Tag Archive

Equinor awarded 9 licences

Equinor awarded 9 licences

May 23, 2018 No Comments

Equinor has been awarded 9 new licences in the 30th Offshore Licensing round, 8 as operator, as announced by the Oil and Gas Authority (OGA) today. “This strengthens our position as an ambitious UK explorer. We believe the UKCS is underexplored and anticipate that there are new discoveries yet to be made that can add […]

Eni Gets approval for development plan for Merakes discovery offshore Indonesia

Eni Gets approval for development plan for Merakes discovery offshore Indonesia

April 18, 2018 No Comments

Eni announces the approval of the Plan of Development (POD) for the Merakes field located in the East Sepinggan PSC in the Makassar Strait, offshore East Kalimantan, Indonesia. The Minister of Energy has granted the approval and Mineral Resources of the Republic of Indonesia, just 3 months after the submission of the plan and less […]

Vitol announce 2017 operational update

Vitol announce 2017 operational update

March 27, 2018 No Comments

Vitol continues to perform solidly. Overall volumes held steady at just over 7 million barrels per day and turnover rose to $181 billion on the back of an increase in the average oil price over the course of the year. Challenging market conditions required a constant focus on careful risk and margin management, though strong […]

GE installs 1st offshore wind turbine at Merkur Windfarm

GE installs 1st offshore wind turbine at Merkur Windfarm

March 8, 2018 No Comments

GE Renewable Energy announces today the installation of the first GE HaliadeTM 150-6MW offshore wind turbine at the 396MW Merkur Offshore Windfarm in Germany, located approximately 35km north of the island of Borkum, in the North Sea. Installation vessel SeaFox 5 sailed from Merkur’s logistic hub in Eemshaven (Netherlands) carrying blades, towers, nacelles and other […]

WOODSIDE FULL-YEAR PROFIT UP 18%

WOODSIDE FULL-YEAR PROFIT UP 18%

February 14, 2018 No Comments

Woodside has recorded a full-year reported net profit after tax (NPAT) of $1,024 million. Production was 84.4 MMboe and sales revenue was $3.62 billion. The directors have declared a final dividend of US 49 cents per share (cps), bringing the full-year dividend to US 98 cps. Woodside CEO Peter Coleman said that 2017 had been […]

ExxonMobil Adds 2.7 Billion Barrels to Reserves

ExxonMobil Adds 2.7 Billion Barrels to Reserves

February 13, 2018 No Comments

Exxon Mobil Corporation (NYSE:XOM) said it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil’s proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. Liquids represented 57 percent of the reserves, up from 53 percent in 2016. ExxonMobil’s reserves life at current production rates […]

Hornsea Project One

February 12, 2018 No Comments

World’s soon-to-be largest offshore wind farm just began construction, expected to deliver 4.1TWh of electricity each year reports Natural News For all of their apparent benefits, it should be no surprise to anyone why many countries have decided to go all in for wind energy by building massive wind farms. Soon, the world’s largest offshore […]

Tags: , , , Renewables
Kosmos Finishes Drilling Requin Tigre-1 Exploration Well Offshore Senegal

Kosmos Finishes Drilling Requin Tigre-1 Exploration Well Offshore Senegal

February 5, 2018 No Comments

Kosmos Energy (NYSE/LSE: KOS) announced that it has completed drilling the Requin Tigre-1 exploration well located in Senegal’s Saint Louis Offshore Profond block. Requin Tigre-1 was drilled to a total depth of 5,200 meters and was designed to evaluate Cenomanian and Albian reservoirs in a structural-stratigraphic trap, charged from an underlying Neocomian-Valanginian source kitchen. The […]

Drilling Commences at Tortue oil field, offshore Gabon

Drilling Commences at Tortue oil field, offshore Gabon

January 30, 2018 No Comments

Panoro Energy ASA (“PEN”, OSE ticker code) announced that drilling has just commenced on the DTM-2H production well on the Tortue oil field, located offshore Gabon and part of the Dussafu Marin Production Sharing Contract (“PSC”). The well is being drilled with the Borr Norve jack-up rig. Tortue is an offshore field located in the […]

Oceanteam ASA –  KCI DEAL CLOSED THROUGH SIGNING OF SALE AND PURCHASE AGREEMENT WITH IHC

Oceanteam ASA – KCI DEAL CLOSED THROUGH SIGNING OF SALE AND PURCHASE AGREEMENT WITH IHC

January 15, 2018 No Comments

With reference to the press release issued on 3 January 2018 Oceanteam ASA (Oceanteam), the Dutch – Norwegian offshore service provider, listed at the Oslo stock exchange, and Royal IHC (IHC), a Dutch privately owned global supplier of innovative and efficient equipment, vessels and sustainable services for the offshore, dredging and wet mining markets announce […]

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