced a new 2D multi-client reimaging programme off the Pacific coast of Central America. The Maya Reprocessing programme covers unexplored open acreage which has not had E&P activity in 40 years. Previous exploration wells along the margin suggest the presence…
