The Gazprom Board of Directors has taken note of the information about the ongoing implementation of the liquefied natural gas production and supply projects. It was highlighted that the new coronavirus pandemic has had a negative impact on the long-term outlook for the global…
A slew of updates on Germany’s power mix suggests that 2020 will be a record year for renewable energy in Germany, as a lagging wind industry begins to pick up pace and solar growth and demand reductions both continue. German energy research institute AG…
The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea which could mean that the 2.6-kilometre pipeline stretch off Germany could be completed. According to AIS data from the 28th December, the Fortuna vessel left…
Australian energy major Santos has been granted an offshore exploration licence in Australia’s Northern Carnarvon Basin. The Exploration Permit WA-546-P was granted by National Offshore Petroleum Titles Administrator (NOPTA) last week, with the expiration date set at 20 December 2026. Santos applied for…
Eni has announced a new oil discovery in the Meleiha Concession in the Western Desert of Egypt. Achieved through the Arcadia 9 well on the Arcadia South structure, the find is located a mile south of the main Arcadia field already in production. The…
The Premier of Newfoundland and Labrador, Andrew Furey, has announced financial support for the Hibernia Project. Under the support package, Hibernia Management and Development Company Ltd (HMDC) will receive up to US$38 million to restart well work, perform drill rig upgrades and invest in…
Siemens Gamesa has signed a record order for its sector leading Siemens Gamesa 5.X platform in a 465 MW deal with leader in alternative asset management in Latin America, Patria Investments, to supply the São Vitor wind farm in the north-east of the country. …
EU and UK Clinch Narrow Brexit Deal, Just Days Before Transition Period Expires Britain clinched a narrow Brexit trade deal with the European Union on the 24th December, just seven days before it exits one of the world’s biggest trading blocs in its most significant…
The Covid-19 pandemic has devastated crude and condensate demand in 2020, creating massive supply surpluses and filling up inventories, causing producers to slash output in order to keep prices at somewhat profitable levels, according to Rystad Energy. Rystad Energy’s latest balances, however, show that 2021…
Industry body Oil & Gas UK (OGUK) has announced that it has appointed three major business leaders to its board. The new appointments are: Jose Luis Munoz, the chief executive officer of Repsol Sinopec Resources UK Limited, Andy Hessell, the managing director of Kellas…
