Iran connected its national grid to Iraq on the 1st November in a bid to help the Arab country reduce its power outages. The power grids of Iran and Iraq were synchronised in a ceremony with Iranian Energy Minister Reza Ardakanian and the Iraqi…
On behalf of the Gullfaks and Snorre partners, Equinor today signed contracts totalling around NOK 3.3 billion for the Hywind Tampen wind farm development. The contracts have been awarded to Kværner AS, Siemens Gamesa Renewable Energy AS, JDR Cable System Ltd and Subsea 7 AS….
Saipem and Wello Oy have agreed to deploy the latter’s WEC Penguin technology at the Biscay Marine Energy Platform (BiMEP) test area offshore northern Spain. BiMEP is an open sea marked zone dedicated to supporting research and technical testing of prototype floating marine renewable…
Tethys Oil AB, through subsidiary Tethys Oil Oman Onshore Ltd, will pay up to US$9.5 million in a cash and carry farm-in agreement with Biyaq Oil Field Services for 20% interest in the exploration and production licence covering Block 56 onshore Oman. Block 56…
The Keystone crude oil pipeline was shut following a spill in North Dakota on the 29th October, the third along the pipeline’s route in less than three years, roiling Canadian and US oil markets. TC Energy Corporation’s 590,000 barrel-a-day pipeline which carries crude from…
The Dutch government has announced the closure of Groningen, Europe’s largest gas field, in 2022. Gas production peaked at 88 billion cubic metres (BCM) in 1976 and has declined to around 12 BCM a year under government production caps, introduced in response to a…
Malaysian FPSO supplier Yinson has secured another short term extension for the Lam Son FPSO in Vietnam. On the 31st October the company’s Vietnam JV PTSC AP entered into a fifth addendum to its interim contract with Vietnam’s PTSC to further extend the tenure…
Imagine you just moved to the surface of the Moon. There is plenty of available real estate, and you pick a nice-looking plot, away from craters and burnt-out volcanoes, for your home. You begin building on the powdery surface, first putting up walls, and…
ConocoPhillips Australia has contracted MODEC Inc to supply an FPSO for the Barossa gas field offshore Australia. In June 2018, MODEC was awarded a front-end engineering design (FEED) contract for the Barossa FPSO. It has now been selected as the turnkey contractor based upon…
Total has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo – which holds an 86.95% interest in Block CA1, located 100 kms off the coast of Brunei – to Shell for US$300 million. The transaction is subject to approval…
