Equinor and its partners plan to turn the Aasta Hansteen development facilities into a gas hub for other nearby finds in the Norwegian Sea, according to the Norwegian Petroleum Directorate’s latest house magazine. Aasta Hansteen is due to start production later this year via…
Lloyd’s platform affected by Iran sanctions New US sanctions are likely to prevent the use of a Lloyd’s IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country, according to a Reuters report citing chairman Bruce Carnegie-Brown on…
Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on the 19th July. The strike began on the 10th July after the Safe union…
Global FLNG capex is projected to total US$52.8 billion over the 2019-2024 period, according to Westwood Energy’s latest market forecast. As LNG exports take a foothold in the US, investment in floating liquefaction facilities in North America will play a pivotal role in global…
Twenty-one US Senate Democrats and Independent Bernie Sanders (Vt) expressed their opposition to what they said are Trump administration plans to roll back offshore blowout preventer (BOP) system and well control regulations imposed following the 2010 Macondo well’s destruction and subsequent massive crude oil spill….
Wind energy is considered as the most efficient energy of all the renewable energies available globally. This is because it does not emit toxic substances and wastes and do not contaminate air or water. Wind farms can be based onshore (on land) or offshore (sea…
Russia’s natural gas flows to the European Union rose to a record for the time of year as the nation starts talks with its former Soviet ally, Ukraine, on shipments to the 28-nation bloc beyond 2019. Supplies averaged 513 million cubic metres (18 billion…
Up to US$105 billion could be spent on decommissioning worldwide over the next decade, according to a new report from Wood Mackenzie (WoodMac). The report, which states that WoodMac expects US$32 billion to be spent on decommissioning around the world between 2018 and 2022,…
The Quadrant Energy/Carnarvon Petroleum partnership has confirmed a significant oil discovery in the Dorado-1 well offshore Western Australia. Light oil was recovered from the Caley member, with a gross hydrocarbon package of 96.1 metres (315 feet) and a net pay thickness of 79.6 metres…
BHP says its deep-water Victoria-1 well has found gas offshore Trinidad and Tobago. This was the first well of a Phase 2 exploration drilling campaign to assess further the commercial potential of the Magellan play, following the earlier LeClerc gas discovery. On completion…
