Premier Oil has announced that the Court of Session in Edinburgh has approved the creditor schemes of arrangement required to implement the proposed UK North Sea Acquisitions, related funding arrangements and extension of the Group’s credit facilities. Premier notes that the single dissenting party…
Sasol Ltd has let a contract to John Wood Group Plc to serve as an engineering partner under a five-year partnership framework agreement to support Sasol South Africa (Pty) Ltd’s portfolio of assets – including its refining and chemicals businesses – across South Africa. …
Arctic LNG 1, a wholly owned subsidiary of Novatek, intends to begin full-scale geological and geophysical activities in the Bukharinskiy subsoil licence area on the Gydan Peninsula of the Yamal-Nenets Autonomous Region (north-western Siberia) and begin drilling of the first exploratory well in the upcoming…
Oil fell following wild price swings set off when a major index tracked by billions of dollars in funds said it would exit near-term contracts for fear prices may turn negative again. West Texas Intermediate for June delivery declined 3.4% on the 28th April…
Oil and gas company Spirit Energy has received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), for exploration drilling in the Barents Sea using the Leiv Eiriksson drilling rig. The PSA said on the 29th April that the consent applied…
Van Oord’s vessel Aeolus has installed the slip joint foundation at the Borssele wind farm site V in the Dutch North Sea. This is the first time a submerged slip joint was used on a full-sized offshore wind turbine on a fully commercial basis,…
Corallian Energy has announced that, together with Joint Venture partners, Upland Resources and Baron Oil, it has signed a Work Sharing and Confidentiality Agreement with a large European E&P Company for licence P2478 (Blocks 12/27c, 17/5, 18/1 and 18/2) in the Inner Moray Firth. …
GE has announced that its major inspection of the Siemens’s 60-megawatt (MW) SGT-800* gas turbine installed at the Ufa TPP-2 combined-cycle power plant – owned by Bashkir Generation Company LLC’s (BGC LLC) – was completed on time and successfully. The 519-MW plant, which is…
Oil and gas workers’ unions in the UK have launched a campaign to protect the jobs in the sector and secure its future, calling for a halt to the “carnage” of jobs. Offshore union Unite Scotland as part of the Offshore Co-ordinating Group (OCG)…
US oil producers running out of space for storage amid an unprecedented slump in demand have started making deliveries to the nation’s emergency stockpile. This month, 1.1 million barrels have been delivered into Strategic Petroleum Reserve storage. The Energy Department has finalised contracts…
