Vietnam has cancelled a major oil project in the South China Sea for the second time in a year, in the wake of Chinese pressure, according to a BBC report. State-owned PetroVietnam ordered Spanish energy firm Repsol to suspend a project off the south-east…
AIM-listed UK Oil & Gas Investments (UKOG) has announced that it has been informed by Horse Hill Developments Ltd (‘HHDL’), the operator of Horse Hill licences PEDL137 and PEDL246, containing the Horse Hill-1 (‘HH-1’) oil discovery, that it has now received final decision notices from…
Asset lifecycle services specialist Bilfinger Salamis UK has been awarded a ‘multimillion-pound’ contract for technical manpower services on Shell UK Limited southern North Sea (SNS) assets. Bilfinger said on the 21st March that the three-year contract covered the execution of maintenance operations services on…
China’s state-run national petroleum company has signed a deal worth US$1.18 billion for stakes in two oil and natural gas concessions in the United Arab Emirates’ capital of Abu Dhabi. The state-owned Abu Dhabi National Oil Company has signed the 40-year deal with China…
The East Mediterranean could become a hub to export gas to Europe — and the fastest and cheapest way to do that is to utilize idle processing plants in Egypt, a senior executive with Italian energy company Eni said on the 21st March. Eni’s…
PetroChina will take ten percent stakes in two of Abu Dhabi National Oil Company’s offshore concessions under a 40-year agreement signed on the 21st March. PetroChina paid a participation fee of 2.1 billion dirhams (US$575 million) for the Umm Shaif and Nasr concession and a fee…
Statoil has permission from Norway’s Petroleum Safety Authority to use the Aasta Hansteen spar platform, subsea systems, and infield pipelines in the northern Norwegian Sea, 300 kilometres (186 miles) from the Nordland county coast. Water depth in the area is 1,270 metres (4,166 feet)….
A group led by ConocoPhillips has received regulatory approval from Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for its proposal to develop the Barossa gas-condensate field in retention lease NT/RL5 in the eastern Timor Sea 300 kilometres north of Darwin. NOPSEMA…
AM Best affirms ratings of Malaysia’s national oil company’s captive Ratings agency AM Best has affirmed the Financial Strength Rating of A (Excellent) of Energas Insurance, the sole captive insurer of Petroliam Nasional Berhad, Malaysia’s national oil and gas company. The outlook of the ratings…
Vattenfall has announced that it has been awarded the permit for the Hollandse Kust Zuid offshore wind farm. In December, Vattenfall submitted a bid for this first non-subsidised wind farm in the Netherlands. Vattenfall plans to continue developing the wind farm of 700 –…
