Canada risks becoming a “banana republic” for its restrictive energy policy and failure to attract new investment into the sector, according to a Calgary money manager. “We have had basically signs on our energy industry that Canada is closed for business,” Geeta Sankappanavar, co-founder…
Shell’s Brent Bravo platform topside has arrived at Able UK’s Able Seaton Port following its removal from the UK North Sea with the giant Pioneering Spirit vessel last week. The Allseas-owned Pioneering Spirit vessel removed the 25,000 t Brent Bravo topsides on the 18th June….
TGS and PGS have committed to the Jeanne d’Arc High Density 3D (HD3D) multi-client survey offshore Newfoundland. The programme, which PGS’ Ramform Atlas has started, will cover around 5,000 square kilometres (1,930 square miles) over multiple exploration licenses, significant discovery licences, and parts of…
Qatar Petroleum (QP) has awarded OPC and its local partner CDC a five-year call off contract for the supply of subsurface engineers and geoscientists. The contract was awarded to the CDC-OPC Joint Venture following a competitive tender. The services to be provided are…
Inpex has signed a Heads of Agreement (HoA) for the US$20 billion Abadi LNG Project, which involves developing the Abadi gas field in the Masela Block located in the Arafura Sea in Indonesia. The agreement was signed with Indonesian authorities on behalf of the…
Oil rose after Iran said it shot down a US spy drone in its airspace, stoking Middle East tensions further after the attack on two tankers last week, while a more dovish Federal Reserve weighed on the dollar. Futures climbed as much as 3.3%…
The Turkish government sent a second energy exploration vessel to contested waters off Cyprus, defying European Union threats of retaliation. The 230-metre (755-foot) long Yavuz, which is able to drill 12,200 meters deep, will begin operations in early July, Melih Han Bilgin, the chief…
Oil and gas company Lundin has made two oil discoveries in exploration wells 16/1-31 S (Jorvik) and 16/1-31 A (Tellus East) on the eastern edge of the Edvard Grieg field in PL338 on the Utsira High off Norway. Lundin received consent for exploration drilling…
Petrofac and Marginal Field Development Company (MFDevCo) have agreed to collaborate on opportunities for the recovery of stranded gas. The two companies will jointly engineer, deliver and operate ‘gas to wire’ facilities for the redevelopment or production of gas from marginal fields, with a…
Siemens and Rolls-Royce signed an agreement today at the International Paris Air Show in Le Bourget for the sale of Siemens’ eAircraft unit. Through its Vision 2020+ company strategy, Siemens intends to sharpen its portfolio’s focus. For this reason, the company’s business with electric…
