Singapore’s oil and gas company KrisEnergy has entered into a fourth extension of the long stop date under a farm-out agreement for Block 115/09 offshore Vietnam. KrisEnergy entered into the initial farm-out agreement with an unnamed “major international oil and gas company” for the…
For its third consecutive year, Hywind Scotland – the world’s first floating offshore wind farm – reaches the highest average capacity factor for any wind farm in the UK. With an average capacity factor of 57.1% in the twelve months to March 2021, the…
German energy infrastructure company Friedrich Vorwerk is guiding investors to expect its initial public offering (IPO) to price at €45-48 (US$53.55-57.12) per share, one of the bookrunners organizing the deal said on the 22nd March. Books are well covered throughout on full deal size,…
Gulf Keystone Petroleum Ltd has resumed growth plans to ramp-up gross oil production towards 55,000 b/d in Shaikan field, about 60 km to the north-west of Erbil covering an area of 280 sq km in the Kurdistan Region of Iraq. Remaining expansion activity includes…
To meet its 2050 net zero target, the United States needs to cover land 50 times the size of Austin, Texas, with solar PV, according to Rystad Energy. The independent energy intelligence company estimates that the utility solar PV installed capacity required to meet…
Italian oilfield services provider Saipem has received a letter of award from Qatargas for a new contract worth over US$1 billion related to the North Field Production Sustainability Pipelines Project located offshore and onshore the north-east coast of Qatar peninsula. The additional contract (the…
Buru Energy Ltd, Perth, plans a three-well exploration programme and a series of seismic surveys in its onshore Canning basin permits for the coming northern Australian drilling season in Western Australia. The drilling programme includes two wildcats and one development well. First will…
Germany’s Green Party has enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe’s biggest economy, creating a hurdle to a potential alliance with the conservatives. Chancellor Angela Merkel’s conservatives, who have backed the…
Total and Forêt Ressources Management have signed a partnership agreement with the Republic of the Congo to plant a 40,000-hectare forest on the Batéké Plateaux. The new forest will create a carbon sink which will sequester more than ten million tons of CO2 over…
Ørsted has started offshore construction activities for the 900-MW Greater Changhua 1 & 2a wind farms, 35-60 km (22-37 miles) off the coast of Changhua County, Taiwan. This year the company is expected to begin laying export and array cables and installing the offshore…
