Oil & gas news

The European Investment Bank has said that it will end financing of fossil fuel energy projects at the end of 2021.

The Stena Forth has been contracted to drill one well, being the Marina-1 exploration well, in Karoon’s 40% owned and operated Block Z-38 in the Tumbes Basin in Peru with drilling scheduled to commence early in 1Q20.

The agreements will be awarded to Aker Solutions AS, Axess AS, Oceaneering Asset Integrity AS and IKM Operations AS, taking effect from 1 January 2020.

The company has announced a major rig fleet expansion programme to support its upstream growth plans and enable the delivery of its 2030 Smart Growth Strategy.

ION will deliver high-end time and depth imaging for ARGAS to facilitate exploration and production of the acquired area.

2000 abstracts have been received, 300 of which will be selected to be presented as papers and posters at the Congress in December 2020.

WFS Technologies was named as the Economic Disruptor of the Year for Scotland and Northern Ireland at The Spectator’s annual awards for its wireless Seatooth products.

JDR is designing and manufacturing eleven 66kV dynamic inter-array cables and two static export cables for the Hywind Tampen project.

The company has appointed Tim Dallas as business development manager for the region.

The giant Bab onshore field is one of the company's largest onshore producing assets.