Shell and its partner Ithaca Energy (UK) Limited have taken a final investment decision on the Pierce Depressurisation Project in the UK Central North Sea. The move will enable Shell to start exporting gas from the Pierce field, Shell said on the 3rd October….
Abu Dhabi’s government-owned energy giant has kicked off the potential sale of a stake in its natural gas pipelines, in a deal which could fetch about US$5 billion, people with knowledge of the matter said. Abu Dhabi National Oil Company, producer of about a…
BP Exploration has awarded Subsea 7 two contracts for the Azeri Central East (ACE) project in the Caspian Sea. The work scopes comprise engineering and fabrication of subsea structures, engineering, transport and installation of spools, the launching of a 16,200-metric ton jacket, and the…
By converting natural resources into sustainable electricity, renewable energy technology is opening the door toward a cleaner and healthier environment. The global renewable energy market is expected to exceed US$1.5 trillion by the year of 2025. Some of the world’s largest corporations are…
Cyber-Attacks Named as Top Business Risk in US, Canada and Europe, by WEF Survey Cyber-attacks are named as the leading risk for business executives in the United States, Canada and Europe, according to a survey of business leaders published by the World Economic Forum. …
Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a substantial rebound is not expected, said IHS Markit in a recent report. The low levels in discoveries come as a result of a pullback…
After rebounding in second quarter of 2019, US upstream mergers and acquisitions (M&A) activity maintained its momentum in third quarter, according to analysis released on the 2nd October by oil and gas data analytics company, Enverus. Deals surpassed US$17 billion in the third quarter,…
Belgian engineering firm Tractebel, part of Engie, is developing a concept for an offshore platform which would convert power produced from offshore wind farms into hydrogen (H2) using electrolysis. “Delivering up to 400 MW, this kind of plant exceeds the output of previous technologies…
Most of the subsea facilities are now in place for Zennor Petroleum’s Finlaggan gas-condensate development in the UK central North Sea. The project, in blocks 21/05c and 21/05d, licence P2013, is targeting 30 MMboe through two subsea production wells tied back to the Britannia…
Cadogan Petroleum, an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, has announced that it has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of US$2.8 million. Gazvydobuvannya…
