Eco Marine Power (EMP) has announced that an EnergySail demonstration and test unit has been unveiled at the Onomichi Marine Tech Test Centre (MTTC) in Japan. This full scale version of an EnergySail is an upgrade of the pre-production unit and represents one of…
BW Energy has started oil production from the second well in its Tortue Phase 2 field development in the Dussafu Marin permit offshore Gabon. The first well, DTM-5H, came online last week. According to partner Panoro Energy, overall field production continues to stabilise, with…
AIM-listed UK Oil & Gas (UKOG) has announced that the intervention to shut off significant formation water ingress into its Horse Hill-2z (‘HH-2z’) horizontal production well has been successful. Following the identification of the water ingress source via production logging, a rigid setting Thermatek®…
Premier Oil expects to lift the final cargo of crude from the Huntington field in the UK central North Sea next month. Recently the company submitted a draft decommissioning program for the removal of the leased circular-shaped FPSO Voyageur Spirit to Britain’s Secretary of…
Premier Oil plans further well interventions to improve production from its block A gas fields in the Natuna Sea offshore Indonesia. The campaign, scheduled for 2021, will include well workovers and side-tracks on the Anoa field, infill drilling on Pelikan, and an appraisal well…
Oil markets crashed more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price war between Saudi Arabia and Russia which is likely to have sweeping political and economic consequences. Brent futures suffered the second-largest decline on record in the opening…
OPEC+ is going to war with US shale. That is according to Sandhill Strategy co-founder Katie Bays, who expressed the view in a television interview with Bloomberg on the 8th March. The move is something the group has “avoided doing since they cut production…
Hague and London Oil, the energy company with a portfolio of production, development, appraisal, exploration and infrastructure assets primarily focused on the Southern North Sea, has announced that it has recently received approval from the Ministry of Economic Affairs and Climate Policy for transfer of…
AIM-listed Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced the acquisition of an additional 35 percent economic interest in PEDL005(R) containing the producing Keddington oil field from Terrain Energy. Following completion of the Acquisition, Union Jack will…
ConocoPhillips has completed two transactions to sell its Niobara and Waddell Ranch assets, the company reported on the 5th March. It did not identify the buyers of the US Lower 48 assets. Located in the southern Denver-Julesberg Basin, the Niobara assets boasted full-year…
