Wind energy is considered as the most efficient energy of all the renewable energies available globally. This is because it does not emit toxic substances and wastes and do not contaminate air or water. Wind farms can be based onshore (on land) or offshore (sea…
Russia’s natural gas flows to the European Union rose to a record for the time of year as the nation starts talks with its former Soviet ally, Ukraine, on shipments to the 28-nation bloc beyond 2019. Supplies averaged 513 million cubic metres (18 billion…
Up to US$105 billion could be spent on decommissioning worldwide over the next decade, according to a new report from Wood Mackenzie (WoodMac). The report, which states that WoodMac expects US$32 billion to be spent on decommissioning around the world between 2018 and 2022,…
The Quadrant Energy/Carnarvon Petroleum partnership has confirmed a significant oil discovery in the Dorado-1 well offshore Western Australia. Light oil was recovered from the Caley member, with a gross hydrocarbon package of 96.1 metres (315 feet) and a net pay thickness of 79.6 metres…
BHP says its deep-water Victoria-1 well has found gas offshore Trinidad and Tobago. This was the first well of a Phase 2 exploration drilling campaign to assess further the commercial potential of the Magellan play, following the earlier LeClerc gas discovery. On completion…
Australian oil and gas company Woodside is preparing to spud the Shwe Yee Htun-2 appraisal well offshore Myanmar this month. The well, located in the Block A-6 in Southern Rakhine Basin, will appraise the volume, deliverability, and connectivity of the Shwe Yee Htun gas…
The Eastern Trough Area Project (ETAP) North Sea development, labelled by the Oil & Gas Authority (OGA) as the “poster child” for its Maximising Economic Recovery (MER UK) strategy, celebrates 20 years of production today, with the key hub expected to operate into the mid-late…
At the NATO meeting in Brussels, President Trump criticised Germany’s reliance on Russian natural gas: “Germany is totally controlled by Russia. They will be getting between 60 and 70 percent of their energy from Russia and a new pipeline.” President Trump’s point was that…
ConocoPhillips has awarded the midwater semi-submersible Transocean 712 a 13-well contract (about 580 days) in the UK North Sea. The contract is expected to begin in March 2019. The estimated firm contract backlog is about US$75 million. Additionally, the contract includes a one-well…
Norway’s Solstad Farstad has won new contracts and extensions of six offshore vessels. According to the shipowner, BP Egypt has declared the one-year option on the PSV Sea Swift resulting in continuous utilisation of the vessel through to August 2019. Equinor Brasil has…
