Neptune Makes Largest 2020 Norway Discovery

Neptune Energy has announced the commercial discovery of oil at the Dugong well in the Norwegian sector of the North Sea.   The find, which Neptune says is the largest discovery in Norway so far this year, is estimated to contain between 40 and 120…

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UOG scoops Tullow’s stake in Jamaican offshore licence

Oil and gas company United Oil & Gas (UOG) has been assigned Tullow Oil’s stake in the Walton Morant licence off Jamaica, which the company now fully owns.   UOG said on the 3rd August that the government of Jamaica assigned Tullow Jamaica’s 80 per…

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Who Will Own the Hydrogen Future: Oil Companies or Utilities?

Within the span of a week, major utilities Iberdrola, Uniper and NextEra all made moves into the hydrogen market, in a reminder that the miracle molecule is not the sole domain of the oil and gas sector.   But whether utilities will have the ability — or need — to compete…

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Kish pipeline shore pull completed offshore Iran

Shore-pulling operations have finished for an extension of the Kish-Garzeh offshore gas pipeline project in the Persian Gulf.   Pars Oil and Gas Company official Abdullah Mehrabi told news service Shana that the programme on the 2.2-km (1.37-mile) subsea pipeline extension started on the 21st…

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Marathon permanently idles two US refineries

Marathon Petroleum Corporation is permanently shuttering crude oil processing at two of its US refineries as part of the operator’s strategy to increase its overall competitiveness as a result of decreased product demand caused by the ongoing coronavirus health crisis.   MPC has decided to…

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Land Rig Uptick Could Emerge Next Year

Changes in the number of operating US land drilling rigs will likely remain unimpressive through this year, but 2021 could bring a rig count rebound – albeit a measured one.   So says one of Rigzone’s regular market-watchers, Matthew Veazey. Keep reading to learn the…

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NEO Energy wraps up buy of Total’s UK North Sea assets

NEO Energy has completed the acquisition of a portfolio of operated and non-operated assets in the UK North Sea from two Total subsidiaries.   NEO Energy said on the 3rd August that the assets were bought from Total Oil UK and Total E&P North Sea…

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Zion Oil and Gas receives approval for next well in Israel

Zion Oil & Gas has announced formal approval from the Israel Ministry of Energy of its drilling plan for the Megiddo Jezreel-2 well on the 99,000-acre Megiddo-Jezreel licence area, onshore Israel   ‘The amount of progress has been miraculous given the strains on the Israeli…

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Alfa Lift to debut at Dogger Bank A offshore the UK

OHT Alfa Lift AS has signed the contract for the transport and installation of foundations for the first phase of Dogger Bank offshore wind farm, Dogger Bank A.   The contract for the second phase, Dogger Bank B, is expected to follow in due course,…

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