Inpex has signed a Heads of Agreement (HoA) for the US$20 billion Abadi LNG Project, which involves developing the Abadi gas field in the Masela Block located in the Arafura Sea in Indonesia. The agreement was signed with Indonesian authorities on behalf of the…
Oil rose after Iran said it shot down a US spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week, while a more dovish Federal Reserve weighed on the dollar. Futures climbed as much as 3.3%…
The Turkish government sent a second energy exploration vessel to contested waters off Cyprus, defying European Union threats of retaliation. The 230-metre (755-foot) long Yavuz, which is able to drill 12,200 meters deep, will begin operations in early July, Melih Han Bilgin, the chief…
Oil and gas company Lundin has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High off Norway. Lundin received consent for exploration drilling…
Petrofac and Marginal Field Development Company (MFDevCo) have agreed to collaborate on opportunities for the recovery of stranded gas. The two companies will jointly engineer, deliver and operate ‘gas to wire’ facilities for the redevelopment or production of gas from marginal fields, with a…
Siemens and Rolls-Royce signed an agreement today at the International Paris Air Show in Le Bourget for the sale of Siemens’ eAircraft unit. Through its Vision 2020+ company strategy, Siemens intends to sharpen its portfolio’s focus. For this reason, the company’s business with electric…
Norway has officially opened the Aasta Hansteen offshore gas field, developed via the world’s largest and the country’s first spar platform. The Aasta Hansteen field, named after a Norwegian painter, writer, and early feminist, sits in the northern sector of the Norwegian Sea, 120…
The Government of Canada has approved the Trans Mountain Expansion (TMX) project, which will twin the existing Trans Mountain oil pipeline and expand the Westridge Marine Terminal in Burnaby, British Columbia. The project will create thousands of jobs, enable increased production from western producers…
ADNOC has contracted Subsurface Imaging, part of CGG’s Geoscience division, to perform time and depth imaging of large volumes of data from what may be the world’s largest ocean bottom node (OBN) seismic survey to date. The contract started last month and could run…
JinkoSolar Holding Company Ltd, one of the largest and most innovative solar module manufacturers in the world, has announced it has supplied Trung Nam Group with 258MW of monocrystalline PERC double glass modules which were installed at one of the largest solar-wind hybrid projects in…
