Austrian oil company OMV will be undertaking a well intervention campaign at its operated Pohokura gas field located offshore New Zealand. In December 2018 OMV completed the acquisition of Shell’s interests in Pohokura (48%) and Maui (83.75%), as well as related infrastructure for production,…
Continuous oil production at the Horse Hill site is anticipated through most of 2019 – the current test programme will run to spring, before two new wells are drilled and then tested through to the autumn, and, UKOG hopes permanent production will kick off in…
Oil Search has reported that the Pikka B appraisal well has penetrated the Nanushuk formation and successfully encountered hydrocarbons, in line with pre-drill expectations. The well commenced drilling on the 31st December 2018 (AKST) and reached a depth of 1,201 metres (3,934 feet) on the…
Equinor and its partners ExxonMobil, Total, and Norway’s Petoro, have made a natural gas and condensate discovery with the Ragnfrid North (6406/2-9 S) exploration well in the Norwegian Sea. The well, drilled in production licence 199 about 20 kilometres south of the Kristin platform,…
Vryhof, a trusted partner to many of the offshore industry’s leading companies and its three businesses – Deep Sea Mooring, Vryhof Anchors and Moorlink – has announced up to US$75 million in new contracts, starting 2019 on a high. The contracts include landmark deals…
Rooftop solar could be ticking up in value as Pacific Gas and Electric (PG&E) prepares for bankruptcy. Indeed, the devastating wildfires in California might topple PG&E due to a wave of US$30 billion in liabilities. The result could be one of the largest bankruptcies…
The National Decommissioning Centre (NDC), a global technology R&D hub, has been opened by Lord Duncan, UK Government Minister for Scotland and Paul Wheelhouse MSP, Scottish Energy Minister, in Newburgh, in North-East Scotland’s Energetica Corridor. The government ministers joined industry and civic leaders to…
Exploration drilling looks set to soar offshore Africa this year, according to Wood Mackenzie. The consultant expects around 40 exploratory wells compared with the 24 completed in 2018, with Total and Eni leading the way, pursuing deep-water, high-impact prospects. Later in the current…
Talks are in progress to build an underwater natural gas pipeline between Israel and Egypt, part of efforts to transform the eastern Mediterranean into an energy export hub on Europe’s doorstep, Israeli Energy Minister Yuval Steinitz said. Construction could begin as early as next…
French oil major Total has reportedly hired Jefferies Financial Group to help it facilitate the sale of its offshore oil and gas assets in the Netherlands. On the 15th January, Reuters reported, citing unnamed sources, that the oil company was looking to snatch between…
