News

  • Vestas Wins 75 MW Order in Ireland

    Vestas has secured an order for the 75 MW Cloncreen project in Ireland from the Irish climate solutions company Bord na Móna.   The contract includes supply, installation and commissioning of 21 V136-3.45 MW wind turbines in 3.6 MW operating mode in combination with a…

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  • Insurance Jottings

    Class of 2020 start-ups dominate energy liability market entrants ERS, Convex, Inigo, Sirius, White Bear, Conduit, Vantage and Ki are among those expected to enter the energy liability market in 2021, according to broker Miller, with some already writing new business.   IMB 2020 Piracy…

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  • Alberta Eyes Payback from US

    The oil-rich Canadian province which was hit hard by Joe Biden’s move to kill the Keystone XL pipeline is considering seeking compensation from the US through an old free-trade rule which is still in place. Alberta, which spent C$1.5 billion (US$1.2 billion) to help jump start construction…

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  • Equinor strikes oil and gas near Troll field

    Equinor and partners DNO Norge, Petoro and Wellesley Petroleum have struck gas and oil in production licence 923, the first discovery this year made near the Troll field in the North Sea.   Recoverable resources are estimated at between 7 and 11 million standard cubic…

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  • CNOOC aiming for 19 offshore field start-ups in 2021

    CNOOC achieved record high production last year of 528 MMboe.   This year the company is targeting 545-555 MMboe net, with China and overseas accounting for respectively 68% and 32%.   It also plans to drill 217 exploration wells and acquire around 17,000 square kilometres…

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  • Saudi Crude Gets Pricier for Some Buyers

    Saudi Arabia has kept oil pricing unchanged for its main market of Asia, defying expectations of a cut after a key OPEC+ committee expressed confidence that crude supply and demand are re-balancing.   State oil producer Saudi Aramco left its Asia pricing for March at…

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  • Neptune picks up permit for North Sea appraisal well

    The Norwegian Petroleum Directorate (NPD) has granted Neptune Energy a drilling permit for an appraisal well offshore Norway.   The well 34/4-16 S will be drilled from the Deepsea Yantai drilling rig after drilling development wells on the Gjøa field.   The drilling programme for…

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