News

  • Liza Destiny FPSO arrives in Guyana

    Liza Destiny FPSO has arrived in Guyana. After clearing customs, the vessel will be connected to the spread mooring system before hook-up and installation begins in preparation for Guyana’s oil by early 2020.   The Liza Destiny FPSO is designed to produce up to 120,000…

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  • PTT Seeks Partnerships with Middle East Producers

    Thailand’s state-controlled oil and gas company PTT is looking to resource-rich countries in the Middle East to help meet the country’s growing energy demand.   PTT is exploring partnership possibilities with Middle East countries which it could finalise in the next few years, Chief Executive…

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  • Polish company spuds first Norwegian well as operator

    On the 30th August PGNiG Upstream Norway started drilling an exploration well on the Shrek prospect located in the Norwegian Sea, for the first time in the role of the operator.   Before starting the drilling operations on the Shrek well, which is located in…

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  • PSA approves North Sea Sverdrup oil preparations

    Equinor has approval from Norway’s Petroleum Safety Authority (PSA) to begin using the oil export facility at the Johan Sverdrup field in the central Norwegian North Sea.   Production from the four-platform, first-phase development is due to start later this year.   In addition, the…

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  • In Poland, The Nuclear Option Is Still On The Table

    Poland has toyed with the idea of nuclear power generation for decades. The first serious plans were established and put into action under communism when construction of the nuclear power plant in Zarnowiec took off.   However, slated for completion in 1990, the Zarnowiec project…

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  • Obsidian terminates sale of Peace River Oil interest

    The agreement providing for the sale of Obsidian Energy Ltd’s 55% interest in the Peace River Oil Partnership to Highwood Oil Company Ltd, Calgary, for C$97 million has been terminated as consent to the transfer of the company’s partnership units and consent of transfer of…

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  • Six Offshore Wind Farms the Size of Nuclear Power Plants

    Everything about offshore wind just keeps getting bigger.   Last month alone, New York awarded America’s single-largest renewables procurement to offshore wind, and General Electric unveiled the world’s largest-ever turbine nacelle, also for offshore wind.   Offshore wind projects, meanwhile, are already exceeding the capacity…

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  • Jadestone tendering for offshore Vietnam gas project

    Jadestone Energy has completed front-end engineering design (FEED) for the offshore facilities and pipelines for its proposed Nam Du/U Minh gas development off Vietnam.   Earlier, the company submitted an environmental impact assessment for the project.   The company is tendering for the major contracts…

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  • Insurance Jottings

    Labuan and Swiss Re partner on event to drive captives in Asia More companies across Asia are open to the idea of using captives, according to officials from the Labuan Financial Services Association and Swiss Re Corporate Solutions.   The pair recently held an event…

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