Alberto Fernandez strolled to victory in Sunday’s presidential elections in Argentina, a widely-expected outcome after he thrashed incumbent President Mauricio Macri in August’s primaries. After all the vague campaign speak, investors are now keen for clarity on policies. One thing is almost certain:…
Van Oord’s Aeolus has installed the first monopile for the Borssele III and IV offshore wind farm in the Dutch North Sea. Van Oord will install 77 monopiles for the Borssele III and IV wind farm and two for the innovation site Borssele V….
Angola’s battle to stem its steep production decline is proving to be a long one, with hopes rest on the country’s new licensing round — the first since 2011 — along with the outcome of reforms by President Joao Lourenco. The country’s oil bounty…
Kosmos Energy has announced that the BP-operated Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success rate from nine wells targeting the inboard gas trend in Mauritania/Senegal. The Orca-1 well,…
Norway’s sovereign wealth fund, popularly known as the oil fund, has grown to a record 10 trillion Norwegian crowns (NOK) or US$1,091,750,000,000. The fund had hit a one trillion-dollar value mark in 2017. The world’s largest sovereign wealth fund formally known as The Government…
South Sudan’s hopes of rebuilding its oil industry and shattered economy after a five-year civil war which killed almost 400,000 people hinge on a fragile peace accord which looks increasingly at risk of unravelling. Since negotiators from the US, UK and Norway coaxed President…
Development of English shale-gas resources is taking longer than expected and losing public support, concludes a study by the UK National Audit Office. In 2016, the study says, the government projected that as many as 20 wells would be drilled and hydraulically fractured by…
TMC Compressors of the Seas (TMC) has signed a contract to supply a complete marine compressed air system and associated equipment to four of TMS Cardiff Gas Ltd’s LNG carriers currently under construction. The four LNG carriers are being built at Hyundai Heavy Industries…
Serica Energy Plc has received a renewed licence and secondary sanctions assurance on its Rhum gas-condensate field in the UK central North Sea from the US Office of Foreign Assets Control (OFAC). This ensures continued provision of goods, services and support from various US-owned…
Last month the Akademik Lomonosov, a first-of-its-kind floating nuclear plant built by Russian state nuclear energy corporation, Rosatom, arrived at Pevek, a port town on the remote Chukotka Peninsula in the Russian Arctic. There, the plant is expected to provide power to about 100,000 homes….
