Libya’s Tripoli-based National Oil Corporation (NOC) said on the 11th July that four export terminals were being reopened after eastern factions handed over the ports. Force majeure, a legal waiver on contractual obligations, was lifted on the ports of Ras Lanuf, Es Sider, Zueitina…
The EU has prolonged its sanctions targeting the financial, energy and defence sectors of the Russian economy until the 31st January 2019. These sanctions were initially implemented in July 2014 in response to Russia’s actions ‘destabilising the situation in the Ukraine’ and took the…
Canadian-Norwegian energy storage solutions provider Corvus Energy has decided to expand its battery production capacities both in Canada and Norway. Corvus announced two production and R&D expansion plans underway in Canada and Norway. According to the company, the new battery factories will be…
EVgo, America’s largest public fast charging network for electric vehicles (EVs), has launched a commercial installation of second-life battery storage at a public DC fast charging station. Following a pilot programme at University of California San Diego (UCSD), this second-life battery system has been…
Saudi Arabia will be “reluctant to exhaust” its “substantial” spare capacity, according to oil and gas analysts at BMI Research. “Questions are being asked as to the extent to which Saudi Arabia will increase its production, to offset shortfalls elsewhere in the market,” the…
Aker Solutions has secured a three-year contract extension, with two one-year options, from Perenco UK to continue operations and maintenance services on its southern North Sea assets. The company has provided Perenco UK with continuous operations support covering 48 platforms and the Bacton and…
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Equinor for exploration drilling in the Barents Sea with the West Hercules drilling rig. The consent covers drilling of exploration well 7132/2-1 in production licence 857 in block 7132/2 in the eastern Barents Sea. Equinor is the operator of the licence with a 40% interest and…
Savannah Petroleum, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, has announced the result of the Kunama-1 exploration well as an oil discovery. Kunama-1 is the third consecutive discovery Savannah has made in its maiden…
Improved access to seismic data, a focus on innovation and a recasting of diverse businesses on the UK Continental Shelf all bode well for the 31st Licensing Round, according to Oil & Gas UK, the leading representative organisation for the UK offshore oil and gas…
Mozambique Rovuma Venture SpA a joint venture owned by ExxonMobil, Eni and CNPC, has submitted the development plan for the first phase of the Rovuma LNG project to the Mozambique government, Eni announced on the 9th July. The Rovuma LNG project aims to produce,…
