Norway government’s climate change tackling fund Enova has awarded Equinor up to NOK 2.3 billion (US$256,59 million) grant to support the development of a floating offshore wind farm which would electrify offshore oil platforms in the Norwegian sector of the North Sea. Enova is…
Equatorial Guinea is set to construct the first liquefied natural gas storage and regasification plant in West Africa, advancing efforts to monetise gas resources through the creation of domestic gas-to-power infrastructure. Located at the Port of Akonikien on the country’s mainland, the plant will…
Bahamas Petroleum Company (BPC) has entered an agreement and appointed contractors for its first commitment exploration well offshore the Bahamas. Seadrill, under a framework agreement, will provide a sixth-generation drilling rig for the programme which is due to start in the first half of…
Pembina Pipeline Corporation has increased its bet on the future of Canada’s turbulent oil-sands industry, agreeing to buy Kinder Morgan Inc’s Canadian unit and the US portion of a key pipeline for about C$4.35 billion (US$3.3 billion). The deal makes Pembina a major player…
Eni expects to boost production from its Zohr offshore gas field in Egypt 3.2 billion cubic feet per day by the end of the year, after reaching 2.7 bcfd five months ahead of schedule. Eni released a statement on the 21st August, in the…
A group of Alaskans have launched an initiative to raise the state’s tax on oil produced above 68° latitude north which reached more than 40,000 b/d in the previous calendar year and more than 400 million bbl of total cumulative production. Alaskan oil and…
Rex International Holding is looking to put the GA South oil discovery offshore Oman into production by the end of this year. The company plans to finance the development in block 50 mainly through off-balance sheet financing. Rex’s 92.65% owned subsidiary Masirah Oil,…
Previous projections of the potential amount of shale gas under the UK may have been significantly overestimated, according to a new study. Instead of 50 years of gas at the current rate of consumption, this new research suggests there are just five to seven…
South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth has said. The oil will be linked to the nearby Paloch oilfields which are managed by…
Oslo-listed offshore supply vessel owner DOF has won work for two AHTS contracts to support OMV’s drilling operations in New Zealand. Skandi Emerald and Skandi Atlantic, built-in 2011 and 2012 respectively, have been contracted by OMV NZ for 2 wells firm, plus 2 x…
