Origin Energy Ltd has submitted a notification and initial report of its liquids-rich gas discovery in the Kyalla-117 N2-1H ST2 well in the onshore Beetaloo subbasin of the Northern Territory, Australia. The initial report is based on early well flow data and follows recent…
Vermilion Energy Inc. has approved a 2021 exploration and development capital budget of US$300 million, a 17% reduction from 2020. Some 31% of the 2021 capital budget will be invested during the first quarter, compared to 65% in 2020. The programme is expected to deliver…
Elon Musk’s SpaceX, an aerospace manufacturer and space transportation services company, reportedly bought two Valaris rigs last year to convert them into floating launchpads for its Starship rockets. According to a report by CNBC on the 19th January, SpaceX bought two Valaris rigs, Valaris…
Israeli company StoreDot Ltd has manufactured the first battery for electric vehicles which can be charged in just five minutes, a step towards making refuelling as fast as cars at a gas station. The lithium-ion samples were produced by StoreDot’s strategic partner in China, Eve Energy Company,…
Total has announced the acquisition of a 20% minority interest in Adani Green Energy Limited (AGEL) from Adani Group. The transaction marks the deepening partnership between the Adani Group – India’s leading infrastructure platform – and Total, in the transition and green energy fields…
OMV Petrom has started a new offshore drilling campaign in shallow waters of Istria block in the Black Sea. First drilling operations started at end of December 2020 and drilling of the second well will start at the beginning of this year. The…
An unnamed operator has awarded Solstad Offshore ASA’s PSV Sea Forth a term contract to support its assets in the UK North Sea, starting on the 1st April. The contract is for an initial one-year firm period and includes two optional years. Source:…
World’s Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa. The number of attacks on vessels globally jumped…
The Canadian province which invested US$1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds. “If the project ends, there would be assets which could be sold, such…
The Norwegian Ministry of Petroleum and Energy has offered 61 production licences on the Norwegian continental shelf in the Award in Pre-Defined Areas 2020 (APA 2020) to 30 companies. The APA 2020 was launched on 19 June 2020 and the awards were announced on…
