Iranian Offshore Oil Company has restored production from two wells at the Salman oil field in the Persian Gulf. According to news service Shana, output from wells 62 and 63 has stabilised with the aid of gas lift. Source: Offshore Magazine
Azerbaijan has started commercial natural gas exports to Europe via the US-backed Southern Gas Corridor, helping the region to diversify supplies away from Russia. Gas pumped from the BP Plc-led Shah Deniz deposit in the Caspian Sea began flowing into Italy, Greece and Bulgaria…
Scotland-based energy company SSE has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy. SSE said that the sale was made through its subsidiary RockRose Energy for a total consideration of £120 million (US$164…
Iraq’s Ministry of Transport has signed a contract with Korea’s Daewoo to complete five infrastructure projects at the Grand Faw port. The contract includes the construction of a 14-kilometre navigation channel extending to the sea, the basin for the ships which will dock at…
Pandion Energy has an agreement to acquire 2.5% and 15% stakes from Wintershall Dea in Norwegian North Sea licences PL 820 S and PL 617. Subject to government approval, the transaction would lift Pandion’s interest in PL 820 S to 12.5%. In March…
Following the signing of the implementation agreement for the US$300 million Independent Power Project in January 2020, and under the patronage of the Ministry of Energy in Saudi Arabia, ACWA Power has executed the official agreements for the 240 MW wind power project which will…
We wish our readers, friends and families a wonderful New Year and that the pressures and that the worries and bother of Brexit and Covid will soon be behind you all.
Russia is stepping up work on the Nord Stream 2 pipeline before the US tightens sanctions against the controversial project designed to feed more natural gas into Germany. Construction of the 1,230-kilometre (764-mile) pipeline reached a milestone on the 27th December with the completion…
GE Renewable Energy has announced that it has secured a 27.2 MW contract to supply eight units of GE’s 3 MW-137 wind turbines to support construction of the Phuoc Minh Wind Farm, located in Ninh Thuan, in the South Central Region of Vietnam. A…
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to Rotterdam. Port of Rotterdam said on the 29th December that the Brazilian oil firm would transfer its commercial activities from the London-based Petrobras Europe to Petrobras Global Trading BV back…
