Norwegian oil major Equinor has encountered oil in the Monument exploration well in the US Gulf of Mexico. Equinor is the operator of the Monument exploration well with a 50% interest and its co-venturers are Petronas’ subsidiary Progress Resources (30%) and Repsol (20%). The…
innogy SE has taken the final investment decision for the construction of the 342-MW Kaskasi offshore wind farm in the German North Sea. Located about 35 km (22 miles) north of the island of Heligoland, Kaskasi will be the company’s third wind farm offshore…
One petroleum exploration permit has been granted for Block Offer 2018. The successful bid was granted to Todd Exploration Management Services for PEP 60573, which covers an area of 105 km2, east of Inglewood, in onshore Taranaki. Todd Exploration Management Services is owned…
Oil posted a record weekly jump on hopes that global producers will decide to make historic output cuts this week, though optimism was tempered by concern that the curbs won’t avert a glut. The OPEC+ coalition including Saudi Arabia will hold a meeting of its members…
A hull for the Energean-owned Energean Power FPSO sailed away from the COSCO yard in China on Thursday, the 3rd April. The FPSO keel-laying took place at the COSCO Yard, Zhoushan, China, in April 2019 and in October 2019 the hull was undocked and…
Gas production from Kuwait Energy Eqypt-operated Al Jahraa field in Egypt’s western desert through a new ten kilometre gas pipeline to the neighbouring KPC facility has begun, said partner United Oil & Gas Plc. The pipeline was brought onstream on the 22nd March and…
According to Höegh LNG Holdings Ltd, its subsidiary, Höegh LNG Ltd, has applied for an LNG infrastructure ownership, operations and development licence in Cyprus. In order to diversify its energy mix and reach new emission targets for power production, Cyprus needs to replace its…
TGS plans to start the Atlantic Margin 20 (AM20) 3D acquisition programme offshore north-west Europe this summer. The Polarcus Adira, said to be fully optimised for high lateral resolution recording and with two 11-kilometre (6.81-mile) streamers for full waveform inversion (FWI), will acquire the…
Starwood Energy Group Global, Inc has announced that it has finalised agreements with OGCI Climate Investments (“OGCI CI”) to invest in the development of a large-scale carbon capture facility to be integrated with a natural gas power plant. Starwood and OGCI CI will co-invest…
In another blow to Newfoundland and Labrador’s offshore oil industry, an exploration drilling campaign planned this year for the Flemish Pass has been delayed because of the global pandemic. That is a setback for an industry hoping to expand the province’s oil industry into…
