DNO has announced the acquisition of ExxonMobil’s 32 percent interest in the Baeshiqa licence in the Kurdistan region of Iraq. The deal, which is pending government approval, doubles DNO’s operated stake to 64 percent and sees ExxonMobil exit the asset. DNO said it plans…
Owner of the Harland & Wolff shipyards, InfraStrata, is acquiring the assets of Scotland’s Burntisland Fabrication (BiFab) at Methil in Fife and Arnish in Western Isles. BiFab officially went into administration in December 2020 after a deal for jacket foundation work for the Neart…
Kongsberg Maritime has signed a letter of intent with Brodosplit Shipyard and DIV Group in Croatia concerning a newbuild subsea construction vessel. Triumph Subsea Services has commissioned the ST-269 vessel, with an option for three more vessels of the same design. This will…
PKN Orlen SA subsidiary Orlen Lietuva AB has let a contract to DuPont Clean Technologies, a division of E I DuPont de Nemours & Company, to provide technology licensing for a grassroots alkylation unit to be built at its 10-million tonnes/year refinery in Mažeikiai, Lithuania….
How can US transmission grids and wholesale energy markets adapt to the gigawatts of energy storage coming online over the next decade? In the near future, the scale of the batteries serving US power grids is set to explode, increasing from about 1.5 gigawatts…
Vestas is the global leader in onshore wind. However to continue to lead the expansion of wind energy into becoming the dominant energy source, it is crucial for Vestas to become a leader in offshore wind. This journey was launched with the full acquisition…
The US Energy Information Administration (EIA) expects Brent crude oil prices will average US$56/bbl in first-quarter 2021 and US$52/bbl over the remainder of the year. The forecast, part of EIA’s February Short-Term Energy Outlook (STEO), also included the expectation of lower oil prices later…
PTT Exploration and Production (PTTEP) has awarded Petrofac’s Engineering and Production Services (EPS) business a well project management contract for work in the Vulcan Basin offshore North West Australia, Petrofac reported on the 9th February. Petrofac stated the contract calls on it to provide…
Norwegian Ministry of Petroleum and Energy has approved a revised plan for development and operation (PDO) for partial electrification of the Equinor-operated Sleipnir field centre located off Norway. Equinor, as the operator of the Sleipnir field, made an investment decision to partly electrify the…
PTTEP has confirmed its largest-ever gas discovery with the Lang Lebah-2 appraisal well on the SK410B block offshore Sarawak, Malaysia. The company discovered gas with the Lang Lebah-1RDR2 exploration well in 2019. The appraisal well was completed in mid-January 2021. It was drilled…
