Tullow Oil Plc announced on the 21st October that it has received government approvals for the US$575 million sale of its Uganda assets to Total. The Government of Uganda and the Ugandan Revenue Authority have executed a binding Tax Agreement which reflects the pre-agreed…
UK-based companies Ultrabeam Hydrographic and Unmanned Survey Solutions (USS) have recently teamed up to conduct two subsea gas pipeline inspection surveys in Northern Ireland. The contract came from Mutual Energy with aim to gain experience on how unmanned autonomous platforms can increase the knowledge…
Iraq’s reconstituted national oil company Inoc will be operational by early 2022, more than 30 years after it was broken up under Saddam Hussein’s regime, according to oil minister Ihsan Ismael. “By the third quarter of 2021 or first quarter of 2022, we will…
Svenska Petroleum Exploration has secured approval via presidential decree to extend the terms of two licences offshore Guinea-Bissau. The current exploration period for the Sinapa and Esperanca licences will now expire on the 2nd October 2023. Operations in the licences, including preparation for…
Onshore wind turbines can be found everywhere from the tropics to the Arctic. Three decades ago, developers started putting them on fixed foundations out at sea, sparking the rise of the offshore wind market, which added 6.1 gigawatts of new capacity in 2019. …
Kinetiko Energy has announced that Afro Energy has received approval to produce an amount of gas annually for a two year period from the Amersfoort Project exploration rights ER56 and ER38 by the Minister of Mineral Resources of the Republic of South Africa (DMR). …
Enbridge Inc’s Line 3 340-mile crude pipeline replacement project has received a favourable ruling from the Minnesota courts. Administrative Judge James LaFave ruled that the joint petitioners against the line had failed to meet their burden of proof in claiming that Minnesota pollution regulators…
Post-Brexit Reality: Europe Will Still Need London for Finance and Business – Opinion Article from The Insurance Journal Brexit could one day give the European Union an opportunity to challenge the City of London’s dominance as a global financial hub. Right now, however, the EU…
Chrysaor plans numerous facility modifications and well campaigns at its operated fields in the UK North Sea. In a statement concerning its proposed merger with Premier Oil, the company said a late-life compression project had been approved for the North Everest field, which produces…
Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean and whose operations Israeli officials treat as top secret. Europe Asia Pipeline Company, controlled by Israel’s government, and UAE-based MED-RED Land Bridge Ltd signed…
