News

  • New report identifies five key changes in Gulf of Mexico E&P

    A new analysis on Gulf of Mexico E&P activities offered by Wood Mackenzie foresees a difficult year ahead in 2020 but with possible recovery taking place next year.   The new report, entitled “After the crash: five key changes in US Gulf of Mexico,” discusses…

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  • NOC confirms restart of production at Sharara oil field

    Libya’s National Oil Corporation (NOC) has confirmed the return of production at the Sharara oil field south of the country, after lengthy negotiations by the NOC to reopen the Hamada valve, which had been illegally closed last January- resulting in the shutdown of production and…

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  • Premier, BP slash consideration in revised North Sea deal

    Premier Oil Plc has agreed, in principle, on revised terms of a January deal to acquire Andrew area and Shearwater assets in the North Sea from BP Plc.   The structure of the consideration and phasing of payments are being adjusted to reflect the material…

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  • New Canada Regulation Aims to Streamline Offshore Permitting

    The Impact Assessment Agency of Canada (The Agency), which leads federal reviews of major resources projects and answers to Canada’s Environment and Climate Change ministry, unveiled a new regulatory measure governing exploratory drilling offshore Newfoundland and Labrador (NL) on the 4th June.   The Agency…

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  • Eni in major overhaul as it shifts towards renewable energy

    Italian energy giant Eni has announced a major overhaul of its business as it steps up efforts towards energy transition.   The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will…

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  • Borssele 1 & 2 foundations installed offshore the Netherlands

    DEME Offshore’s installation vessel Innovation has installed 94 foundations at Ørsted’s Borssele 1 & 2 offshore wind farm in the Dutch North Sea.   Installation started in January. Despite COVID-19, the installation was completed on time, DEME said. The Sif site in Rotterdam has been…

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  • Green Hydrogen is an Environmentally Friendly Energy Source

    Landsvirkjun has started the process of developing a hydrogen production facility at the 16MW Ljósifoss Hydropower Station, about 70 km outside of Reykjavík.   Landsvirkjun has presented the possibility to the District Board of Grímsnes and Grafnings District, who can decide whether to permit the…

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  • Subsea 7 contract offshore Netherlands confirmed

    Subsea 7 has confirmed the award of a substantial (1) contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project.   As previously announced on 23 April 2020, the contract was subject to the client’s final investment decision, which has now…

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  • NZOG looking to acquire assets in Australia and New Zealand

    New Zealand Oil & Gas (NZOG) is looking to increase its portfolio through the acquisition of producing assets, developing projects, and exploration prospects.   NZOG said in its strategic review on the 4th June that the future direction of the company would be to assess…

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