Despite significant progress in recent years, the world is falling short of meeting the global energy targets set in the United Nations Sustainable Development Goals (SDG) for 2030. Ensuring affordable, reliable, sustainable and modern energy for all by 2030 remains possible but will require…
A little-known investor group is planning a major shakeup of the Eastern Mediterranean natural gas industry in a bid to unlock hundreds of billions of dollars of sales stymied by the political and industrial complexities of the region. Cynergy Group, an investment firm based…
Romanian oil and gas firm OMV Petrom has decided to decommission of the Gloria offshore platform in the Black Sea. The platform, which has reached the end of its economic lifetime limit after more than 40 years in service, will be removed by GSP…
The Appomattox field in the US Gulf of Mexico started production ahead of schedule in the deep-water Gulf of Mexico about 80 miles offshore Louisiana. Shell Offshore Inc operates the field in 7,200 feet of water. Shell holds 79% interest and CNOOC Petroleum Offshore…
The Nordex Group has received an order for 74 turbines from the N149/4.0-4.5 Delta4000 series, which will be the first of its kind installed at a US wind energy project. The wind turbines, which will be installed at an Oklahoma wind farm that has…
Wärtsilä, the leading global supplier of flexible power plants and services to the global power generation market, is to supply and construct a complete power plant in South Africa for Sasol New Energy Holdings, the company responsible for Low Carbon Electricity in Sasol, an integrated…
The Royal Netherlands Meteorological Institute (KNMI) has reported that in the Groningen town of Westerwijtwerd an earthquake has taken place with a magnitude of 3.4 on the Richter scale. This is the worst earthquake since January 2018 in Zeerijp. That quake also had a…
Norwegian oil company Equinor has awarded Kaefer Energy a contract for insulation, scaffolding and surface treatment (ISO) on the Johan Sverdrup field in the Norwegian sector of the North Sea. The contract is worth more than a NOK 700 million (US$79.5) million. The contract…
The total economic benefit of the Nord Stream 2 project for the European Union, as of December 2018, is over US$11 billion (€9.9 billion), according to a new report from management consultancy company Arthur D Little (ADL). The report, which was released on the…
South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a US$1 billion agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister has said. Under the agreement, signed…
