News
UK: ‘Crucial to Highlight Humber’s Diverse Renewable Energy Mix’
Emphasising the Humber’s mix of energy sources will help the region compete globally, according to a businessman backing a renewables awards event. Richard Tuplin, director of The Insurance Partnership, said the wider area must demonstrate its broad portfolio of green energy developments to ensure i
Portuguese Fleet of Gas-Powered Vehicles Remains at 500 Units
The numbers for the Portuguese fleet of gas-powered vehicles remain at some 500 units, maintaining the figures of the last three years. The main reason for this stagnation is the absence of fuel supply stations in sufficient numbers and the removal of the reduced VAT. On the commercial vehicle side
Maersk Clinches Two New Licences Offshore Norway
On 15 January 2013 Maersk Oil Norway was offered two licenses in the APA 2012 licensing round; PL660, with a 25% share, and PL671, with a 60% share and operatorship, both in the North Sea. PL660 covers the Norwegian part of the Edinburgh prospect which extends into the British sector. Maersk Oil’s B
Spain: Oceana Protests Over Sediment Dumping Plans
Oceana is protesting about Spanish plans to dump Mercury-rich sediment dredged from a Minorcan harbour into the open ocean. The organisation has requested the Spanish Institute of Oceanography (IEO) report on management of the material extracted in the dredging of Mahón harbour. This project involve
Toisa Warrior: Biggest Vessel Charter for Bibby
UK’s Bibby Remote Intervention Limited (BRIL), a division of Bibby Offshore, is expanding its fleet by signing a contract to charter the multi-purpose offshore vessel the Toisa Warrior in its biggest vessel charter to date. The vessel will come under the control of BRIL in February 2013 on a 180-day
European GasHighWay Project Proves to Be Highly Successful
After three years of productive work the European project GasHighWay came to an end last year. Supported by the European Commission under the Intelligent Energy – Europe Programme, the project aimed at promoting the uptake of gaseous vehicle fuels, namely biomethane & CNG, and placed special emphasi
Cormorant Alpha Shutdown Affects Over Twenty Fields in UK North Sea
Antrim today confirms that the export infrastructure system (“Export System”) used by the Causeway Field (“Causeway) and Cormorant East Field (“Cormorant East”) in the UK Northern North Sea is currently unavailable due to a potential hydrocarbon leak on the Cormorant Alpha platform. As a consequence
Faroe Petroleum Acquires Stake in 8 New Licences (Norway)
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, has been awarded eight new prospective exploration licences, including three operatorships, under the 2012 Norwegian APA
Eni Completes Placement of Bonds Exchangeable into Snam Shares, Italy
Eni said it has completed the placement of EUR 1,250 million aggregate principal amount of senior, unsecured bonds, exchangeable into ordinary shares of Snam. The Bonds will have a maturity of 3 years and will pay a coupon of 0.625% per cent per annum, payable annually in arrears. The Bonds will be
UK: IT Power Appoints New CEO
IT Power announced the appointment of David Nickols as Group CEO of the IT Power Group. He will also serve as European Managing Director. Mr. Nickols will spearhead the international growth of this leading renewable and sustainable energy consulting and engineering firm. Based in the London and Bris
Lundin Awarded 7 Licences in APA 2012
Lundin Petroleum AB has been awarded seven exploration licence interests in the 2012 Norwegian Licensing Round (Awards in Predefined Areas, APA). The awarded licences include four licences in the North Sea, two in the Norwegian Sea as well as one licence in Barents Sea. Two of the awarded licences w
Taqa Confirms Hydrocarbon Leak from North Sea Plaform (UK)
Abu Dhabi National Energy Company PJSC (TAQA) today confirmed that an indication of hydrocarbons was detected in one of the legs of the Cormorant Alpha platform in the northern UK North Sea at 16.15 hours local UK time on January 14. Since the discovery, hydrocarbon levels have been continually moni
Norwegian Minister of Petroleum Proposes to Reduce Gas Tariffs
Ministry of Petroleum and Energy of Norway has submitted a proposal to reduce the tariffs for new gas volumes from the Norwegian shelf. “Sound resource management also requires correct pricing of gas transport for new projects. The proposal to reduce transport costs for new gas volumes will facilita
Zapolyarnoye Production Reaches 130 Bcm of Gas (Russia)
The Taz District of the Yamal-Nenets Autonomous Area hosted today the celebrations dedicated to bringing the Zapolyarnoye field to its full design capacity, i.e. 130 billion cubic meters of gas per year. The celebrations were attended by Dmitry Medvedev, Chairman of the Russian Federation Government