North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy. The company’s North Sea oil output forecast – which looks at crude and lease condensate production, including onshore, for Norway, the United Kingdom, Denmark and the Netherlands –…
Russian Novatek’s joint venture Arctic LNG 2 and oilfield services provider TechnipFMC have signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facility with an annual liquefaction capacity of 19.8 million tons under the Arctic LNG 2 project….
Gazprom said it has discovered more than 500 billion cubic metres of natural gas in two fields offshore the Yamal Peninsula in the Russian Arctic. It said authorities have approved its estimate of C1+C2 (explored and estimated) reserves for Dinkov field on the Rusanovsky…
KBR, Inc (KBR) has announced that it has been selected by Sellafield Ltd – owned by the UK Government’s Nuclear Decommissioning Authority – to act as one of its delivery partners on a major infrastructure programme to manage the safe and secure decommissioning of the…
Hague and London Oil, the oil and gas company with a diverse portfolio of production, development, appraisal and exploration assets primarily focused in the Southern North Sea, has announced the publication of its 2018 annual report. Financial HALO net average production of 2,391boepd, with…
ExxonMobil Corporation’s development of its Permian Basin resources could yield US$64 billion for the state of New Mexico, according to a study conducted for the company. Findings from the study, done by Impact Data Source, found that the focus on the Permian would generate…
Norwegian seismic players PGS and TGS have announced the Torngat 3D MultiClient project in offshore East Canada. PGS said on the 20th May that the Torngat 3D will cover approximately 3,287 square kilometres and encompasses sections of the open acreage included in the Labrador…
Tatneft and Uzbekneftegaz have signed an agreement outlining main terms of a production-sharing agreement for a block designated Pritashkent in Uzbekistan. The Russian company said initial work will be geological and physical analysis and interpretation. Source: Oil & Gas Journal
Adelaide-based sustainable agriculture trailblazer Sundrop Farms has sold its solar thermal powered, arid-zone greenhouse business to New Zealand-based infrastructure group Morrison & Co. Reports said Sundrop had been acquired by Morrison & Co for an undisclosed amount, after a year-long negotiation process. As…
AIM-listed Block Energy, the exploration and production company focused on the Republic of Georgia, has completed a placing of 109,090,000 new Ordinary Shares, raising approximately £12 million (before expenses) with institutional investors at a Placing Price of 11 pence per share. Mirabaud Securities acted…
