A year ago, the US government saw American crude production averaging 11.95 million barrels a day in 2042. Shale drillers are set to exceed that this year. The Energy Information Administration now estimates output will top out at 14.53 million barrels a day…
State oil company OMNIS expects to stage roadshows in Houston and London next month to promote Madagascar’s licensing round, launched last November. On offer are 44 offshore blocks in the Morondava basin on the western margin of Madagascar. Exploration in the island began…
Vår Energi and Simon Møkster Shipping have completed the first phase of hybrid power conversion of the Stril Barents vessel, currently working as a supply vessel on the Goliat field in the Barents Sea offshore Norway. Vår Energi was formed late last year through…
BP Trinidad & Tobago LLC (BPTT) has let a contract to McDermott International Inc for the engineering, procurement, and construction of the Cassia compression platform, 57 kilometres south-east of Trinidad and Tobago. McDermott will provide EPC, hook-up, and commissioning of the 8,100-tonne Cassia C…
Vestas has been at the frontier of wind energy for 40 years, introducing market-leading wind energy solutions which have driven the down cost of energy and taken wind energy from niche to mainstream. Vestas has introduced the EnVentus wind turbine platform, which represents another…
Cracks are emerging in the US oil machine. Shale oil’s relentless production growth is easing, with growth next month set to be the weakest since May, according to the Energy Information Administration. Increases in the Permian Basin, the largest area, will also be the slowest…
Sand Hill Petroleum B.V. revealed on the 24th January that its wholly owned Hungarian subsidiary, O&GD Central Kft, has been awarded three hydrocarbon concessions in Hungary. The three exploration concessions, which total 752,900 acres, are located in the Pannonian Basin in Hungary, adjacent to…
French oil major Total is reportedly working on sanctioning the development of its Ikike project in Nigeria. Reuters has reported this week that the oil company’s CEO Patrick Pouyanne said at a conference that the offshore project would be approved “in the coming months.”…
Perhaps more than in other parts of the world, in the Middle East energy and water are closely intertwined. Any discussion about the outlook for electricity in the region also becomes a discussion about water. As was examined in detail in the latest WEO…
InfraStrata, the UK quoted company focused on the development of natural gas storage capacity, has announced that it has raised £1.5 million (before expenses) through a placing of 125,000,000 new ordinary shares of 0.01p each in the company at an issue price of 1.2 pence…
