News

  • Nordex Extending Dutch Wind Farm “Wieringermeer” for Vattenfall

    Vattenfall, the owner of the Dutch electricity company Nuon, has signed a delivery contract for the expansion of the “Wieringermeer” wind farm with the Nordex Group at the Global Wind Summit in Hamburg.   The expansion comprises 32 N117/3600 turbines. Last year Vattenfall had ordered…

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  • Chevron agrees to sell Danish North Sea interests to Total

    Total will acquire the entire share capital of Chevron Denmark, pending regulatory and partner approvals.   The associated assets comprise a 12% interest in the Danish Underground Consortium (DUC), 12% of North Sea licence 8/06, and 7.5% of the Tyra West pipeline. The transaction remains…

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  • BP gets OGA permission for £200 million Vorlich project

    The Oil and Gas Authority (OGA) has given BP its blessing to develop the Vorlich field in the central North Sea.   The £200 million project will target 30 million barrels of oil equivalent (boe) and is expected to produce 20,000 boe per day at…

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  • Insurance Jottings

    London Market launches delegated authority platform The London Market Group (LMG) is launching its delegated authority platform this week as a core part of the London Market Target Operating Model (TOM).   DA SATS provides a central service to standardise the collection, validation, processing, and…

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  • Peru lifts force majeure from oil exploration block

    PXP Energy Corporation said the force majeure has been lifted from Peru’s Block Z-38 following recent changes in that country’s hydrocarbon law.   The offshore block is in the Tumbes basin.   The disclosure came in a PXP statement that cited a corporate update from…

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  • Trump applauds European efforts to diversify sources of energy

    President Trump applauded European nations’ efforts to diversify their sources of energy during his address to the United Nations on the 25th September.   “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation. That is why we congratulate European…

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  • Iranian Oil Tankers Disappearing from Tracking Systems

    Iran’s oil tankers are starting to disappear from global satellite tracking systems with just under six weeks to go until US sanctions are due to hit the country’s exports, making it harder to keep track of the nation’s sales.   No signals have been received…

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