Premier Oil, the London-listed oil and gas company, has announced that the sanction of the Tolmount offshore field development project remains on track for 2018. Premier said in its trading and operations update on the 11th January that the offshore and onshore front-end engineering…
Vroon Offshore Services and Ampelmann have joined forces to deploy a Walk to Work (W2W) solution for the Arkona offshore wind farm, located in the German Baltic Sea. Vroon’s VOS Stone vessel, the newest addition to its offshore-support fleet, will be mobilised with an…
Russian gas giant Gazprom said on the 15th January that it plans to invest 182.4 billion roubles (US$3.2 billion) this year in the TurkStream pipeline project and another 114.5 billion roubles in Nord Stream 2. Moscow, dependent on oil and gas revenues, sees the…
Ineos Oil & Gas has organised its holdings into six business units. The division of chemical giant Ineos, London, has grown rapidly through acquisitions in the North Sea and UK onshore since 2015. The new units are: Ineos Oil & Gas Denmark, with offices…
ExxonMobil announced on the 15th January that it has encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea. “We are currently evaluating the well results and together with our co-venture partners will assess the P’nyang…
Royal Dutch Shell Plc is taking small steps toward a future dominated by electric cars, renewable energy and carbon constraints, demonstrating its intent not to remain solely an oil and gas company. The energy giant agreed last month to purchase First Utility Ltd, the UK’s…
After a disappointing year for drillers, Norwegian authorities are reviewing their hopes for the Nordic country’s hottest exploration area. “In the part of the Barents Sea that’s currently open, you’ve sort of tried the elephants — the big opportunities,” Bente Nyland, the head of…
Shell has made a final investment decision on the redevelopment of the Penguins oil and gas field in the UK North Sea. The decision authorizes the construction of a floating production, storage and offloading (FPSO) vessel, the first new manned installation for Shell in the…
Three BP-operated North Sea fields have resumed production, following the repair of the Forties pipeline, which is used to transport oil and gas from a number of UK North Sea fields to the shore. The three fields in question are Bruce, Keith and Rhum. They…
Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018, although capital allocated in this area will still be significantly below volumes committed to conventional business activity. That is the view of oil and gas analysts…
