News

  • Majors withdraw from two offshore Kazakhstan mega-projects

    The future of two projects in the Kazakh sector of the Caspian Sea is uncertain following multiple withdrawals by the various partners.   Shell decided to exit the Khazar project and the Kashagan consortium is pulling out of the Kalamkas More development.   Ashley Sherman,…

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  • Fugro enters the South Korean offshore wind farm market

    Fugro has signed a Memorandum of Understanding (MoU) with Underwater Survey Technology 21 (UST21) in a move which opens up the South Korean offshore wind farm market.   Growing demand for alternative energy sources has led South Korea to explore its potential for wind energy,…

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  • Atrush field reaches 45,000 bo/d of production in Kurdistan

    Total oil production from Atrush field in Iraq’s Kurdistan region has reached 45,000 b/d, reported Vancouver-based ShaMaran Petroleum Corporation, holder of a 27.6% working interest in Atrush block.   The field, which lies 85 km north-west of Erbil, is one of the largest new oil…

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  • Global Solar PV Market Set for Spectacular Growth Over Next 5 Years

    The installation of solar PV systems on homes, commercial buildings and industrial facilities is set to take off over the next five years, transforming the way electricity is generated and consumed, according to the International Energy Agency’s latest renewable energy market forecast.   These applications…

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  • Jadestone submits plan for two offshore Vietnam gas fields

    Jadestone Energy Inc has submitted a development plan for the Nam Du and U Minh gas fields offshore south-western Vietnam.   Assuming PetroVietnam’s endorsement, the plan will then require approval from the Vietnamese government, but Jadestone expects to get the go-ahead later this year.  …

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  • Temasek in bid to take control of Keppel

    Temasek, the Singaporean investment company owned by the Government of Singapore, has announced its plans to buy a controlling interest in Keppel Corporation.   Temasek, which currently owns 20,45 percent in Keppel, intends to offer S$7.35 per share for 30,55% Keppel shares, an offer estimated…

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  • Equinor sends first Johan Sverdrup oil to Mongstad

    Oil from the giant Johan Sverdrup field in the North Sea off Norway has arrived at the Mongstad plant north of Bergen.   Equinor started production from the giant Johan Sverdrup field in the North Sea on Saturday, the 5th October, more than two months…

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  • Offshore Robot Initiative Wins Pledges from Operators

    Total E&P and Equinor have committed to deploying robots within their future site operations, the UK-based Oil and Gas Technology Centre (OGTC) reported on the 21st October.   Other members of the initiative to develop what reportedly will be the world’s first Offshore Work Class…

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