Russia and Norway have signed an agreement on mutual rights to seismic acquisition in the Barents Sea. The agreement was signed on the 25th October by the Norwegian Minister of Petroleum and Energy Kjell-Børge Freiberg and his Russian colleague, Minister of Natural Resources and…
Vestas has received an order from long-term customer Eolus Vind AB for the Bäckhammar project located in the municipalities of Kristinehamn and Degerfors in Sweden. Utilising Vestas’ product portfolio’s versatility, the project combines 22 V136-4.2 MW turbines and nine V150-4.2 MW turbines to optimise…
The Nordex Group has received orders from Nordic’s largest project developer, OX2, for four projects in Finland, with a total installed capacity of 107.4 MW. IKEA Retail Finland, part of INGKA Group, is funding the construction, with the intention to acquire the projects when…
Petrobras has started oil and gas production from the Lula Extremo Sul area in the presalt Santos basin offshore Brazil. The producing FPSO P-69, the eighth unit installed on the Lula field, is stationed about 290 kilometres (180 miles) off the coast of Rio…
Lawyers for Exxon Mobil Corporation stood before a New York judge in August and told the state’s attorney general to “put up or shut up” after investigating the company’s public disclosures about climate change, saying it should sue the company or move on. On…
Saudi Aramco has announced that it has signed 15 Memoranda of Understanding (MoU) and strategic and commercial collaborations valued at more than US$34 billion. The deals, which can be seen below, are with 15 international partner companies and entities from eight countries in three…
Global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade, according to new research from Wood Mackenzie. Malcolm Dickson, director, upstream oil and gas, said: “companies will need to start…
BiSN has achieved a world first in conjunction with Aker BP and Altus Intervention, through the deployment of the largest ever bismuth plug. The company’s Wel-lok M2M technology, which can be used during well and rigless well abandonment, was deployed via E-line in collaboration…
Initial production rates at the BW Energy-operated Tortue field located in the Dussafu Marin PSC, offshore Gabon, are fully in line with expectations. The Dussafu licence is operated by BW Energy Gabon (BWEG), which holds a 91.667 percent interest, while Panoro holds an 8.333…
Partners in the SNE field offshore Senegal have submitted the development and exploitation plan to the government with approval targeted later this year. The Joint Venture comprises Cairn as current operator with a 40% Working Interest (WI) alongside partners Woodside 35% WI, FAR Ltd…
