SDX Energy, the MENA-focused oil and gas company, has provided an update on well-testing operations at the SD-12X (‘Sobhi’; SDX 100% working interest) discovery well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest). The drill stem test (DST)…
Oil advanced as traders eye a production slowdown that has resulted from the coronavirus-led weaker demand environment. Futures gained 20% in New York on the 23rd April. With crude trading below US$20-a-barrel, US production has declined rapidly, now at the lowest since last July….
In the ongoing saga of the oil price slump triggered by the coronavirus or Covid-19 global pandemic, the sub-plot of Iran – a key OPEC crude exporter sanctioned by the US and one of the world’s most troubling pandemic hotspots – has largely gone under…
Australia-based Triangle Energy has identified three key opportunities which could be drilled and developed from the existing Cliff Head Alpha platform offshore Western Australia. Triangle said on the 23rd April that the drilling opportunities were identified during the now completed Cliff Head Renewal Project…
Van Oord’s Aeolus has installed 77 foundations for Blauwwind’s Borssele III & IV wind farm in the Dutch North Sea. The company’s cable-laying vessel Nexus has also installed four out of the 12 cable strings. The project will soon start with the installation…
Geronimo Energy, a National Grid company, and Cargill have announced the execution of a Virtual Power Purchase Agreement (VPPA) for the Prairie Wolf Solar Project (Prairie Wolf) in Coles County, Illinois. The contract marks the second renewable energy VPPA executed between Cargill and Geronimo, the first being for a…
Subsea 7 has announced the award of a substantial (1) contract by Vattenfall for the Hollandse Kust Zuid (HKZ) 1-4 offshore wind farm project, located between 18-36 km off the Dutch coast in the North Sea. The contracted work scope includes the transport and…
Neptune Energy discovered two hydrocarbon deposits in north-western Germany following successful drilling of Adorf Z15 gas and Ringe 6 oil wells. In February, Adorf Z15 appraisal, in the municipality of Emlichheim, reached final depth of 3,500 metres in the Carboniferous formation. Production tests indicated…
State-run Qatar Petroleum said on the 22nd April it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation….
A historic crash in crude prices is driving US shale into full-on retreat with operators halting new drilling and shutting in old wells, moves which could cut output by 20% for the world’s biggest producer of oil. For shale companies, the price of West…
