News

  • Permian Still Booming Despite Hurdles

    The Permian Basin is the energy-producing juggernaut behind the US shale revolution.   This vast oil and gas play stretches over 75,000 square miles from West Texas into south-eastern New Mexico. The Permian can be split into two sub-basins, the Delaware in the west and…

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  • South Africa Celebrates Opening of Another Solar Plus Storage Plant

    French electric utility Engie has completed and begun production from one of South Africa’s largest renewable energy projects, the 100MW Kathu Solar Park, a concentrated solar plant (CSP) with storage located in the Northern Cape province.   The Kathu Solar Park consists of parabolic trough…

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  • Soco abandons Ophir Energy takeover pursuit

    Soco International, a London-listed oil and gas exploration and production company, has decided not to make an offer for Ophir Energy after its original all-share proposal was rejected in January.   Soco said on the 6th March that it tabled a formal proposal to Ophir’s…

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  • PDVSA’s Caribbean Footprint Is Waning

    Despite sitting on top of the world’s largest crude reserves, the reach of Venezuela’s state-owned oil company is receding.   In the 1980s Petroleos de Venezuela SA started an international expansion with the objective of finding new outlets for its growing oil production.   The…

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  • Kvaerner continues Njord A platform overhaul

    Upgrades to Equinor’s Njord A semi-submersible production platform are progressing to plan, according to contractor Kvaerner.   This is part of a programme to extend the life of facilities in the Njord field area of the Norwegian Sea.   The drilling derrick and compensator module…

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  • Aker Energy discovers oil with Pecan South-1A well offshore Ghana

    Aker Energy has reported an oil discovery with its Pecan South-1A well on the Deep-water Tano Cape Three Points (DWT-CTP) block offshore Ghana.   The Maersk Viking drillship will drill a side-track appraisal well, said block operator Aker Energy.   The Pecan South-1A is south…

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