5694 results found for 'matuku'

5694 results found for 'matuku'
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  • Wood Mackenzie: Norway 5th in the World by Upstream Development Expenditure

    29 August 2012

    Wood Mackenzie estimates that upstream development expenditure in Norway will increase to US$25billion in 2012 – a rise of over 30% compared with 2011 – ranking it fifth in the world behind the US, Russia, Canada and Australia. Furthermore, development capex is estimated to reach almost US$30 billion in 2015, ensuring Norway remains a top […]

  • USA: Chesapeake Targets Up to USD 12 Billion in Asset Sales

    13 February 2012

    Chesapeake Energy Corporation  provided details on its financial plan to fully fund the company’s anticipated capital expenditures during 2012 and provide additional liquidity for 2013. The company is also projecting that its rapidly increasing liquids production will enable it in 2014 to reach equilibrium between its cash flow from operations and its planned drilling and […]

  • Dart Enters into CBM JV with NV Mijnen (Belgium)

    2 May 2011

      Dart Energy Limited (Dart) has entered into a coal bed methane (CBM) joint venture with NV Mijnen (NVM) in Belgium. NVM is a wholly owned subsidiary of Limburgse Reconversie Maatschappij (LRM), a Flanders Authority owned enterprise, with a charter focussed on promoting economic development and overall employment in the province of Limburg, Belgium. NVM […]

  • EIA: Vaca Muerta gas production increase leads to LNG exports from Argentina

    15 July 2019

    Gas production growth from Argentina’s Vaca Muerta gas production has lead to exporting the country’s LNG, the Energy Information Administration (EIA) said.

  • Norway: Aker Solutions Cultivates its Core Businesses

    9 December 2010
    Business & Finance

    International oil services, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets. The new strategic direction, which will be announced at the company’s capital markets day in Oslo today, is the conclusion […]

  • Norway: Aldous/Avaldsnes Discovery One of Ten Largest Oil Finds Ever on NCS, Statoil Says

    16 August 2011
    Business & Finance, Project & Tenders

    Communication between the Aldous and Avaldsnes oil discoveries in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the interval strikes pay dirt, the discovery will be one of the ten […]

  • Offshore wind industry needs standardization

    1 October 2014

    Cost reductions are a huge industry focus. I am confident that we can lower the levelized costs of energy by 30 to 40  percent for those projects that will achieve FID in 2020. Of all the possible reductions in CapEx and OpEx, one of the innovations that needs to come forward is standardization of offshore […]

  • EnQuest celebrates North Sea safety milestone

    18 August 2014
    Business & Finance

    Neil McCulloch, President of EnQuest’s North Sea business, said: “This is an exceptional achievement by our teams on three North Sea assets that started life in the 1970s…

  • Big job boom expected in North Sea. SNP throws Scottish independence card

    4 April 2014

    The SNP, a social democratic political party committed to Scottish independence,  today welcomed an extensive survey of companies in the North Sea oil and gas sector expecting to create up to 39,000 jobs over the next two years. The survey commissioned by the Bank of Scotland, found expectations of employment growth had increased since last […]

  • Woodside acquires stake in offshore Morocco permit

    4 July 2014
    Business & Finance

    Australia’s oil and gas company Woodside has finalised an agreement with Chariot Oil & Gas to farm-in to the prospective Doukkala Basin offshore north western Morocco.

  • Culture change key to digital’s success in the oil and gas industry

    9 March 2017
    Equipment

    Digital is hot. It’s not new though, so what has changed that everybody is talking about it now? A panel convened during CERAWeek by IHS Markit comprising speakers from BP, ADNOC, Siemens and Accenture discussed developments in digitalization, its proven and potential gains and ultimately: how culture change within companies is needed for realizing digital’s […]

  • Greenpeace NZ boss faces jail time over ‘Amazon Warrior’ stand-off

    11 April 2017

    Greenpeace New Zealand’s chief executive Russel Norman could face jail time after jumping into the sea in front of the Amazon Warrior seismic vessel. Greenpeace said on Monday that Norman and several other Greenpeace activists took to the water some 50 nautical miles off the Wairarapa coast to intercept the 125-meter vessel during seismic blasting […]

  • Statoil hires Transocean rig for UK & Norwegian drilling campaigns

    4 April 2017
    Business & Finance, Exploration & Production

    Statoil and license partners have decided to use the semi-submersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen license off Norway. According to Statoil’s statement on Tuesday, the exploration drilling campaign in the UK will be conducted for the Mariner, Jock […]

  • We’re ready to compete, Pacific Drilling’s new CEO says

    4 December 2018
    Exploration & Production

    Pacific Drilling, an offshore drilling specialist with one of the younger fleets in the industry is off to a fresh start after it last month emerged from bankruptcy.

  • French court postpones CGG’s restructuring plan review

    7 November 2017
    Business & Finance

    A court in Paris has rescheduled a hearing date to examine CGG’s request for sanctioning of its draft safeguard plan and the claim filed against it.

  • USA: DNS Event Promotes Concept of Decommissioning as Part of Asset’s Whole Life Cycle

    2 May 2012
    Business & Finance, Research & Development

    Decom North Sea (DNS), the offshore oil and gas decommissioning forum, will be promoting the concept of decommissioning as an integral part of the overall life cycle of an asset rather than a separate phase tagged on at the end, when it hosts a networking breakfast in Houston. The event, which is sponsored by URS […]

  • Hess shaves off $800 million of its budget for 2020

    17 March 2020
    Business & Finance

    In light of the current low oil price environment and market volatility, U.S. oil and gas company Hess Corporation has revealed a plan for a significant reduction to its 2020 capital and exploratory budget. 

  • Murphy cuts spending by $500 million amid oil price volatility

    12 March 2020
    Business & Finance

    U.S. oil and gas company Murphy Oil has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility.

  • EnQuest gives up on production re-start at UK fields

    19 March 2020

    In light of recent developments in the oil market, oil and gas company EnQuest has decided not to re-start production at the Heather and Thistle/Deveron fields located offshore the UK. 

  • Teekay Corp Narrows Loss amid Stronger LNG, Crude Tanker Markets

    21 February 2019
    Business & Finance

    Teekay Corporation ended 2018 with a net loss of USD 57.7 million, compared to USD 529.1 million reported a year earlier.

  • PGGM and Ampère Equity Fund Buy Minority Stake From DONG Energy in Walney Offshore Wind Farm (UK)

    20 December 2010
    Business & Finance

    A consortium of PGGM and Dutch Ampère Equity Fund, managed by Triodos Investment Management, have entered into an agreement with DONG Energy whereby the consortium acquires a 24.8% stake in the 367MW Walney offshore wind farm, which is under construction. DONG Energy will retain a 50.1% stake and SSE will retain the 25.1% stake it […]

  • Canada awards C$30 million for 9MW tidal energy scheme

    21 September 2018
    Authorities & Government, Business & Finance, Environment, Operations & Maintenance, Research & Development, Technology

    The government of Canada has allocated C$29.8 million to DP Energy company Halagonia Tidal Energy to develop a nine-megawatt tidal power project in Nova Scotia that will combine both floating and submerged turbine technology.

  • USA: National Security Cutter Stratton Completes Acceptance Trials

    16 August 2011

    The U.S. Coast Guard announced yesterday that its third National Security Cutter, Stratton build by Huntington Ingalls, successfully completed several days of rigorous acceptance trials to ensure the cutter meets its contractual requirements and is ready for delivery to the Coast Guard. Stratton’s acceptance trials were conducted in Pascagoula, Miss., and at sea in the […]

  • SEP and SSE Raise GBP 95 Million for Green Energy Investments (UK)

    12 January 2012
    Business & Finance

    Scottish Equity Partners (SEP) has raised a new £95 million fund to invest in innovative green energy businesses in a deal involving the acquisition of a portfolio of clean energy assets from SSE Ventures, the investment arm of FTSE 100 utilities company SSE plc. SEP raised the new secondaries fund from four institutional investors, headed […]

  • GlobalData Looks into UK Energy Bill’s Potential Effects on Pricing, Energy Security

    30 November 2012

    The key measure of the UK’s new Energy Bill will be to introduce a government-owned entity that will buy electricity at an agreed “strike price” from low carbon generators and recover the costs from electricity customers via electricity suppliers. The government-owned entity will buy the electricity under a contracts-for-difference mechanism feed-in-tariff (CfD FiT) that will […]