The shift to renewables by the giants of industry continues with the news that Coca-Cola Amatil will install 3.5MW of solar, to cut its grid power usage in Australia by 14 per cent and its annual energy costs by up to US$1.3 million. The…
Chesapeake Energy Corporation, Oklahoma City, has agreed to acquire WildHorse Resource Development Corporation in a US$4 billion deal, including net debt of US$930 million. Complimenting Chesapeake’s existing high margin Eagle Ford and Powder River basin positions, the deal adds 420,000 high margin net acres,…
Denbury Resources Inc will acquire Penn Virginia Corporation in a US$1.7 billion deal, the companies announced on the 28th October. For Denbury, which operates in the Gulf Coast and Rocky Mountain regions, the acquisition will give the company a new core position in the…
The semi-submersible Songa Enabler has completed the Skruis exploration well in licence PL532, eight kilometres (five miles) north of the Johan Castberg oil field in the Barents Sea. According to operator Equinor, results were positive with recoverable oil volumes estimated at 12-25 MMbbl. …
Oil company Total has received consent from Norway’s Petroleum Safety Authority (PSA) to use Skirne and Byggve fields off Norway beyond the originally planned operational life. Skirne, including the Byggve deposit, is in the central North Sea, 20 kilometres east of Heimdal. Skirne and…
Claxton, a leading supplier of engineering and services for shallow-water, jack-up-depth markets in subsea services group Acteon, has been contracted to support MOL Norge on its first well programme on the Norwegian Continental Shelf. The award is through Ross Offshore Well Management which Claxton…
Executives of Eni and Total and Algeria’s Sonatrach have signed two agreements which include an exclusive partnership for exploration offshore Algeria in a virtually unexplored geological province. Eni and Total also will pursue obtaining exploration permits that will allow for the completion of the…
Canadian Solar Inc one of the world’s largest solar power companies, and Pensionskassernes Administration (“PKA”), one of Denmark’s largest pension service providers, have announced Recurrent Energy, LLC (“Recurrent Energy”), a wholly owned subsidiary of Canadian Solar, has finalised a transaction with PKA for its interests…
A second tremor in a 24-hour period has been recorded at the UK’s only active fracking site near Blackpool. Cuadrilla was forced to halt operations for 18 hours on Friday, the 26th October after a 0.8-magnitude tremor. Fracking restarted on Saturday morning, the 27th…
Wagenborg Offshore has unveiled the walk to work emergency response and rescue vessel Kasteelborg on the Nieuwediepkade in the port of Den Helder. The Kasteelborg will serve as standby and support vessel in collaboration with the Kroonborg, which was commissioned almost three years ago,…
