Northern Endeavour, a floating production, storage, and offtake vessel (FPSO) formerly operated by Northern Oil and Gas Australia (NOGA) for production of Laminaria and Corallina oil fields in the Timor Sea, is now unmanned and idle following the exit of the last of its crew…
With oil production estimated at 1.2 MMb/d by 2030, Guyana’s total annual oil revenues could approach US$30 billion within ten years, according to new research from Rystad Energy. The economic fortunes of Guyana, with a population of about 800,000, are poised for a major…
Solo Oil, the AIM investing company, targeting attractive production and development opportunities within the European gas market, has announced that, further to the update provided by the Company on the 20th December 2019, the Company remains in discussion with ONE Dyas with a view to…
Exploration and production company Europa Oil & Gas has elected to relinquish its interest in Licensing Option (LO) 16/19 in the South Porcupine Basin, offshore Ireland. This follows the completion of the agreed work programme, including a full technical assessment, which concluded that the…
The Canadian government’s plan to expand a major oil pipeline cleared a key legal hurdle, providing optimism that the project may proceed and sending a lifeline to the country’s ailing energy industry. The Federal Court of Appeals in Ottawa ruled that Prime Minister Justin…
Germany’s Chancellor Angela Merkel announced on the 28th January that the government is backing plans to stop using coal as an energy source by 2038. The move is part of the ruling coalition’s efforts to protect the climate and move towards renewable energy sources. …
Valeura Energy Inc, Calgary, expects to continue the deep gas appraisal programme of the Thrace basin onshore north-west Turkey following notification from joint partner Equinor of its intent to withdraw. Discussions have commenced around the commercial mechanism by which Equinor is to exit the…
Angola’s Minister of Mineral Resources and Petroleum H E Diamantino Pedro Azevedo said in London on 21 January that the government had made significant progress in its efforts to restructure the oil and gas sector. Initial successes include significant cost reductions at the national…
Pars Oil and Gas Co. has installed the final platform of Phase 14 of the South Pars gas field development in the Persian Gulf. According to news service Shana, Platform 14D was loaded onto a FLB 124 barge and subsequently delivered to the offshore…
BP, as operator and on behalf of co-venturer Shell, has announced encouraging early production from the Alligin field in the west of Shetland region, offshore UK. Alligin forms part of the Greater Schiehallion Area and has been developed as a two-well subsea tieback into…
