Latest News
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05 Aug 20
Norway: Spirit Energy drills dry well near the Ivar Aasen field in the North Sea - 16/1-33 S
Spirit Energy Norway, operator of production licence PL 780, is in the process of concluding the drilling of wildcat well 16/1-33 S. The well, which was drilled about 5 kms north of the Ivar Aasen field in the central part of the North Sea, will be permanently plugged and abandoned as a dry hole. -
05 Aug 20
Argentina: TGS announces return to Argentina to complete Malvinas 3D Multi-Client survey
TGS has announced a return to Argentina to complete the previously announced 17,800 sq km Malvinas 3D Multi-Client survey. Acquisition is set to resume in Q4 2020. -
05 Aug 20
Ireland: Renewable auction delivers cleaner, cheaper, power for Ireland
Nineteen new wind farms won contracts under the new Renewable Electricity Support Scheme according to provisional results which also showed wind energy prices falling sharply. -
04 Aug 20
US: Devon Energy provides update on Barnett Shale asset sale
In conjunction with its second-quarter earnings announcement, Devon Energy has provided an update on the timing of its Barnett Shale divestiture closing and outlined details on the next phase of its strategic plan. -
04 Aug 20
Noble Corporation announces comprehensive financial restructuring and deleveraging transaction
Noble Corporation, a leading offshore drilling contractor for the oil and gas industry, has entered into a restructuring support agreement with two ad hoc groups of the largest holders of the Company's outstanding bond debt regarding a consensual financial restructuring transaction that will significantly deleverage the Company's balance sheet and position the Company for long term growth. -
04 Aug 20
UK: OHT signs contract for transport and installation of foundations at Dogger Bank
Following announcement of the award of a Preferred Supplier Agreement on 28th November 2019, OHT Alfa Lift has now signed the contract for the transport and installation of foundations for the first phase of Dogger Bank Wind Farm, Dogger Bank A. The contract for the second phase, Dogger Bank B, is expected to follow in due course. -
04 Aug 20
BP sets out strategy for decade of delivery towards net zero ambition
BP has introduced a new strategy that will reshape its business as it pivots from being an international oil company focused on producing resources to an integrated energy company focused on delivering solutions for customers. -
04 Aug 20
Vietnam: Pharos Energy announces TGT field licence extension and RBL update
Pharos Energy has announced that the Joint Operating Company's (JOC) request for an extension for the TGT field licence of two years, has been formally granted by the Ministry of Industry and Trade in Vietnam.
