Turan Drilling, a JV between KCA Deutag and SOCAR AQS, secured the contract for operations and maintenance of seven platform drilling rigs operated by BP in the Caspian Sea, SOCAR AQS head said
Renewable energy growth is estimated at an annual average rate of 11% between 2015 and 2035, with growth in wind and solar capacity up nine-fold from seven percent of total power supply today to nearly 40% by 2040, energy consultancy Wood Mackenzie estimates.
Private-equity firm Chrysaor agreed to buy ConocoPhillips’ E&P assets in the British North Sea, where the Houston-based company has operated for more than 50 years.
Here’s a snapshot of energy deals from the past week including the mammoth Chevron-Anadarko Petroleum merger plus Shell’s nearly $1 billion Gulf sale and a Concho Resources midstream JV.
Residents of Ecuador's Lago Agrio region have been trying to force Chevron to pay for water and soil contamination caused from 1964 to 1992 by Texaco, which Chevron acquired in 2001.
Although France has 15,100 MW of onshore wind capacity as it races to increase the share of renewables in its energy mix, offshore wind generation is still to take off with no single turbine on its coastline connected to the grid.
The 765 miles of pipeline, now under construction, has come under fire from the United States and several eastern European, Nordic and Baltic Sea countries which fear it will increase the European Union's reliance on Russian gas.
OMV, the international, integrated oil and gas company headquartered in Vienna, has successfully concluded the largest 3-D seismic survey in European history, the company said on April 15.
Norway’s energy giant Equinor sees good potential for building floating offshore wind parks in Greece as long as the country adopts a regulatory framework for the technology.
Croatia is currently running two new tenders for oil and gas exploration in the north and in the mountainous southern region. . They are open until June and September, respectively.
