Premier Oil has provided a trading and operations update for the period 1 January to 30 April 2020. As previously announced, the Group’s AGM has been deferred to 25 June 2020 in light of the Government’s public health instructions and stay at home measures…
The oil market has experienced unprecedented demand destruction, supply cuts and inventory builds in just a matter of weeks. Recovering from recent events will take considerably longer, IHS Markit Energy Advisory Service predicts in a new report. “It may be hard to comprehend now,”…
Oil and gas company Neptune Energy has conducted what it claims to be ‘the world’s first’ dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea. To remind, Neptune Energy kicked off its Fenja drilling campaign…
Gazprom has named a new gas field discovered last year in the Kara Sea off northern Russia ‘75 Let Pobedy’ (75 Years of Victory). The Skuratovskaya prospect on the shelf of the Yamal Peninsula (north-west Siberia) is thought to hold more than 200 bcm of recoverable reserves. …
Exide Technologies, the global provider of stored electrical energy solutions, has unveiled its new GNB Sonnenschein Lithium Material Handling Battery, optimised for the challenges of the modern warehouse environment. It also introduced its new cloud-based fleet management software, GNB Fleet, which optimises fleet uptime,…
NextDecade Corporation has warned that the COVID-19 pandemic and volatility in the energy markets may adversely affect its business, including efforts to reach a final investment decision (FID) on its 27-million tonne/year (tpy) Rio Grande LNG liquefaction plant in Brownsville, Texas. Prospects for development…
Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s Midland region, about 8% of oil volumes which feed Energy Transfer’s pipe network…
Oil giant Petrobras has made two new oil discoveries in Brazilian offshore waters. In an update on the 11th May, Petrobras said it had confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of…
Technology which has the potential to help the oil and gas industry save millions of pounds by almost trebling the chance of drilling a successful well has taken a major step forward. The results of a North Sea field trial in 2019, carried out…
Van Oord’s heavy lift vessel Svanen has arrived at the Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea. Van Oord entered into an agreement with Vattenfall for the transport and installation of the foundations for the Kriegers Flak wind…
