News

  • Zenith Energy announces termination of exploration in Azerbaijan

    Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has announced that, in agreement with SOCAR (State Oil Company of the Azerbaijan Republic), the Contract Exploration Area (‘CEA’) of its 25-year REDPSA (Rehabilitation, Exploration, Development and Production Sharing Agreement)…

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  • People in the News

    RLI Promotes Ahrens to VP, Inland Marine Specialty insurer RLI Corporation, based in Peoria, Illinois, has promoted Blake Ahrens to vice president, Inland Marine,.   Mr Ahrens previously served as assistant vice president, Inland Marine. In his new role, he will continue to lead RLI’s…

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  • Scotland Claims World First by Using Wind Power to Turn Lights Back on

    Scottish energy company ScottishPower Renewables has said that it has achieved a “pioneering world first” by using power from the Dersalloch wind farm to re-energise a blacked-out section of the country’s power grid.   ScottishPower, a subsidiary of Spanish energy giant Iberdrola, which has recently…

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  • Qatar Makes Pioneering LNG Deal with Singapore

    Qatar and Singapore has  the first long-term liquefied natural gas deal which details pollution from the fastest growing fossil fuel.   The accord is the latest sign of how the gas industry is focusing on getting cleaner. Even if the fuel is much less polluting…

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  • Noble Corporation preparing to emerge from bankruptcy

    Offshore drilling contractor Noble Corporation is preparing to emerge from Chapter 11 bankruptcy with a temporary name change to allow continued use of its name upon emergence.   Noble Corporation said on the 6th November that it had changed its name to Noble Holding Corporation…

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  • Shell on track to drill North Sea Pensacola well

    Shell has reaffirmed to partner Deltic Energy and the Oil and Gas Authority (OGA) its commitment to drilling the Pensacola gas prospect in the UK southern North Sea in late 2021.   According to Deltic, the well on licence P2252 could be a potential play-opener….

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  • Arctic gas discovery delivers record flow rate

    Flow tests continue on Gazprom’s Leningradskoye discovery well in the Kara Sea offshore north-west Russia.   Current tests are focused on the upper levels of the well, with flow rates having exceeded 1 MMcm/d of gas.   This is a record-high for any field on the Russian Arctic…

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  • Greenland Opens Offshore Areas for Drilling

    Declaring Greenland “back on the oil track,” the Danish territory’s government reported on the 3rd November that it is opening up three new offshore areas for exploration.   “With the new geological data pack and government take structure, and the very promising petroleum potentials, I…

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