Exploration activity on the Norwegian shelf is profitable in all areas, according to a resource report from the Norwegian Petroleum Directorate (NPD). Torgeir Stordal, director for Exploration at the NPD, said: “A diverse range of players, good access to acreage, and a higher volume…
Companies in the industrial sectors account for more than 12Gt of the CO2 emissions worldwide. To reduce emissions, governments and companies have intensified their efforts to transition to a carbon neutral economy by increasing green energy sources, mainly renewables. Siemens Gamesa is leading the…
Providence Resources is finalising the commercial terms of a farm-out of the Barryroe licence with SpotOn Energy. In order to facilitate full completion of the farmout documentation, Providence has agreed to extend the exclusivity period to the 30th November 2020. CEO Alan Linn commented:…
BP will cease production from its Kwinana oil refinery south of Perth and convert the facility into a fuel import terminal. Oversupply in Asia and sustained low refining margins have made the refinery uneconomical, and – after exploring numerous options – conversion to a…
Tethys Oil, through subsidiary Tethys Oil Oman Onshore Ltd, will become increase its holdings and become operator in the exploration and production licence covering Block 56 onshore Oman in a farm-in agreement with Medco Arabia Ltd, a subsidiary of PT Medco Energi Internasional Tbk of…
There’s been an ongoing pendulum swing between majors and independents as the controlling group of the Permian basin’s destiny for many years, but who controls the region now? Well, according to a new Wood Mackenzie (Woodmac) editorial from the company’s Americas upstream oil and…
The worst-kept secret in Newfoundland and Labrador’s oil industry has been confirmed: an exploration drilling campaign this summer in the Flemish Pass Basin has resulted in new discoveries. The results will likely raise hopes about the future of the Bay du Nord project, which…
Impact Africa Ltd has received approval from the Government of South Africa to take forward the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa, on a 100% operated basis. ExxonMobil Exploration and Production South Africa Ltd and Equinor…
The Scottish Government has set a new ambition to increase offshore wind capacity to 11 gigawatts of energy installed by 2030 – enough to power more than eight million homes. The aim of substantially increasing the offshore wind capacity in Scottish waters supports the…
The semi-submersible West Phoenix is concluding a current wildcat well for Neptune Energy on the Fenja field in the Norwegian Sea. According to the Norwegian Petroleum Directorate (NPD), well 6406/12-G-1 H, drilled in 322 m (1,056 ft) of water in licence PL586, is an…
