Lundin Energy a Norwegian Oil and gas firm is working with Swedish wave energy tech developer Ocean Harvesting Technologies on decarburizing extraction and production activities. The companies have launched a new R&D study on how installation of wave energy converters could potentially provide clean, stable and cost-effective electricity to an offshore oil and gas platform. […]

KrisEnergy Ltd together with its subsidiaries, an independent upstream oil and gas company, refers to its announcement dated 31 March 2021 in relation to the production performance of the KrisEnergy-operated Apsara oil development.  The Company has received the update on the independent review of the Apsara field’s performance by third-party petroleum engineering consultant, Netherland, Sewell […]

Final depth-imaged data, now ready for viewing, covers Angola 2021 offshore licensing opportunities. Eight thousand three hundred square kilometers (8 300 sq. km) of GeoStreamer data is available for Blocks 6, 7 and 8 and the surrounding areas of the Kwanza Shelf. This latest dataset is highly relevant for those evaluating opportunities in the Angola […]

Baoshan Iron & Steel Co. Ltd, the main listed subsidiary of the world’s largest steelmaker has announced that its net profit soared by nearly two and a half times in the first quarter, as rising prices for the metal continue to swell the coffers of Chinese mills. The company also known as Baosteel, posted net […]

ExxonMobil said that it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 feet (36.7 meters) of high […]

The prolonged dispute over who controls pipeline surveillance contract has turned deadly as one person is feared dead and several others injured in a gun battle in Bilabiri community, Ekeremor Local Government Area of Bayelsa State. Our correspondent gathered that the gun duel by two rival youth groups in the area was a battle of […]

Equinor and Grayson Mill Energy have completed their transaction that was previously announced in February 2021. As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, along with associated midstream assets, for a total consideration of […]

EnQuest an independent oil and gas production and development company has announced the signing of Share Purchase agreement (SPA) with Whalsay Energy Holdings Limited to purchase their entire 100.00% equity interest in the P1078 licence containing the proven Bentley heavy-oil discovery. This discovery is within 15 kilometres of the Group’s existing Kraken and Bressay operated […]

Reliance Industries Limited (RIL) and bp today announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India.   RIL and bp have been developing three deep-water gas developments in block KG D6 – R Cluster, Satellite Cluster and MJ – which together are expected to produce […]

Following the completion of AqualisBraemar’s acquisition of LOC Group in December 2020, the two groups have successfully finalised their integration process ahead of the original schedule, operating as AqualisBraemar LOC group with immediate effect.  The two companies have thereby created a leading global independent offshore energy and marine consultancy. In total, AqualisBraemar LOC has over […]