On the 9th October, Norwegian Minister of Petroleum and Energy, Kjell-Børge Freiberg, officially opened the power-from-shore solution, which will provide the Johan Sverdrup field in the North Sea with electricity for more than 50 years. Power from shore makes Johan Sverdrup one of the…
Hibiscus Petroleum has announced that its indirect wholly-owned subsidiary, Anasuria Hibiscus UK (‘AHUK’), has entered into a conditional sale and purchase agreement with Caldera Petroleum (UK) to acquire a 50% participating interest in Block 15/13a and Block 15/13b under the Production Licence P198, for a…
DNO ASA, Oslo, is preparing to spud the first well on its Baeshiqa license east of Mosul in Iraqi Kurdistan after having raised production at Peshkabir oil field to the northwest to 50,000 b/d. The first Baeshiqa well will target Cretaceous strata. A second…
Serica Energy Plc and BP Plc have received a conditional license and assurance from the US Office of Foreign Assets Control allowing work to continue at Rhum gas field in the UK North Sea although National Iranian Oil Company holds a 50% interest through a…
Following up on its commitment last spring to invest in American manufacturing, SunPower has announced that it has completed its acquisition of certain assets of SolarWorld Americas, including its Hillsboro, Oregon facilities and its predominantly manufacturing workforce of more than 200 employees. SunPower has…
AIM-listed Sirius Petroleum, the Nigeria-focused oil and gas development and production company, has decided, by mutual agreement with COSL, to abrogate its agreement with COSL for the supply of a jack-up rig for the drilling programme on the Ororo field, OML 95. Sirius has…
Saudi Arabia’s crown prince has insisted the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021 and sticking to his ambitious view the state-run company is worth US$2 trillion or more. The comments show…
Offshore drilling contractors Ensco Plc and Rowan Companies Plc have agreed to a US$12 billion merger, the companies announced on the 8th October. Under the all-stock transaction agreement, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share. After closing, Ensco shareholders will…
Equinor has hired Global Maritime to support its marine operations in Norway until 2020. Global Maritime said on the 8th October that the contract was one of its largest ever. According to marine operations specialist, the value of the contract with Equinor is…
Russian energy behemoth Gazprom has ordered four offshore vessels from the Zvezda Shipbuilding Complex (SSС Zvezda). The contracts for the construction of the vessels were signed in St Petersburg at the Offshore Marintec Russia 2018 conference. Under the signed agreement, SSC Zvezda will build…
