HitecVision-backed UK player NEO Energy has finally completed the acquisition of ExxonMobil’s non-operated oil and gas assets in the central and northern North Sea, positioning itself among the top five producers in the North Sea. NEO Energy has been expanding its footprint in the…
Amid the rusted remnants of Venezuela’s once-mighty oil industry, a motley crew of obscure drillers has achieved a feat few thought possible: It’s more than doubled the country’s crude production in the space of a year. State-owned Petroleos de Venezuela SA has been pumping…
The Enbridge Line 3 replacement pipeline, which delivers crude oil from Edmonton to Superior, Wisconsin, became fully operational on the 1st October, increasing the pipeline’s capacity to 760,000 bpd. Before the replacement, Enbridge Line 3 had a capacity of about half that amount. Because…
Shell Offshore Inc has made an oil discovery at the Blacktip North prospect in the US Gulf of Mexico in OCS block Alaminos Canyon (AC) 336, about 220 miles south-south-east of Houston. The well was drilled to a total measured depth of 27,770 feet and…
United States officials have told members of Congress they have an understanding with Germany about shutting down the Nord Stream 2 pipeline if Russia invades Ukraine, a senior congressional aide told Reuters on the 7th December. The aide said US officials told Congress they have been…
Oilfield services major Baker Hughes has been awarded a contract by Bechtel to provide gas turbines and centrifugal compressors for the expansion of Woodside’s Pluto LNG processing facility in Western Australia. Pluto Train 2, using Baker Hughes’ technology, will be one of the most…
UK E&P company Spirit Energy has entered into agreements to divest its Norwegian business and the Statfjord UK field. The total headline consideration is US$1.076 million, plus a contingent payment linked to commodity prices. Spirit Energy entered into a deal with Sval Energi,…
Rolls-Royce’s hybrid-electric aero power and propulsion system has delivered more than a megawatt of power just weeks after going on test for the first time. Power Generation System 1 (PGS1) reached the milestone at the newly-renovated Testbed 108 in Bristol, UK. Testing is continuing…
INPEX has entered an agreement with Diamond Generating Europe, a Dutch registered subsidiary of Mitsubishi, to acquire interests in two offshore wind farms in the Dutch North Sea. The company will gain a 50% stake in the Eneco Luchterduinen wind farm and 15% in…
Touchstone Exploration Inc released data from two tests of the Royston-1 exploration well on the Ortoire block, onshore in the Republic of Trinidad and Tobago. Both tests confirmed separate light oil discoveries. The first and deepest Royston-1 completion and exploration test was designed to…
