News

  • Who Controls the Permian?

    There’s been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin’s destiny for many years, but who controls the region now?   Well, according to a new Wood Mackenzie (Woodmac) editorial from the company’s Americas upstream oil and…

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  • Equinor in two oil discoveries offshore Canada

    The worst-kept secret in Newfoundland and Labrador’s oil industry has been confirmed: an exploration drilling campaign this summer in the Flemish Pass Basin has resulted in new discoveries.   The results will likely raise hopes about the future of the Bay du Nord project, which…

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  • Impact Africa granted operatorship approval offshore South Africa

    Impact Africa Ltd has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa, on a 100% operated basis.   ExxonMobil Exploration and Production South Africa Ltd  and Equinor…

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  • Neptune finds more oil at Bue offshore mid-Norway

    The semi-submersible West Phoenix is concluding a current wildcat well for Neptune Energy on the Fenja field in the Norwegian Sea.   According to the Norwegian Petroleum Directorate (NPD), well 6406/12-G-1 H, drilled in 322 m (1,056 ft) of water in licence PL586, is an…

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  • D&Z Acquires EMC Power to Serve Canadian Power Generation Market

    Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defence solutions for leading corporations and governments around the world, has announced the acquisition of EMC Power Canada Ltd (EMC), an Ontario-based specialised trade services and construction company.   The acquisition…

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  • Study finds no progress on many large oil and gas discoveries

    Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group.   The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of…

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