Energean will pursue a revised shallow-water tieback development of the Epsilon field offshore western Greece, subject to finalization of a funding package. The estimated Phase 1 capex is around US$70 million, including construction of the Lamda platform and completion of three pre-drilled production wells….
According to the announced development plan, the East Africa Crude Oil Pipeline will transport crude oil produced in Uganda’s oil fields to the port of Tanga, Tanzania. The project is expected to be officially put into use in 2025, when the energy transmission channel from…
Poland has said that the waiver of US sanctions on the company behind Russia’s Nord Stream 2 was a threat to energy security in central and eastern Europe. The Biden administration waived sanctions on Nord Stream 2 AG and its chief executive earlier last…
Despite sanctions imposed by the US in January, Russian vessel Fortuna has started laying pipes for the Gazprom-led Nord Stream 2 gas pipeline in German waters. According to an article by Reuters, Germany’s Waterway and Shipping Authority stated that the Fortuna arrived on site…
Oil advanced above US$64 a barrel as more signs that the US. economy is rapidly bouncing back from the pandemic outweighed concern a revival of the Iranian nuclear deal will lead to an increase in global supply. West Texas Intermediate was 0.8% higher, after…
Equinor Energy AS and partners have selected a concept for developing six discoveries in a joint unitisation project on Haltenbanken in the Norwegian Sea. The development concept is a subsea tie-back to Åsgard B platform, using existing facilities and infrastructure. Haltenbanken East will…
Many homeowners might have given up and bought a different home when faced with the utility hassle which landowner Derrick Zearley experienced. Instead, he looked to solar + storage to avoid interconnection altogether. Mr Zearley purchased land located on a boundary of two utility…
Maersk Supply Service says it will reflag one of its M-class anchor handling vessels to the Norwegian flag, hire Norwegian crew, and set up an office in Bergen. The plan is to have its first vessel ready for operation in Norwegian waters during summer…
Wintershall Dea has announced that it has made a significant gas, condensate, and oil discovery at the Dvalin North prospect in the Haltenbanken area of the Norwegian Sea. The Dvalin North find, which is just over seven miles from the company’s operated Dvalin field,…
Perth-based Finder Energy has completed the acquisition of two highly prospective UK North Sea operated licences, P2502 and P2524, from Azinor Catalyst Limited. P2502 is located on the western edge of the East Shetland Basin, Northern North Sea, covers an area of 424 square…
