Dubai Electricity & Water Authority will spend 81 billion dirhams (US$22 billion) on energy projects over the next five years, with renewables accounting for a growing share of electricity output, Chief Executive Officer Saeed Mohammed Al Tayer has said. Last week DEWA awarded a…
Noble Energy, Inc, has announced that its board of directors has authorized a US$750-million share repurchase programme. In addition, the Company has executed an agreement to sell its deep-water Gulf of Mexico assets to Fieldwood Energy LLC for a total value of US$710 million. …
Faroe Petroleum has provided an update on its exploration and field development programmes offshore Norway. Results are due in the next few weeks from OMV’s Iris/Hades well (Faroe 20%) which spudded last November, targeting two separate formations (one Cretaceous and the other Jurassic). …
Ørsted formerly Dong Energy, has selected Siemens Gamesa Renewable Energy (SGRE) as exclusive supplier for the wind turbines for Hornsea Project Two, which will be the world’s biggest offshore wind farm when operational in 2022. The project will deploy the SGRE eight megawatt (MW)…
Despite one hurricane, one winter storm and wave heights of up to 8.2 meters, Hywind Scotland, the world’s first floating wind farm, performed better than expected in its first three full months in production. The 30MW wind farm, operated by Statoil in partnership with…
German energy company EWE plans to reduce its use of gas from the Groningen field in the Netherlands sharply, as the Dutch government seeks ways to cut production at the earthquake-prone field drastically. EWE expects to cut its demand for Groningen gas by 1.7…
Oil Minister Jabar Ali al-Luaibi has said Iraq plans to increase its crude oil production capacity from five million bpd at present to seven million bpd by 2022. According to a report on the 15th February he added that Iraq needs US$4 billion for…
Zion Oil & Gas, Inc has announced that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud. Zion’s President and Chief Operations Officer, Dustin Guinn, provided further understanding of recent…
Russia and Saudi Arabia are seeking ways to amplify the success they have had working together to manage the oil market by reaching new energy agreements, including one on liquefied natural gas. The two energy giants, which orchestrated an oil-cuts agreement which helped crude…
BP has awarded Sparrows a three-year contract to manage crane operations, maintenance, and deck services off the coast of Angola. Sparrows said on the 14th February that the contract covered four cranes utilised on two floating, production, offloading, and storage (FPSO) vessels. Namely,…
