Landsvirkjun has started the process of developing a hydrogen production facility at the 16MW Ljósifoss Hydropower Station, about 70 km outside of Reykjavík. Landsvirkjun has presented the possibility to the District Board of Grímsnes and Grafnings District, who can decide whether to permit the…
Subsea 7 has confirmed the award of a substantial (1) contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project. As previously announced on 23 April 2020, the contract was subject to the client’s final investment decision, which has now…
New Zealand Oil & Gas (NZOG) is looking to increase its portfolio through the acquisition of producing assets, developing projects, and exploration prospects. NZOG said in its strategic review on the 4th June that the future direction of the company would be to assess…
The US Department of Energy revealed on the 3rd June that the United States has finalised a Strategic Petroleum Reserve (SPR) lease agreement with Australia. The deal, which was signed by US Secretary of Energy Dan Brouillette and Australia’s Minister of Energy and Emissions…
Iran has signed an agreement on exports of electricity to neighbouring Iraq, covering 2020 and 2021. The two sides signed the agreement during a visit to Baghdad by Iran’s Minister of Energy Reza Ardakanian, stressing their determination to broaden cooperation in the energy sector,…
Malaysia Marine and Heavy Engineering (MMHE) has contracted Siemens Gas and Power to supply power equipment for Petronas’ Kasawari gas field development in the South China Sea, offshore Sarawak. The package comprises three SGT-300 industrial gas turbine generators (GTGs), three mechanical-drive SGT-300 gas turbines,…
Rolls-Royce has been awarded a full-service engineering design framework contract with the United Kingdom Atomic Energy Authority (UKAEA), the government research organisation responsible for the development of nuclear fusion power. The four-year framework means that Rolls-Royce will support the delivery of multi-disciplinary projects covering…
Petronas through its subsidiary, Petronas LNG (PLL), recently completed its maiden delivery of liquefied natural gas (LNG) to Yangon, Myanmar, with two LNG cargoes delivered in May and June 2020. The delivery of the two LNG cargoes is part of a Master Sale and Purchase…
Belorusneft has discovered two new oilfields, Izbynskoye and North Omelkovichi, in Khoiniki district, Gomel region, south-east Belarus. Reserves of light, sweet, low-viscosity oil with high light fraction yield are estimated in excess of 2.5 million tons. The discoveries increase prospects and resource potential…
Brent oil rose above US$40 a barrel for the first time in almost three months on signs that OPEC+ producers are close to agreeing on a short extension of their historic deal to cut output. Futures in London climbed around 2% after closing at…
