Providence Resources, the Irish based Oil and Gas Energy Company, is progressing farm out discussions with SpotOn Energy on Exploration Licence SEL1/11, which includes the Barryroe oil and gas field. SpotOn Energy has confirmed that binding term sheets are now in place with the…
Australia’s Energy Security Board has called for the establishment of a new body to govern the nation’s huge and booming distributed energy resources market, which already boasts more than 12 gigawatts of rooftop solar across the country. A consultation paper released last week calls…
The Oil and Gas Climate Initiative (OGCI) has set a target of reducing the carbon intensity of its member companies’ upstream oil and gas operations to between 20 kg and 21 kg CO2e/boe by 2025. Their collective baseline in 2017 was 23 kg CO2e/boe….
Lloyd’s to “flex up” cat appetite: Neal Syndicates at Lloyd’s will be able to take on a greater level of cat risk from 2021 on the back of improved market dynamics and pricing, CEO John Neal has said. Standard Club News: IMB Q2 2020…
Royal Dutch Shell Plc expects the UK can end the sale of gasoline and diesel vehicles in just a decade, as the nation attempts to eliminate emissions by the middle of the century. The ban can be brought forward to 2030 with “the right…
Norwegian firms Aker Solutions and Kværner have entered into a merger plan to create an optimised supplier company. The consolidation will take the form of a statutory merger whereby Aker Solutions will absorb Kværner, in accordance with the Norwegian Public Limited Liability Companies Act….
SSE has welcomed the decision by Ofgem to approve the 600MW HVDC transmission link connecting Shetland to the GB mainland. The link, being taken forward by SSE’s transmission business, Scottish and Southern Electricity Networks Transmission (SSEN Transmission), will facilitate the connection of renewable electricity…
Risen Energy Company Ltd recently announced that the company will provide EPC services for Xinghai Group’s 4/5 project (totalling 250 MW) in Loc Ninh, Vietnam, and is expected to complete shipment this December. The facility, one of the largest privately-funded EPC projects worldwide, will…
Flylogix and Cambridge Consultants have agreed to collaborate on harnessing Iridium’s satellite communications to control unmanned aerial vehicles from a central hub. The arrangement will allow Flylogix to transition from local drone piloting at the airfield to centrally controlled operations, strengthening its support service…
BP plans to spud Ironbark-1 off Western Australia in this year’s third quarter following approval of its environmental plan by the Australian National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA). The well, in permit WA-359-P, will be drilled 170 km off Karratha in…
