Marathon Oil Corporation has closed on the sale of its 15% participating interest in the Atrush block in Kurdistan, where first-quarter production averaged 2,400 net boe/d. The divestiture marks the company’s exit from the country. Abu Dhabi National Energy Company PJSC (TAQA) is…
Boskalis Subsea Services has won contracts with a total value of more than £100 million (US$126 million) in the North Sea over the past six months. These include work for Total’s Tyra redevelopment in the Danish sector, an inspection, repair and maintenance (IRM) campaign…
Canadian Solar Inc, one of the world’s largest solar power companies, has announced that the company has signed a multi-year module supply agreement with EDF Renewables North America to deliver 1,800 MW of high efficiency poly solar modules for projects in the US, Canada, and…
AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided an operational update in relation to its Egyptian portfolio, in which Rockhopper holds a 22 per cent working interest. Al Jahraa-11…
Russian production fell by 170,000 b/d from April to May as the disruption to oil exports caused output to fall to 60,000 b/d less than the production-cut commitment. The last hurdle is restoring 750,000 b/d via the northern leg of Druzhba. However, thanks to…
Canadian resource companies are choosing to invest abroad at record levels, amid waning global interest in the nation’s energy and mining assets. Statistics Canada reported on the 28th May that Canadian-based energy and mining companies invested a net C$15.5 billion (US$11.5 billion) outside of…
Oil production in the US Gulf of Mexico is set to make new records in the imminent future, according to Norwegian oil and gas intelligence firm Rystad Energy. Rystad said on the 31st May that GoM oil production was a mere 1.28 million bpd…
Vår Energi has received consent from Norway’s Petroleum Safety Authority (PSA) to remove and dispose of the Jotun B platform in the North Sea. In addition, the PSA has authorised Equinor to use the semi-submersible Transocean Spitsbergen for top hole drilling as part of…
Vetter, a global operating Contract Development and Manufacturing Organisation (CDMO) has reached another important milestone regarding sustainability. Beginning immediately, all German sites of the company will be supplied with only CO2 neutral energy from certified renewable energy sources. This action underlines the CDMO’s commitment…
In sharp contrast to the wider UK economy, North Sea operators and contractors are bucking the trend and investing across people, R&D, technology and new markets to support continued growth, according to an industry report released on the 29th May. The findings of the…
