News

  • Abu Dhabi Invests US$2.1 billion in Adnoc Pipelines

    Abu Dhabi institutional investors are paying US$2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Company, adding to the cash the government energy producer has raised from infrastructure assets.   Abu Dhabi Pension Fund and holding company…

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  • PSA probes two North Sea well incidents

    Norway’s Petroleum Safety Authority (PSA) is investigating two recent drilling incidents in the North Sea.   One occurred on the 20th September at the Gjøa field, operated by Neptune Energy. The drillstring of production well 35/9-G-4 H, drilled by the Odfjell-operated semi-submersible Deepsea Yantai, became…

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  • 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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