News

  • Energean pushing ahead with Epsilon development offshore Greece

    Energean will pursue a revised shallow-water tieback development of the Epsilon field offshore western Greece, subject to finalization of a funding package.   The estimated Phase 1 capex is around US$70 million, including construction of the Lamda platform and completion of three pre-drilled production wells….

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  • The East African Crude Oil Pipeline Is Under Construction

    According to the announced development plan, the East Africa Crude Oil Pipeline will transport crude oil produced in Uganda’s oil fields to the port of Tanga, Tanzania. The project is expected to be officially put into use in 2025, when the energy transmission channel from…

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  • Oil Rises as Investors Track Iran Talks and Virus

    Oil advanced above US$64 a barrel as more signs that the US. economy is rapidly bouncing back from the pandemic outweighed concern a revival of the Iranian nuclear deal will lead to an increase in global supply.   West Texas Intermediate was 0.8% higher, after…

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  • Maersk Supply Service entering Norwegian market

    Maersk Supply Service says it will reflag one of its M-class anchor handling vessels to the Norwegian flag, hire Norwegian crew, and set up an office in Bergen.   The plan is to have its first vessel ready for operation in Norwegian waters during summer…

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  • Wintershall Dea Makes Significant Discovery

    Wintershall Dea has announced that it has made a significant gas, condensate, and oil discovery at the Dvalin North prospect in the Haltenbanken area of the Norwegian Sea.   The Dvalin North find, which is just over seven miles from the company’s operated Dvalin field,…

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