Brazilian oil company Petrobras has kicked off oil and gas production from its Lula Norte area in the Santos Basin. Petrobras said on the 1st February that oil had started flowing into the P-67 FPSO, which is the ninth production unit installed in the…
Greencoat UK Wind Plc has agreed to acquire a stake in the Stronelairg and Dunmaglass wind farms from FTSE 100 utilities firm SSE Plc. The FTSE 250 renewable energy investor said it would acquire a 49.9% stake in each of the wind farms in…
JV Vietsovpetro has reported the start of production from Ca Tam (Beluga) oil field offshore Vietnam with commissioning of the CTC-1 wellhead platform. Initial flow from three wells was 11,900 b/d, according to the Russian-Vietnamese joint venture and state-owned Zarubezhneft of Moscow. The…
Oil sanctions imposed by the US on Venezuela last week could prove to be an energy windfall for India and China. The Trump Administration announced sanctions against Venezuela’s state-owned oil company, Petróleos de Venezuela, SA, or PDVSA, targeting the Latin American country’s lucrative crude…
Floating liquefied natural gas industry is expected to continue its growth in the future, however, it will be at a slower steadier pace of growth is likely as FLNG competes for capital and buyers in a busy LNG market. According to the research and consultancy…
India’s second round of bidding on licenses encompassing discovered small fields attracted 145 bids for 24 of the 25 blocks on offer. Vedanta Ltd submitted the most bids by a single company, 21. Thirty-nine companies submitted bids, alone or as group members, including…
Oil headed for its biggest monthly gain since April 2015 as data showed the OPEC+ coalition’s output cuts starting to kick in, while a more dovish Federal Reserve boosted markets and improved the growth outlook. Futures in New York rose for a third day,…
The Glengorm area will likely be an industry hotspot in the coming years. That is according to Rystad Energy Principal Simon Sjothun. “Glengorm represents an exciting new chapter for the UKCS which continues to yield new resources and opportunities despite its mature nature. …
Canada’s Husky Energy is in the process of restarting operations at the SeaRose floating production, storage and offloading (FPSO) vessel offshore Canada following a huge offshore oil spill in November 2018. The first well was brought online on the afternoon of the 30th January,…
UK’s Oil and Gas Authority (OGA) has launched the Supplementary 31st Offshore Licensing Round in an attempt to maximise economic recovery from the Greater Buchan area of the North Sea. OGA said on the 31st January that the licensing round presented an opportunity to…
