French Total has signed definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. The project will be developed using offshore platforms in northern West…
Seapulse has entered an alliance with London-based E&P independent EnQuest. The two parties will work together to ‘streamline’ the development process for discoveries, Seapulse said: the company’s declared strategy is to adopt a low-cost, high-impact portfolio approach to offshore exploration. Last year it…
Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project. The roughly one-year delay to Enbridge Inc’s expansion of its Line 3 conduit, announced last week, threatens to prolong a shortage of pipeline space that…
Energean Oil and Gas, the oil and gas producer focused on the Mediterranean, has commenced its 2019 drilling programme in Israel, which consists of three development wells and Karish North. Following this four-well campaign, Energean has a further six drilling options available in its…
Gas Company (Tanzania) Limited (GASCO) has invited sealed tenders from eligible suppliers of supply and installation of back-up sever and integration with existing SCADA system for Madimba GPP and Gas Pipeline. Tendering will be conducted through the National Competitive Bidding procedures specified in the…
Together with partners Petoro, ConocoPhillips, and Repsol Equinor is considering linking a recent oil discovery made with the Telesto exploration well in the Tampen area in the northern North Sea to existing infrastructure in Visund field. Resources are estimated at 12-28 million bbl of recoverable…
The technology group Wärtsilä has successfully handed over projects for two Wärtsilä engine power plants installed in the Dominican Republic. The additional capacity is needed to meet the increasing electricity demand from the country’s growing tourist industry. Both hand-overs took place in December 2018….
EIOPA issues no-deal Brexit contract continuity recommendations European Insurance and Occupational Pensions Authority (EIOPA) has issued guidance for European regulators to ensure insurance contract continuity if the UK leaves the European Union with no deal. The UK is set to leave the EU on…
Northern Drilling has won a contract for its harsh environment newbuild semi-submersible rig West Bollsta with Lundin Petroleum in Norway. John Fredriksen’s Northern Drilling said the drilling program for the rig, previously known as Bollsta Dolphin, included the development of the Luno II field and…
ExxonMobil’s Glaucus-1 gas discovery in 2,100 metres (6,890 feet) water depth south-west of Cyprus could hold recoverable resources of around 700 MMboe, according to Rystad Energy. Senior upstream analyst Palzor Shenga said the result and previous deep-water finds off the south coast could help…
