Skip to main content

Oil & gas news

The Territorial Oil Dispute

In the last year a number of territorial disputes, which had been quietly ignored before the financial crisis, have come back to prominence; the disputes have been further exacerbated by the presence of oil in some instances.

 
 
 

Opening oil exploration to the East Coast

The African Continent’s west coast has long been an oil rich haven for oil companies from the west to exploit, yet now with the continual discoveries of oil rich deposits in the east, companies are turning their attention to countries like Uganda, Tanzania and Mozambique to source large quantities of Africa’s oil reserve.

 

Dry well in the Norwegian Sea

Drilling of the exploration well 6603/5-1S on the Dalsnuten prospect in license PL392 in the Norwegian Sea by Noreco has been concluded. The well did not encounter reservoir rocks and was dry.

 

Chiusdino geothermal power station opens in Italy

Enel Green Power has opened a new 20 MW geothermal power plant in Chiusdino, doubling the geothermal power the company generates in Tuscany, Italy, after the opening of the Radicondoli 2 geothermal station at the start of the month.

 
 
 

CCS: A Status Update

Around the world, governments are tackling carbon emissions head-on with ambitious carbon capture and storage (CCS) programmes and the race is hotting up to lead the world on this relatively new technology and to harness its economic potential.