Serica Energy has said it has installed new completion equipment at Rhum R3 well in the North Sea, and that 'flow test has now been performed.'As reported late in May, Serica said it had cleared the well of all equipment installed when it was originally completed in 2005…
Energy giant TotalEnergies said on Friday it had gone as far as it could for now to limit the revenues going to the military junta in Myanmar while staying within a legal framework and assuring power supplies.Total and U.S. energy company Chevron…
Simec Atlantis Energy (SAE) has informed that its tidal power generation facility in Naru Island, Japan, has passed the Japanese government's pre-use inspection tests. The site, which features the AR500 tidal turbine installed earlier this year…
The Blue X wave energy prototype from Mocean Energy has been unloaded at Hatston Pier in Kirkwall, Orkney, Scotland ahead of summer sea trials.The wave energy device, which is 20 meters long and weighs 38 tons, was built entirely in Scotland and transported by road from Rosyth to Aberdeen…
Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations.Several European energy companies, including Spain’s Repsol…
UK-based oil company Serica Energy has spudded the Columbus 23/16f-CDev1 development well in the UK Central North Sea.Using the Maersk Resilient jack-up drilling rig, Serica will drill the offshore well to a total depth of 17,600ft and will include a 5…
Royal Dutch Shell's profit last year dropped to its lowest in at least two decades as the coronavirus pandemic hit energy demand worldwide though the company's retail network and trading business helped cushion the blow.The Anglo-Dutch oil major's annual profit slumped 71% to $4…
Scotland-based wave energy technology company developer Mocean Energy is gearing up to deploy its scale prototype, Blue X wave energy converter at the European Marine Energy Centre (EMEC) in Orkney, Scotland.Mocean Energy has signed a berth agreement to test at EMEC’s Scapa Flow test site…
Marathon Oil has informed that Brent Smolik has been elected to the company's board of directors, effective January 11, 2021.Smolik, 59, has over 35 years of experience in the oil and gas industry, including senior executive leadership roles at Noble Energy Corporation…
Turkey began drilling at a second borehole in a Black Sea natural gas field where it made its largest-ever discovery earlier this year, Energy Minister Fatih Donmez said on Thursday.In one of the world’s biggest finds this year, Turkey said…
Top oilfield service firm Schlumberger NV expects to return to 2019 level pre-tax margins by the end of next year, a sign the oil industry faces a long-haul to recover from the latest oil-price crash.Chief Executive Olivier Le Peuch told an…
PG Flow Solutions has won a contract to supply pump systems for AKER BP's normally unmanned wellhead platform to be used at the planned Hod field development in the North Sea, offshore Norway.Aker BP last week made the final investment decision for the Hod project…
'The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three-quarters of their original resources at just $2.20 per barrel this year. This is a jaw-dropping decline from 2019’s $11…
Flow assurance can keep offshore wells productive, and it requires successfully preventing or mitigating problems in the reservoir, the subsea flowlines and the topsides equipment.To prevent flow assurance problems, it’s necessary to identify potential issues…
UK-focused oil company Hurricane Energy has said that its Lancaster oil field production has exceeded expectations. The North Sea field started producing oil via the Aoka Mizu FPSO in June 2019. In an operational update on Wednesday, Hurricane said that the field had produced 15…
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