Declaring Greenland “back on the oil track,” the Danish territory’s government reported on the 3rd November that it is opening up three new offshore areas for exploration. “With the new geological data pack and government take structure, and the very promising petroleum potentials, I…
Dutch offshore contractor Heerema Marine Contractors has decided to close its joint ventures in Angola due to poor market conditions. In a statement on the 5th November, Heerema Marine Contractors said that the ongoing poor market conditions and sustained low oil price mean that…
Boskalis has reported a revenue increase at its Offshore Energy business in the third quarter of 2020, compared with the previous two quarters, but also a drop in its order book to € 1.3 billion (€ 1.47 billion at the end of June). The…
Apache Corporation has filed appraisal plans for its Maka and Sapakara oil discoveries in block 58 offshore Suriname. A further submission should follow by year-end for Kwaskwasi, the largest find on the block to date, the company said in its latest results statement. …
Exelon Corporation has confirmed that it is exploring a plan to separate its multistate utilities businesses from its generation business, which is preparing to close two of its 21 nuclear power plants due to money-losing market conditions. CEO Chris Crane confirmed the “review of…
OGUK has launched a first-of-its-kind survey that will deliver a baseline for diversity and inclusion (D&I) demographic and sentiment within the sector, and act as an essential catalyst for progress and change. As the energy mix becomes increasingly integrated, differences of perspective and background…
The Philippines said oil exploration in the disputed South China Sea can proceed without China, in what could be a further sign of the Southeast Asian nation’s tougher stance against Beijing. Philippine Energy Secretary Alfonso Cusi said PXP Energy Corporation can survey Reed Bank…
Turkey has begun drilling a second borehole on the Sakarya natural gas field in the Black Sea where it made its largest-ever discovery earlier this year with the Tuna-1 (Danube-1) well. Turkish President Recep Tayyip Erdoğan announced last month that the Tuna-1 discovery holds…
Independent Oil and Gas (IOG) has issued a progress report on its Core Project Phase 1 in the UK southern North Sea. HSM’s yard in Schiedam is fabricating the Phase 1 Southwark and Blythe gas platforms. These are on track for mechanical completion…
Sea and gas trials for a Very Large Gas Carrier (VLGC) featuring the technology group Wärtsilä’s pioneering liquefied petroleum gas Fuel Supply System are successfully completed. The ‘BW Gemini’, owned and operated by BW LPG a company registered at Oslo stock exchange, is the…
