News

  • Equinor granted Norwegian Sea drilling permit

    Equinor Energy AS has been granted a drilling permit by the Norwegian Petroleum Directorate for an exploration well in the Norwegian Sea.   Well 6407/1-9—the first exploration well in licence 939 – will be drilled from the West Hercules drilling rig about two km north-east…

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  • Oil Minister Says Iran Can Boost Output Rapidly

    Iran’s oil minister has said the country can increase its crude production rapidly, as world powers enter the final stages of negotiations to revive a 2015 nuclear accord with the Islamic Republic.   “The next Iranian government should make it a top priority to raise…

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  • Equinor makes FID for US$8 billion Bacalhau Phase 1 project

    Norwegian oil major Equinor, along with its partners, has decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.   Equinor said on the 1st June that the investment was worth around US$8 billion. Its partners in the project are…

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  • PGS upgrading offshore Cyprus seismic data

    PGS has started work on Phase One of the Cyprus Vision offshore data rejuvenation project, in partnership with the country’s Ministry for Energy, Commerce and Industry.   Under the 14,750-square kilometre (5,695-square mile) PSDM re-processing programme, PGS aims to deliver a single data volume over…

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  • Summit Meghnaghat-II Welcomes GE’s First HA Gas Turbine in Bangladesh

    In line with Summit’s commitment to continue transforming the power sector in Bangladesh by adopting advanced technology solutions, the company has successfully brought GE 9HA.01 heavy-duty gas turbine at its upcoming Summit Meghnaghat II power plant located in Meghnaghat, near Dhaka.   Meeting the project…

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  • Shell Court Decision Emboldens Climate Lawyers

    Climate lawyers are gearing up to take on more fossil-fuel companies after a Dutch court ordered Royal Dutch Shell Plc to cut its emissions on the grounds that the oil giant is violating human rights by contributing to global warming.   “We are already supporting other organizations to set up similar…

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  • Total, Chevron act on Myanmar developments

    Moattama Gas Transportation Company has suspended cash distributions to its shareholders, following a proposal by the two main partners Total and Chevron.   The other participants are PTTEP and MOGE.   MGTC’s gas transportation system takes gas produced from the Total-operated Yadana field offshore Myanmar…

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