Equinor’s current activity offshore Norway is an all-time high for the company, said Arne Sigve Nylund, executive vice president for Development and Production Norway at ONS. Sector-wide, optimism is back, he added. “We are on track to deliver to the Norwegian Continental Shelf (NCS)…
GE Energy Financial Services has announced that it facilitated the raising of €90 million in project financing for stage I (100-megawatt) of DTEK Renewables BV Primorskaya wind electricity plant (Primorskaya WEP), located on the Sea of Azov shore in Zaporizhia region, South Ukraine. Bayerische…
Imperial Oil Ltd expects technical improvements to trim emissions of greenhouse gases from its oil sands projects in Canada by 10% during 2016-23. Along with “continuous improvements in energy efficiency,” the company said in a press release, improvements will come from “next-generation oil recovery…
The Hartford to Acquire Specialty Insurer Navigators in US$2.1 Billion Deal The Hartford Financial Services Group has agreed to acquire specialty insurer The Navigators Group in a transaction that values Navigators at approximately US$2.1 billion. Under the terms of the agreement, Navigators stockholders will…
CNOOC achieved eight new discoveries during the first half of the year, including six offshore China and two elsewhere. The company successfully appraised two finds in the hundred-million-tons of oil equivalent-range in the Bohai Bay area of the South China Sea. It also…
A unit of state-owned Pertamina (Persero) of Indonesia is assessing development of an oil and gas discovery named Akasia Maju in the Jatibarang basin of West Java. The Pertamina EP AMJ-001 1 well, drilled to 2,517 metres near Bulak Lor Village, Idramayu Regency, flowed…
Equinor will start production from the Oseberg H platform in September after it received the start-up approval from the Norwegian Petroleum Directorate (NPD) on the 24th August. Oseberg H is a new unmanned wellhead platform which is part of the Oseberg Vestflanken 2 development project…
Bahamas Petroleum, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas has advised that it has received notice from the major international oil company that entered into an exclusivity agreement with the Company, effective 1 May…
The Iranian economy has spiralled out of control since a new set of US-enforced sanctions against trade with Iran went into force on the 7th August, as its currency value has been plummeting ever since while inflation rates are on the rise. Iraqi investors in Iran have been far from…
Siccar Point Energy, Aberdeen, has suspended for use in future development the 204/10a-5 appraisal well in Cambo oil field, 125 kilometres north-west of the Shetland Islands, saying logs and cores confirmed a high-quality reservoir with 23° gravity oil and “petrophysical properties better than anticipated.” …
