Oil and gas company OKEA has signed a sales and purchase agreement (SPA) with Neptune Energy for the acquisition of a 30 per cent working interest in offshore licence PL938 near the Draugen field. OKEA said on the 25th September that the effective date…
Jadestone Energy has agreed with OMV to amend the long stop date for the Company’s acquisition of a 69% interest in the Maari Project, shallow water offshore New Zealand. The parties have made substantial progress towards satisfying the Acquisition’s closing conditions, including obtaining the…
With its new Unified Power Flow Controller, called UPFC PLUS, Siemens Energy is expanding the options for grid stabilisation. The UPFC PLUS will help system operators stabilise the grid by dynamically controlling the load flow in alternating-current grids. Easy to integrate into existing infrastructure,…
CGG has completed the first phase of a multi-year programme for what it claims is the largest-ever ocean bottom node (OBN) multi-client survey in the UK central North Sea. Work has now started on the second acquisition phase: the survey started in March, and…
California Governor Gavin Newsom (D) issued an executive order on the 23rd September requiring all new cars and new passenger trucks sold in the state to be zero-emission vehicles by 2035, a move which would take a big bite out of US gasoline demand. …
Iran’s Islamic Revolutionary Guard Corps has opened a new naval base along one of the world’s busiest oil transit routes on the Persian Gulf as frictions with the US and its allies in the region loom over security in the waterway. The Shaheed Rahbari…
German propulsion expert Schottel has been awarded a contract to supply Dutch shipyard Royal Niestern Sander with thrusters for a new shallow-draught vessel. The shipyard is currently building a 75.9-metre-long and 14-metre-wide walk-to-work vessel commissioned by a joint venture between the Russian companies Mercury…
AIM-listed Borders & Southern Petroleum has announced its unaudited interim financial statements for the six months to 30 June 2020. The accounts contained within this report represent the consolidation of Borders & Southern Petroleum Plc and its subsidiary, Borders & Southern Falkland Islands Limited….
The technology group Wärtsilä has been awarded first prize in the United Nations’ AIS Big Data Hackathon, which took place in early September 2020. Altogether, teams from 17 organisations were selected to participate in the event, with Wärtsilä being the only multinational corporation to…
Britain’s Oil and Gas Authority (OGA) has named Osokey as a collaborative partner in developing the National Data Repository (NDR) platform. Osokey will develop new services which should go live in 2021. The NDR will continue to host information on wellbores, geophysical surveys and petroleum…
