AIM-listed UK Oil & Gas (UKOG) has signed a binding heads of agreement with Aladdin Middle East (‘AME’), an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated working interest in the 305 sq km Resan Licence. …
The condition of the decaying oil storage vessel Safer, floating north of Hodeidah, Yemen, is deteriorating daily, posing a major threat of an oil spill, the UN Security Council was told last week. There is a concern that the dilapidated tanker might rapture causing…
Gazprom Neft and Shell have signed an agreement to establish a joint venture to study and develop the Leskinsky and Pukhutsyayakhsky licence blocks on the Gydan Peninsula (northern Siberia), Gazprom Neft has revealed. The partners will each have a 50 percent interest in the JV, which will be managed…
Heerema Marine Contractors (HMC) reported on the 21st July that its Sleipnir semi-submersible crane vessel (SSCV) has set a record for the largest single lift jacket removal. The SSCV successfully removed the 8,100-metric-ton Jotun-B jacket for Vår Energi in the Norwegian sector of the…
Nigerian National Petroleum Corporation (NNPC) and First Exploration & Production (First E&P) have completed the SURF installation campaign on Anyala and Madu fields under OML 83 and OML 85, offshore Nigeria. The offshore installation campaign featured the installation, piling and grouting of subsea arch…
Two leading energy technology and innovation organisations have announced a five-year collaboration to deliver next generation energy technologies and accelerate the United Kingdom’s transition to a net zero future. The Energy Transition Alliance (ETA), formed by The Oil & Gas Technology Centre (OGTC) and…
In the pursuit of a rechargeable battery which can power electric vehicles (EVs) for hundreds of miles on a single charge, scientists have endeavoured to replace the graphite anodes currently used in EV batteries with lithium metal anodes. But while lithium metal extends an…
MHI Vestas Offshore Wind has hired Swire Blue Ocean A/S to transport and install the wind turbine generators at the Seagreen wind farm, 27 km (17 miles) off eastern Scotland. The company expects to install 114 V164-10 MW turbines in the second half of…
Lalea Energy BV has agreed to acquire 100% participating interest in the Bobocu production licence, onshore south-eastern Romania, from Claren Energy Corporation, Toronto. Lalea will assume the remaining contractual obligations with the Romanian government through the acquisition of 100% of Claren Operations Ltd. a…
The UK upstream oil and gas sector has become leaner and more resilient over recent years. That’s according to GlobalData, which noted that pullbacks in investment and reduced operating costs have helped provide a stronger cash flow outlook under newly weakened oil and gas…
