Oil & gas news
Nuclear power a necessity for Ireland
Ireland must find alternative sources of energy to meet its carbon emissions targets and energy demands.
World Bank approve US$ 3.75 billion loan for South African coal-fired power plant
The World Bank has approved a US$ 3.75 billion loan to Eskom, which will be used to complete the 4800 MW Medupi coal-fired power plant in South Africa. The loan will ease the country’s power shortages and help it to achieve a reliable energy supply.
Icon Energy sees shares rise after massive China deal
Icon Energy has signed a memorandum of understanding to supply China with LNG, the move has sparked a massive increase in the company’s share price.
South Hook terminal completed
The South Hook terminal has commissioned the final stages of the terminal’s equipment, effectively doubling capacity at the plant in Milford Haven.
Libya’s hidden wealth
Libya potentially holds massive resources, which could offset the dwindling reserves in MENA region.
Extra capacity comes online in Yemen
Yemen has placed a second train online at the Balhaf facility, boosting its LNG production capacity considerably.
Morocco investing heavily in solar power
Alongside the US$ 555.3 billion Desertec project, Morocco is planning to invest US$ 9 billion in a solar energy programme.
Mine explosion kills 25 miners in West Virginia
In the worst mining disaster in over 25 years, an explosion at an underground coal mine in West Virginia has killed at least 25 miners.
Adrok develops revolutionary exploration technology
Adrok Group Ltd has developed revolutionary technology known as the atomic dielectric resonance (ADR) scanner, which has the ability to identify and image any substance down to molecular or atomic level.
Shell starts production at Perdido
Shell has produced its first oil and natural gas from the Perdido development, the world’s deepest offshore drilling and production facility.