Integrated oil and gas company OMV has revealed that it has agreed to sell its upstream business in Pakistan to Dragon Prime Hong Kong Limited for a consideration of US$191 million. The transaction, which is subject to conditions such as relevant regulatory approvals, is…
Golar expects first LNG production soon through the FLNG vessel Hilli Episeyo offshore Cameroon. A ship-to-ship transfer of cool down LNG with the Golar Bear was completed in mid-December, followed by the introduction of feed gas from the onshore processing plant. Commissioning is…
Norwegian oil company Aker BP has made an oil discovery north of the Bøyla field in the North Sea offshore Norway. Aker BP, the operator of production license 340, has concluded the drilling of wildcat well 24/9-12 S and appraisal well 24/9-12 A, which was…
The report, now available on ASDReports, recognises the following companies as the key players in the global vertical axis wind turbine market: ArborWind, Envergate Energy, Oy Windside Production, Royall Power (a company of Ark Alloy), SAWT, and V-Air Wind Technologies. Commenting on the report,…
ExxonMobil has announced that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative which will examine ways to improve energy access, security and technology while reducing impacts on the environment. As part of its commitment, ExxonMobil will…
Total has acquired Marathon Oil Libya which holds a 16.33% stake in the Waha Concessions in Libya. This acquisition will give Total access to reserves and resources in excess of 500 million barrels of oil equivalent, with immediate production of around 50.000 barrels of…
Borders & Southern, the UK-based oil and gas exploration company with offshore assets in the Falkland Islands, is optimistic about its Darwin assets following an independent resource review. Namely, the company said on the 28th February that the independent evaluation of the Darwin East…
Wintershall Norge has awarded two major subsea contracts for its operated Nova field (formerly Skarfjell) in the Norwegian North Sea. A subsea production system contract has been awarded to Aker Solutions AS, and a pipeline and subsea construction contract has been awarded to Subsea…
Allseas’ Pioneering Spirit is making good progress with laying of the first string of the TurkStream gas pipeline in the Black Sea, according to operator Gazprom. The vessel recently passed the ‘KP660’ point close to the border of the Bulgarian Exclusive Economic Zone. It…
Africa Energy Corporation. is advancing its farm-out with plans to drill an exploration well in 2019 on Block 2B offshore the west coast of South Africa. The company announced the development after it was granted a two-year renewal of the exploration licence by South…
