Energean Oil & Gas, London, has agreed to buy 100% of Edison Exploration & Production from the Italian energy conglomerate Edison SPA at a price based on an enterprise value of US$750 million. Additional consideration of US$100 million is contingent on commissioning of the…
Alfa Laval’s LKH Prime 40 is the latest new addition to the range. Not only does the hygienic, self-priming pump offer high energy efficiency and versatility, it also allows for significantly reduced noise levels and easy maintenance. In utilising the Alfa Laval LKH Prime…
Vestas has received its first ever order in El Salvador for the 54 MW Ventus wind park, which will be the country’s first utility-scale wind park. The engineering, procurement and construction (EPC) order has been placed by Ventus SA de CV and Tracia Network…
Eni has become the first international operator to produce oil offshore Mexico following the country’s Energy Reform. Early production has started from the Mitzón 2 well on the Miztón field in Area 1 in the Campeche Bay offshore Mexico. This was the initial development…
JV partner Concedo has reported that the Goddo well (16/5-8 S) in licence PL 815 is expected to be spudded shortly by operator Equinor. A contingent horizontal side-track (16/5-8 A) will be drilled back to back with the main bore pending the contingencies. …
Libya’s most powerful military leader said the state oil company in Tripoli has the sole right to sell the nation’s crude, a statement which might ultimately help stabilise production which has swung wildly for almost a decade because of ongoing conflict. The National Oil…
Ireland’s offshore oil and gas association has welcomed the government decision last week to block a bill which would ban the issuing of further licences for oil and gas exploration and production. Had it been passed into law, the Climate Emergency Bill proposed by…
A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer. Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar, CEO of Sharjah-based Crescent Petroleum, said: “Iraq is hugely underexplored. We at Crescent know of 300 structures…
Volkswagen Group is making a further contribution to future climate protection. To this end, the company is also pressing ahead with the decarbonisation of energy production. VW Kraftwerk GmbH is installing four wind turbines at the MAN Truck & Bus SE site in Salzgitter….
JV partner Eco (Atlantic) Oil & Gas has announced that operator Tullow Oil has commenced drilling operations offshore Guyana with the spudding of the first exploration well on its Jethro-Lobe prospect on the Orinduik Block. Jethro-Lobe was spud at 22:45hrs (Local Guyana time) on Thursday…
