Equinor has brought on-stream the Visund Nord IOR (improved oil recovery) project in the Norwegian North Sea, below budget and two months ahead of schedule. “It took 21 months from the time the license partners chose the concept until production started. This is a…
On the 5th September Allseas-owned offshore pipelay vessel Solitaire started the pipelay for the Nord Stream 2 natural gas pipeline in the Gulf of Finland. Nord Stream 2 AG, a Gazprom subsidiary, is the operator of the Nord Stream 2 project. The company completed the…
Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik licence bordering discoveries by Exxon, a spokesman said on the 5th September. Exxon and US partner Hess Corporation have said…
Subsidy cuts are forcing developers to court corporate customers. European wind industry body WindEurope claims the region is on the verge of a corporate renewable energy power-purchase agreement (PPA) “revolution” as state subsidies tumble. A significant decline in in government-set feed-in tariffs is forcing…
The topsides for the C14 platform at the South Pars field has departed the SADRA shipyard, according to news service Shana. The platform, part of the Phase 14 development, is designed to produce 500 MMcf/d of sour gas from the reservoir. Installation is…
Saudi oil company Saudi Aramco has awarded the first large-scope integrated services contract for its Marjan oilfield – the first of three major offshore expansions in Saudi Arabia, and the company’s largest upstream development project this year – to Baker Hughes (BHGE). BHGE said…
The world is ticking down to a deadline which promises to have major ramifications in the global fuel markets. On the 1st January 2020, the International Maritime Organisation (IMO) will require the sulphur content in marine fuel to drop from a maximum of 3.5%…
ExxonMobil said on the 3rd September that a blockade by former employees threatens crude production at oil facilities in Nigeria, adding that “disruptions to these operations have the potential to significantly impact revenues.” The company made the announcement in a statement after a six-week…
US-based independent exploration and production company Talos Energy entered into and completed a transaction to acquire Whistler Energy II LLC on the 31st August. Talos said on the 4th September that the purchase price was US$52 million and, as part of this acquisition, the…
LLOG Exploration Company LLC, Covington, Louisiana, has brought online several wells in the deep-water Gulf of Mexico and will move forward with additional development projects. Crown & Anchor – a previously announced two-well oil discovery in 4,200 feet of water on Viosca Knoll Blocks…
