Together with E.ON, Audi is building a solar energy park on the roofs of the two logistics centres of its plant in Gyor covering about 160,000 square metres. This will create Europe’s largest photovoltaic system installed on a building at the Audi Hungaria plant…
Panoro Energy has provided an update on the Dussafu Production Sharing Contract (‘PSC’), offshore Gabon, including a new oil reserves review from independent reserves auditor Netherland, Sewell & Associates Inc (‘NSAI’) on the Tortue field located within the PSC. John Hamilton, Chief Executive Officer…
India is feasting on Venezuelan oil, after the US imposed a de facto ban on crude imports from the Latin American nation. While flows to the US came to a halt, India became the Number One buyer of Venezuelan crude in the first half…
Spanish energy company Repsol has made a major gas discovery onshore Central Sumatra. Indonesia’s upstream regulator SKK Migas confirmed the find at Repsol-operated Sakakemang PSC, according to Wood Mackenzie research director Andrew Harwood. “Repsol’s Kali Berau Dalam-2 well re-entered after well control problems…
Equinor has signed a memorandum of understanding with Korea National Oil Corporation (KNOC) to jointly evaluate floating offshore wind in South Korea. “We plan to focus actively on progress and de-risking studies including feasibility studies,” said Jae-Heon Shim, senior vice president at KNOC. …
Dutch privately-held exploration and production operator Tulip Oil has started gas production from its Q10 offshore gas development in the Dutch North Sea. According to the company’s statement, the initial gas production from the well QA-01 started on Friday, the 15th February, to be…
Qatari national oil and gas company Qatar Petroleum has signed agreements with oilfield services majors Schlumberger and Baker Hughes which will see the two companies strengthen their presence in the country. Qatar Petroleum said on the 18th February that the memorandum of understanding signed with…
On the 17th February, the Kurdish Regional Government (KRG) reportedly suspended oil exports to Iran. According to Anadolu Agency, the KRG’s Ministry of Finance and Economy did not specify a reason for the move, and “it remains unclear whether the suspension is linked to…
On the 7th February, Excelerate Energy LP and Equinor Energy AS completed the first-ever ship-to-ship (STS) transfer of LNG in the Bahamas. Using Excelerate’s FSRU Exemplar and Equinor’s LNG carrier Arctic Voyager, a full LNG cargo was transferred using the double-banked LNG transfer system…
Although the precise outlook is uncertain, the world looks set to consume significant amounts of oil for several decades. That is according to BP’s latest Energy Outlook, launched in London on the 14th February, which considers a range of scenarios. All the scenarios…
