Equinor has agreed to sell a 40.8125 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The initial consideration is £2.2 million (US$2.9 million), payable as a carry against 50 per cent of…
Production efficiency on the UK Continental Shelf (UKCS) has improved for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target. The Oil and Gas Authority (OGA) has published the 2019 Production Efficiency report which shows an impressive…
Climate-neutral energy – generating it, storing it efficiently and making it available again. One of the central issues in the energy transition in order to achieve the global climate targets. Hydrogen has long been regarded as the ideal solution here, but has yet to…
Jadestone Energy has received approval from the co-venturers to join the Maari production project offshore New Zealand as operator. Earlier this year the company agreed to acquire a 69% interest from OMV. Applications are progressing with regulators on other standard consents, and Jadestone…
Gazprom Neft has begun its full-scale development of a major hydrocarbon cluster (with total potential resources estimated at 650 million tonnes of oil) covering licence blocks in the Khanty-Mansi Autonomous Okrug and the Tyumen Oblast in Western Siberia. One million tonnes of liquid hydrocarbons have been produced at the project’s…
Petrofac reported on the 29th July that its Engineering and Production Services (EPS) unit has won a two-year contract from NEO Energy. The NEO Energy agreement calls on Petrofac to provide well management and well operator support for 25 UK Continental Shelf (UKCS) production…
French oil major Total has decided to divest its portfolio of mature non-operated assets located offshore Gabon to Perenco. Total said on the 30th July that its 58 per cent owned affiliate, Total Gabon, has signed an agreement with Perenco to divest its interests…
Elixir Energy Ltd, Adelaide, has logged 91 m of net coal in its second Nomgon coal seam gas well in southern Mongolia, adding to the confirmed areal extent of its earlier discovery. The Nomgon-2 reached 550 m TD and subsequent logging confirmed the find,…
Apache Corporation and Total have announced a major oil discovery at the Kwaskwasi-1 well drilled offshore Suriname in Block 58. The well was drilled using the Noble Sam Croft with Apache as operator holding a 50% working interest and Total holding a 50% working…
Life on Earth cannot continue without electrical energy, and a new form of renewable power which doesn’t need batteries is coming to the fore. In the near future, neutrinovoltaic devices will power every electrical appliance in the world, which Neutrino Energy Group founder Holger Thorsten…
