News

  • Edgon to farm out further PEDL241 interest to Union Jack Oil

    Egdon Resources Plc has agreed to farmout a 30% interest in onshore UK licence PEDL241 to Union Jack Oil Plc and to jointly pursue a farmout for drilling of the North Kelsey-1 exploration well.   Subject to a successful farm-out process, North Kelsey-1 is expected…

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  • New Caspian Pipeline to Reshape Europe Gas Market

    Europe’s glutted natural gas markets are about to get a fresh source of supply after BP Plc and its partners finished a major new pipeline from Azerbaijan into southern Europe.   The Trans Adriatic Pipeline, or TAP, project is “substantially complete” 4 1/2 years after…

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  • Tulip Oil halves gas production from North Sea field

    Dutch exploration and production operator Tulip Oil halved its gas production from the Q10-A field in the Dutch North Sea during the third quarter of the year when compared with the previous quarter due to a temporary shut-in and lower prices.   The Tulip Oil-operated…

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  • Touchstone announces significant natural gas discovery at Chinook

    Touchstone Exploration has completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago (Touchstone 80% working interest operator, Heritage Petroleum Company 20% working interest) and has announced that the well encountered significant hydrocarbon accumulations based on…

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  • ABS approves Damen crew vessel

    Damen Shipyards Group’s Fast Crew Supplier 2710 has received an approval in principle from ABS.   The company said this is an important step toward its next generation crew transfer vessel being used to support the developing US offshore wind industry.   To achieve the…

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  • PGNiG, ERU move towards hydrocarbon production in Ukraine

    Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) has signed an investment agreement with Energy Resources of Ukraine (ERU) on a joint exploration and production project in Ukraine.   The agreement sets a general framework for cooperation and provides a schedule of further work on a project…

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  • BP starts production at Oman’s Ghazeer gas field

    BP began production from Oman’s Ghazeer gas field, 33 months after development approval.   Ghazeer, Phase 2 of Block 61 development, was initially expected to come into production in 2021.   Hydrocarbons produced during testing and completion were routed to the production facility instead of…

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  • DNV GL, Bluewater pilot test hybrid digital twin for FPSOs

    Classification society DNV GL and FPSO specialist Bluewater have teamed up on a pilot project to use hybrid digital twin technology to predict and analyse fatigue on an FPSO hull.   DNV GL said that the project would quantify the benefits of creating a virtual…

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  • Nord Stream 2 Urgency Diminishes

    Germany won’t need additional gas flows this season, giving Chancellor Angela Merkel and Russian President Vladimir Putin another reason to bide their time on the controversial Nord Stream 2 pipeline.   After two warm winters and the coronavirus pandemic, demand for the fuel used for…

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