The countries along the Adriatic region are experiencing one of the most intense and thrilling moments in the history of hydrocarbon exploration in this area. Croatia has finally launched its third onshore license round and together with Montenegro, Albania and Greece are leading an…
The Australian Energy Market Operator has been fretting about the increase in the penetration of rooftop solar for some time now, and perhaps most of all in Western Australia, one of the world’s biggest “stand alone” grids, where the solar uptake is accelerating rapidly. …
Saudi Aramco has signed a US$10-billion agreement to form a joint venture with China North Industries Group Corporation (Norinco) and Panjin Sincen to develop a fully integrated, grassroots refining and petrochemical complex in Panjin, in China’s Liaoning province. Under the agreement – the largest…
One of Ophir Energy Plc’s earliest investors and an influential London banker, Ian Hannam, is adding to pressure the exploration company is facing over a takeover plan. Mr Hannam wrote to the company’s interim Chief Executive Officer Alan Booth and the board saying they…
They are slowly ploughing their way across thousands of miles of ocean toward America’s Gulf of Mexico coastline. As they do, twelve empty supertankers are also revealing a few truths about today’s global oil market. In normal times, the vessels would be filled with…
Royal Boskalis Westminster has acquired a 62.5% majority stake in the Horizon Group from the United Arab Emirates. Announcing the deal on the 21st February, Boskalis said that Horizon’s main activities include marine geophysical surveys and geotechnical services. The remaining 37.5% of the…
PSW Group, a maintenance and service provider to the Norwegian subsea and drilling industry, has signed an agreement with Wergeland Holding AS to use Europe’s largest dry dock – being built in Norway – for offshore drilling units. PSW said on the 20th February…
AIM-listed Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided an update in relation to its Greater Mediterranean portfolio. Abu Sennan, Egypt (22% working interest) Current production from the Abu Sennan concession is…
Charles Taylor opens Belgium office, targets growth in Europe International loss adjuster Charles Taylor Adjusting (CTA) has opened a new office in Belgium to expand its property/casualty offering in Europe. The company said it enjoyed solid growth in the P&C arena and particularly in…
The Netherlands became a net importer of natural gas last year for the first time since the commissioning in 1963 of giant Groningen gas field, production of which is being phased out by the government. GasTerra, which markets Groningen gas for NAM, the ExxonMobil-Shell…
