Nigerian Oil Producer Sues Shell for More Than US$2 Billion Over Ownership of Wells A Nigerian oil producer has sued Royal Dutch Shell Plc for more than US$2 billion over the ownership of oil wells, intensifying a dispute around an asset sale completed six years…
IMA launches Houston marine practice with trio of hires Fast-growing broker IMA has hired Katie McCord, Jason Homrighaus and Allyn Roberts to add a marine practice to its Houston, Texas office as it continues to expand its natural resources brokerage. Atrium grows marine unit…
UK gas production will fall 75 percent by 2030 without new investment. That’s according to industry body Oil & Gas UK (OGUK), which noted that the global gas shortage that sent prices surging again this week is a powerful reminder of the UK’s need…
Damen’s fast crew supplier (FCS) 7011 class vessel has completed sea trials off the Turkish coast and is set to begin passage to the Netherlands. The Aqua Helix is a 74-metre (242-foot), 40-knot, 122-passenger crew change vessel. According to Damen, the FCS 7011,…
XTO Energy Inc, a subsidiary of ExxonMobil Corporation, has drilled a horizontal well in the Permian basin using Nabors PACE-R801 fully automated land rig. The rig is contracted to drill three horizontal wells on a test pad in Midland County, Texas. The rig…
The Boegoebaai “green hydrogen” development has been designated a Strategic Integrated Project (SIP) in the South African National Development Plan and is located in the Namakwa Special Economic Zone (SEZ). The project’s location and classification as a SIP are key enablers to exploring Boegoebaai’s…
On 15 September 2021 Poland signed its first Offshore Wind Sector Deal. This Government-industry collaboration aims to establish a leading offshore wind industry in Poland. Under the Sector Deal the industry commits to the creation of up to 60,000 direct and indirect jobs in…
Oil major ExxonMobil has increased its estimate of the discovered recoverable resource for the Stabroek Block offshore Guyana to approximately ten billion oil-equivalent barrels following its latest discovery. The updated resource estimate includes a new discovery at the Cataback-1 well, which brings the total…
Prime Minister Mustafa Al-Kazemi attended a signing ceremony on the 6th October for the construction of five new solar power stations by Masdar (Abu Dhabi Future Energy Company). This covers the first phase of the project, covering 1,000 megawatts of power out of a…
Russian Deputy Prime Minister Alexander Novak said on the 6th October that certification of the Nord Stream 2 undersea gas pipeline, which expects clearance from a Germany’s regulator, could cool soaring European gas prices. Prices have spiked in response to a recovery in demand, particularly from Asia, when…
