Impact Africa granted operatorship approval offshore South Africa

Impact Africa Ltd has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa, on a 100% operated basis.   ExxonMobil Exploration and Production South Africa Ltd  and Equinor…

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Neptune finds more oil at Bue offshore mid-Norway

The semi-submersible West Phoenix is concluding a current wildcat well for Neptune Energy on the Fenja field in the Norwegian Sea.   According to the Norwegian Petroleum Directorate (NPD), well 6406/12-G-1 H, drilled in 322 m (1,056 ft) of water in licence PL586, is an…

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D&Z Acquires EMC Power to Serve Canadian Power Generation Market

Day & Zimmermann (D&Z), the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defence solutions for leading corporations and governments around the world, has announced the acquisition of EMC Power Canada Ltd (EMC), an Ontario-based specialised trade services and construction company.   The acquisition…

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Study finds no progress on many large oil and gas discoveries

Huge volumes of discovered hydrocarbons worldwide are currently ‘stranded,’ according to a study by Westwood Global Energy Group.   The consultant has identified 119 fields in this category that were found between 2008 and 2016 with collectively 11 Bbbl of oil and 36 Bboe of…

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Preem advances renewables conversion project for Lysekil refinery

Swedish refiner Preem AB, a wholly owned subsidiary of Corral Petroleum Holdings AB, Stockholm, is moving forward with a recently proposed project to convert its 220,000-b/d refinery in Lysekil, Sweden, into Scandinavia’s largest manufacturing site for renewable fuel.   With an application to amend the…

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Cenovus, Husky agree to US$23.6-billion merger

Cenovus Energy Inc and Husky Energy Inc have agreed to merge in an all-stock transaction valued at US$23.6 billion, inclusive of debt.   The combined company, to operate as Cenovus Energy Inc and remain headquartered in Calgary, will have low exposure to Alberta oil pricing,…

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