BP and ConocoPhillips have signed an agreement which will see BP take ConocoPhillips’ stake in the Clair field in the North Sea. In a separate transaction, BP will sell its non-operating interest in Kuparuk and satellite oilfields in Alaska to ConocoPhillips. As for the Clair…
Aker Solutions has secured a three-year contract extension, with two one-year options, from Perenco UK to continue operations and maintenance services on its southern North Sea assets. The contract builds on a 15-year relationship providing operations and maintenance services for Perenco UK’s southern North…
Lundin Norway has completed the PDO development drilling programme at its operated Edvard Grieg field on the Utsira High in the Norwegian North Sea. In its statement on the 5th July Lundin said that significant reserves upgrade and extension of the production plateau have…
Rosatom plans shortly to conclude contracts with new countries for the construction of Nuclear Power Plants abroad. At the present time, Rosatom has 67% of the world nuclear plant construction market, as head of the state-owned corporation Alexei Likhachev reported to Russia’s Prime Minister…
AIM-listed Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falklands Basin and the Greater Mediterranean region, has provided the following corporate and operational update. Appointment of Pathfinder Bank for Sea Lion development Standard Chartered Bank has…
Crude pared gains after hitting a three-year high in New York as prospects for accelerating supply damped enthusiasm for the rally and traders curbed bullish bets before the US holiday. Futures closed just 0.3 percent higher after surging past US$75 a barrel earlier in…
Following Equinor’s sanction of the giant Troll project in the Norwegian part of the North Sea, offshore vessel owner DeepOcean has confirmed securing a ‘significant’ contract to support the project. DeepOcean will be performing marine operations on Equinor’s Troll Phase 3 project in the…
Malaysia’s state energy company Petronas has bought its first ever US oil cargo of one million barrels of Mars crude, expected to arrive at its Malacca refinery in September, two sources with knowledge of the matter said on the 3rd July. One of the…
South Sudan’s plan to boost oil production should help it fund a forthcoming transitional government who seeks to end more than four years of civil war, the US ambassador has said. President Salva Kiir and rebel leader Riek Machar, still in talks in neighbouring…
SunPower one of the world’s most innovative and sustainable energy companies headquartered in California’s Silicon Valley, has joined the Mission SolarStratos expedition as the exclusive solar cell provider for its aircraft. Within the next two years, SolarStratos is expected to be the first solar-powered…
