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26 Oct 16
UK: Atlantis Resources announces update on MayGen tidal power project
Atlantis Resources, a global leader in the tidal power sector, has provided a further update on the offshore construction programme at the MeyGen project site in the Pentland Firth, Scotland. The project remains on track for first power delivery from the world's largest tidal power project by the end of the year.
26 Oct 16
Bolivia: Repsol to sign deal to develop two natural gas fields
Bolivia's government and a consortium led by Spain's Repsol will sign a deal to develop two natural gas fields with an investment that could exceed $1 billion, a government official told reporters on Tuesday.
26 Oct 16
Greece names Total-led consortium preferred bidder for offshore gas drilling
Greece named on Wednesday a consortium of France's Total, its biggest oil refiner Hellenic Petroleum and Italy's Edison as the preferred bidder for an offshore gas drilling block in the west of the country.
26 Oct 16
Norway's oil safety watchdog asks Statoil to investigate recent incidents
Norway's Petroleum Safety Authority (PSA) asked Statoil on Wednesday to investigate whether a number of recent incidents at the oil company's facilities might be related and linked to cost cuts, a spokesman for the watchdog said.
26 Oct 16
Iraq: Genel Energy receives payment for KRI oil exports from Taq Taq field
Genel Energy has announced that the Taq Taq field partners have received a gross payment of $22.18 million from the Kurdistan Regional Government (‘KRG’) for oil sales during August 2016. Genel’s net share of the payment is $12.20 million.
26 Oct 16
DONG Energy comments on media speculation regarding oil & gas business
In response to media speculation, DONG Energy confirms that it is reviewing strategic options regarding the future of the oil & gas business, but has not made a decision to divest the oil & gas business.
26 Oct 16
DONG Energy installs 1,000th wind turbine at sea
DONG Energy is the first company worldwide to have installed 1,000 offshore wind turbines. Offshore wind turbine number 1,000 was commissioned at the German offshore wind farm Gode Wind 2, which is one of the many that DONG Energy fully or partly owns and operates in the UK, Denmark and Germany.
26 Oct 16
Russia and Norway to exchange seismic data from the Barents Sea
The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange seismic data from the areas around the demarcation line in the Barents Sea.
26 Oct 16
Saipem to cut 800 jobs across Europe
Italian oil contractor Saipem will cut 800 more jobs across Europe in the next four years as part of a plan to cope with a prolonged market crisis that will trim revenues next year.
26 Oct 16
Iraq: Gulf Keystone receives payment for Shaikan crude
Gulf Keystone has confirmed that a gross payment of $15.0 million has been received from the Kurdistan Regional Government ('KRG') for Shaikan crude oil export sales in August 2016.
26 Oct 16
UK: Jersey Oil and Gas announces start of Verbier Prospect site survey in UK North Sea Blocks 20/5b & 21/1d
AIM-listed Jersey Oil & Gas has announced that the geophysical survey vessel Fugro Galaxy, on contract to Statoil (U.K.) as operator of UK Seaward Licence P.2170, Blocks 20/5b & 21/1d, has arrived on location to acquire a site survey over the Verbier Prospect.
26 Oct 16
UK: Egdon Resources announces additional licence interest acquisitions in East Midlands core area
AIM-listed Egdon Resources has announced the acquisition of additional interests in two 14th Round licences - PEDL334 and PEDL306 - in the Company's East Midlands core area.
26 Oct 16
Ireland: Europa Oil & Gas announces publication of 1.5 billion boe CPR on Offshore Ireland Licence
Europa Oil & Gas has announced that the Competent Persons Report (CPR) undertaken by ERC Equipoise covering Frontier Exploration Licence (‘FEL’) 3/13 in the Porcupine Basin, offshore West Ireland has been uploaded to the Company’s website.
26 Oct 16
PNG: Rawson Resources awarded PPL560, offshore Papua New Guinea
Rawson Resources has announced the successful award of Papua New Guinea Petroleum Prospecting Licence (PPL) 560. The permit contains the Buna Prospect; potentially the largest undrilled prospect in PNG since the Elk-Antelope discovery.
25 Oct 16
US: Clayton Williams Energy sells Giddings Area assets for $400 million
Clayton Williams Energy has entered into a definitive purchase and sale agreement with a third party to sell substantially all of the Company's assets in the Giddings Area in East Central Texas for a sale price of $400 million.
25 Oct 16
China: Antonoil launches integrated CBM turnkey project in Guizhou
Anton Oilfield Services has announced the successful launch of the integrated coalbed methane turnkey project in Guizhou covering construction and production that was won by the Group in the third quarter of the year.
25 Oct 16
UK: Xcite Energy Bondholders request liquidation
Following unsuccessful restructuring negotiations, Xcite Energy Bondholders have requested the appointment of a liquidator to the Company.
25 Oct 16
IEA raises its five-year renewable growth forecast as 2015 marks record year
The International Energy Agency said it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables have surpassed coal last year to become the largest source of installed power capacity in the world.
25 Oct 16
Sweden on track to meet 100-percent renewables target by 2040 - regulator
Sweden is on track to produce all its energy from renewable sources by 2040, a top regulatory official from the country said on Monday.
25 Oct 16
Baker Hughes announces Q3 2016 results
Baker Hughes has announced results for the third quarter of 2016. Operating losses were $321 million for the quarter, a sequential improvement of $249 million, or 44%.
25 Oct 16
Hungary: 2016 Oil & Gas Bid Round in Hungary - review
2016 heralded the fourth tender for oil & gas concession areas in Hungary (2016 Bid Round), the details of which were published in the EU Official Journal in June 2016. The 2016 Bid Round closed in September, with the submitted bids currently being evaluated, and the winning bidders being announced towards the end of the year.
25 Oct 16
Simmons Private Equity invests in LEAP Energy
International subsurface and technology consultancy LEAP Energy has partnered with Simmons Private Equity ('SPE'), an energy focused private equity fund. The investment by SPE lays the foundation for an accelerated growth strategy for LEAP.
25 Oct 16
Serinus Energy announces Q3 2016 operations update
Serinus Energy, an upstream oil and gas exploration and production company with projects in Tunisia and Romania, has provided an update for its operations for the third quarter of 2016. The Company is examining several alternatives for funding the development activities in both Romania and Tunisia.
25 Oct 16
Statoil cancels Stena Don rig contract
Statoil has decided to cancel the contract with Stena Drilling for the mobile rig Stena Don. The cancellation will take effect after the plugging activity on the Troll field has been completed, in early November.
25 Oct 16
Russia: LUKOIL starts production at oil field in Russia's Yamal Arctic region
Russia's No.2 oil producer LUKOIL on Tuesday started production at an oil field in the Yamal Arctic region in an effort to stem oil output falls in Russia where its deposits are being increasingly depleted.
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