Gazprom has named a new gas field discovered last year in the Kara Sea off northern Russia ‘75 Let Pobedy’ (75 Years of Victory). The Skuratovskaya prospect on the shelf of the Yamal Peninsula (north-west Siberia) is thought to hold more than 200 bcm of recoverable reserves. …
Exide Technologies, the global provider of stored electrical energy solutions, has unveiled its new GNB Sonnenschein Lithium Material Handling Battery, optimised for the challenges of the modern warehouse environment. It also introduced its new cloud-based fleet management software, GNB Fleet, which optimises fleet uptime,…
NextDecade Corporation has warned that the COVID-19 pandemic and volatility in the energy markets may adversely affect its business, including efforts to reach a final investment decision (FID) on its 27-million tonne/year (tpy) Rio Grande LNG liquefaction plant in Brownsville, Texas. Prospects for development…
Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s Midland region, about 8% of oil volumes which feed Energy Transfer’s pipe network…
Oil giant Petrobras has made two new oil discoveries in Brazilian offshore waters. In an update on the 11th May, Petrobras said it had confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of…
Technology which has the potential to help the oil and gas industry save millions of pounds by almost trebling the chance of drilling a successful well has taken a major step forward. The results of a North Sea field trial in 2019, carried out…
Van Oord’s heavy lift vessel Svanen has arrived at the Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea. Van Oord entered into an agreement with Vattenfall for the transport and installation of the foundations for the Kriegers Flak wind…
Serica Energy has entered into a contract for the provision of a drilling rig for the intervention work on the Rhum-3 (‘R3’) well on behalf of the Rhum partners. The work will be carried out using the AwilcoDrilling’s WilPhoenix, a third-Generation, Enhanced Pacesetter, harsh-environment,…
Global Clean Energy Holdings Inc.(GCEH) has acquired and plans the immediate conversion of Delek US Holdings Inc subsidiary Alon Bakersfield Property Inc’s idled 70,000-b/d Bakersfield, California refinery into a renewable diesel production plant . GCEH, which closed the deal on the 7th May at a…
In Rigzone’s most recent review of weekly oil market “hits and misses” one market-watcher pointed out that demand is recovering, albeit slowly. In their preview of what to watch this week in the oil market, panellists anticipate limited price growth, more production shut-ins and perhaps…
