News

  • Siemens Gamesa Seals its First Wind Farm Project in Ethiopia

    Siemens Gamesa has signed its first wind power project in Ethiopia with state-owned electricity company Ethiopian Electric Power (EEP),strengthening its leadership in Africa as the country begins to expand its green energy capacity to meet ambitious renewable targets.   The 100MW Assela wind farm will…

    Read more
  • SNOC, Eni start up Mahani field

    Sharjah National Oil Corporation (SNOC) has started production from Mahani gas and condensate field in the Area B concession of Sharjah.   The start-up is the first step in the further evaluation of the January 2020 onshore discovery.   Production – expected to increase progressively…

    Read more
  • Insurance Jottings

    BaFin issues new rules as UK (re)insurers lose EU passporting rights Germany’s Federal Financial Supervisory Authority (BaFin) has issued new rules preventing UK-headquartered (re)insurers from carrying out cross-border activities in Germany after the Brexit transition period ends.   Industry slams “no use to us” Brexit…

    Read more
  • Venezuelan Oil Exports Crater

    Venezuelan oil exports plummeted last month as US sanctions have left some of the South American country’s cargoes stranded in Asia and competition with fellow OPEC+ members is set to heat up.   A linchpin of the Venezuelan economy, the sales slumped by about half…

    Read more
  • Repsol cleared to start development of Indonesian field

    Indonesian authorities have approved the first plan of development (PoD) for the Kali Berau field development located in the Sakakemang block managed by Repsol.   Indonesian upstream regulator SKK Migas said last week that the government approved the first POD for the Sakakemang Kali Berau…

    Read more
  • Total enters operated exploration permit in Egypt

    An international consortium led by Total and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block in the Herodotus basin, offshore Egypt in the Mediterranean.   This 4,550-sq km block extends 5-150 km…

    Read more
  • IOOC reactivates Salman oil wells offshore Iran

    Iranian Offshore Oil Company has restored production from two wells at the Salman oil field in the Persian Gulf.   According to news service Shana, output from wells 62 and 63 has stabilised with the aid of gas lift.   Source: Offshore Magazine

    Read more
  • Russian Gas Gets New Rival in Europe

    Azerbaijan has started commercial natural gas exports to Europe via the US-backed Southern Gas Corridor, helping the region to diversify supplies away from Russia.   Gas pumped from the BP Plc-led Shah Deniz deposit in the Caspian Sea began flowing into Italy, Greece and Bulgaria…

    Read more
  • SSE sheds North Sea fields to focus on renewables

    Scotland-based energy company SSE has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy.   SSE said that the sale was made through its subsidiary RockRose Energy for a total consideration of £120 million (US$164…

    Read more