The plan for development and operation (PDO) of the second phase of the Johan Sverdrup field development located offshore Norway was formally approved by Norwegian authorities on the 15th May Equinor, the operator of the project, said that the approval came on the same…
Partners in Block 5 located offshore Mexico have signed a sales and purchase agreement with Ophir Energy to acquire Ophir’s 23.33% interest in the block. The partnership consists of Murphy (operator), Petronas, and Wintershall Dea. As previously reported, Ophir decided to sell its…
US Senators Ted Cruz (R-Tex.) and Jeanne Shaheen (D-NH) introduced a bill on the 14th May which would impose targeted sanctions against vessels involved in constructing the proposed Nord Stream 2 natural gas pipeline and other Russian energy projects. “Nord Stream 2 threatens Europe’s…
It is well known that Argentina is one of the fastest developing countries in the oil & gas industry globally, gathering increasing attention from producers and international investors. What is now becoming more apparent is Argentina’s enormous renewable energy potential, as its renewable market…
Aker Solutions has launched ix3(TM), a software and digital services company which enables operators to accelerate field development projects and optimise asset performance. ix3 has created a digital twin platform called Integral which brings together engineering, manufacturing and test data with live-streamed operational data….
Talon Petroleum has completed the acquisition of EnCounter Oil. Talon now holds 100% interests in EnCounter’s highly prospective exploration licences in the UK North Sea. Licence 2363 contains the 107mmbo (best estimate prospective resource) Skymoos Prospect and Licence 2392 which hosts the…
Floating platform technologies will become increasingly important as global energy markets turn to offshore wind systems to meet demand for renewable energy, said a Stanford University official at the recent Offshore Technology Conference in Houston. In his presentation on “Floating Offshore Wind: Technology, Policy,…
The exploration sector has got its mojo back, according to energy research and consultancy company Wood Mackenzie. WoodMac, which recently completed its 11th annual exploration survey, said the study showed continued optimism and increased favour for high or big impact wells. Capital efficiency was…
Singapore’s offshore rig builder Keppel Offshore & Marine has won another contract in the renewable energy sector following last week’s major contract award in the offshore wind market. Last week, in cooperation with Norway’s Aibel, Keppel secured a contract from TenneT Offshore GmbH for…
The National Iranian Oil Company (NIOC) opened an economic representative office in Iraq on the 4th May. The decision was made during a meeting bringing together executives at Iraq’s Oil Ministry and Iranian oil industry equipment producers, on the side-lines of the Iran Oil Show 2019. …
