MOL Group and Turkish Petroleum signed the concession agreements with the Ministry of Energy of Hungary, granting rights for joint hydrocarbon exploration in two Hungarian concession areas, Tamási and Buzsák. The joint bidding and the exploration program are the first important steps since the companies signed a strategic partnership agreement last year. MOL and Turkish …
Eni has confirmed the preliminary results of Capricornus 1-X well, in Namibia’s Orange basin, as reported by operator Rhino Resources. The Capricornus 1-X well, spudded on 17 February using the Noble Venturer drillship, reached total depth on 2 April, successfully penetrating the Lower Cretaceous target. The well found 38m of net pay, with the reservoir …
Eni confirms oil discovery in Namibia’s offshore Read More »
Exxon Mobil Corporation has announced an agreement with Calpine Corporation, the US’s largest producer of electricity from natural gas, to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a cogeneration facility near Houston. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) …
Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel, has signed an agreement to sell its proprietary technology NAPCON to Lummus Technology. NAPCON covers solutions in the field of interactive operator training simulators and game-aided learning systems, real-time process optimization, AI based process predictors and real-time process information gathering, monitoring and analytics. …
Decom Engineering has reported a promising start to 2025 with contracts valued at more than £2 million secured in the first quarter, positioning the company for further international growth. The subsea cutting specialist has secured a chain cutting scope in the Gulf of Mexico in which it will deploy its new ultra-light and neutrally buoyant …
bp has safely loaded the first cargo of liquefied natural gas (LNG) for export from its GTA Phase 1 project offshore Mauritania and Senegal. This follows flow of first gas from the project, announced earlier this year. This first cargo of LNG at GTA is the third upstream major project start-up of the year for …
bp completes loading of first cargo from LNG project Read More »
Two Norfolk-based marine companies are set to play a major role in the construction of the East of England’s newest offshore windfarm – and reap the benefits of multi-million pound agreements – thanks to ScottishPower Renewables. The green energy company – part of the Iberdrola Group – has signed charter agreements worth more than £16 …
ScottishPower signs multi-million vessel agreements Read More »
With construction on Bute Energy’s first onshore wind energy park due to start on-site in late 2025, the company has awarded its first pre-construction contract to family-owned Terra Firma. The £1m contract with will not only provide vital insights to inform construction but will enable the company to recruit new staff from the local area. …
TotalEnergies Marketing Vietnam and Cao Gia Quy Environment Company have signed a partnership contract for the collection and recycling of waste engine oil in Vietnam. Under this partnership, Cao Gia Quy will collect waste engine oil from TotalEnergies Vietnam’s network of Quartz Auto Services and Hi-Perf Moto Services workshops as well as B2B commercial customers. …
Wood has won a three-year contract to provide specialist technical support to Petroleum Development Oman (PDO) – the country’s primary oil producer. Under the contract, 65 of Wood’s engineering and project management specialists will form part of PDO’s front-end engineering design (FEED) office, delivering complex front-end energy transition and carbon capture projects for PDO. The …
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