The oil and gas industry is on course for its worst discovery toll since 1946, according to new Rystad Energy analysis. Global oil and gas finds in 2021 will hit their lowest full year level in 75 years if the remainder of December fails…
Oil majors Chevron and Shell have worked out a farm-out agreement for Block 5, located offshore Suriname. Suriname’s national oil company Staatsolie revealed on the 17th December that Chevron Exploration Suriname Limited (CESL) transferred to Shell one-third (20 per cent) of its 60 per cent equity…
The Iraqi Drilling Company (IDC) has started drilling a well “Ammara 19” at Missan Oil Company (MOC)’s Amara field, within the Mishrif reservoir. IDC’s Director General, Bassim Abdul Kareem, said the drilling operations were carried out using the 2000-HP drilling rig “IDC 23”. …
Drydocks World has completed the conversion of a vessel for Boskalis for renewable energy construction support. The Bokalift 2’s first project will be to transport and install wind turbine foundations offshore Taiwan. The conversion, involving 9,000 tons of steel, includes a Huisman 4,000-metric…
A model solar fuels device called a photoelectrochemical cell. A research team led by Francesca Toma, a staff scientist at the Liquid Sunlight Alliance in Berkeley Lab’s Chemical Sciences Division, designed the model. (Credit: Thor Swift/Berkeley Lab) A research team has developed a new…
Asia’s relentless buying of liquefied natural gas earlier this year has left the region so well stocked for winter that spot shipments are being diverted to energy-hungry Europe. Multiple vessels are now being diverted from Asia after prices in Europe traded at a rare…
Air Liquide, Air Products, ExxonMobil and Shell have signed the final contracts with Porthos for the transport and storage of CO2 in Rotterdam. Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) is a project to manually store 2.5 million tonnes of CO2…
Maersk Drilling and Aker BP have revealed that they have entered into a deal to renew and extend a frame agreement which establishes Maersk Drilling as the jack-up rig drilling partner of Aker BP. The agreement confirms the companies’ commitment to renew the frame…
CGX Energy has found hydrocarbons with its Kawa-1 exploration well in the Corentyne block offshore Guyana. With around 90% of the planned drilling completed, logging and cuttings analysis suggest the presence of an active hydrocarbon system in various Campanian and Upper Santonian intervals. …
Norway is set to install 1GW of onshore wind this year, bringing it to almost 5GW – up from only 1.5 GW 3 years ago. It’s going to need still more onshore wind to help meet its expected rise in electricity consumption (from 140…
