Iranian President Hassan Rouhani formally inaugurated four new phases of South Pars, the world’s largest gas field, on the 17th March, according to a statement posted by the Iranian oil ministry on Twitter. Iran has invested US$11 billion to complete the four phases and…
Kangean Energy has started producing gas from Sirasun and Batur offshore fields in Kangean block in Indonesia. According to Japex, a Japanese company with an investment in the project, Sirasun and Batur gas fields are planned to produce at a maximum of 5.0-5.1 million…
Wärtsilä has installed three energy storage systems onboard an offshore construction vessel to provide energy and load sharing capability. The delivery combines a diesel-electric configuration with batteries and should cut the vessel’s consumption of two million litres by up to 50%, depending on optimal…
Egypt has indicated it is ready to rejoin the club of major exporters of liquefied natural gas, making its biggest offer to supply the market in at least five years. The state gas company EGAS tendered to sell four cargoes of LNG for loading…
Some 35,000 barrels of crude have so far been recovered from Horse Hill where test production continues and new drilling in the coming months aims to expand capacity. As it releases its annual results, UK Oil & Gas Plc has also provided an update…
GE Renewable Energy has announced that the prototype for its Cypress platform, the largest onshore wind turbine for GE in the field, has been successfully installed and is fully operational, producing power at a rated level of 5.3 MW in Wieringermeer, the Netherlands. Company…
Bahamas Petroleum, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas, has announced that it has raised US$2.54 million before expenses through a firm placing of 120,000,000 new ordinary shares of 0.002p each at a price…
Argentina plans to build natural gas pipelines and hopes to attract more oil and gas investment for the Vaca Muerta shale play in the Neuquen basin, according to Argentina Energy Minister Gustavo Lopetegui. Analysts estimate Vaca Muerta needs investments of US$5-10 billion/year to boost…
Equinor is planning to extend the life of more than 20 offshore platforms in Norway overall. The company said on the 14th March that it had received the authorities’ approval for extending the life of eight installations on the Norwegian continental shelf (NCS) during…
FAR says technical work continues on its exploration licences offshore The Gambia after the government agreed to a six-month extension. This followed the unsuccessful wildcat well on the deep-water Samo prospect late in 2018. FAR and partner Petronas requested the extension to give…
