Author: Rigs & Barge World
Shell in its 2024 annual report released last week reveals that it has quit what had been Mauritania’s last two active exploration blocks, C-2 and C-10. This follows last year’s drilling flop at the PannaCotta-1 wildcat on block C-10 – where QatarEnergy partnered the London-based major (MEES, 17 November). Back when Shell entered in 2018, offshore Mauritania was an exploration hotspot: ExxonMobil and Total had entered the previous year (MEES, 27 July). But Exxon quit in 2021 followed by Total in 2023, whilst BP handed back all of its exploration assets impairing $4.5bn in the process (MEES, 7 March). (CONTINUED…
05/02/2025 The Norwegian Offshore Directorate (NOD) is presenting proposed new Regulation on data collection and documentation for mineral activities on the continental shelf. Updated: 06/02/2025 Latest news Drilling permit for wellbore 25/11-30 S 27/03/2025 The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 25/11-30 S in production licence 169, cf. Section 13 of the Resource Management Regulations. Production figures Febuary 2025 20/03/2025 Preliminary production figures for February 2025 show an average daily production of 1 938 000 barrels of oil, NGL and condensate. Drilling…
Kuwait cut power to some agricultural and industrial users on 2 April as rising demand coupled with power plant maintenance threatened to overstrain the power sector. The move came despite peak electricity demand of just over 10GW being in line with recent seasonal norms, with similar demand levels reached in early April last year. This raises further concerns as to Kuwait’s ability to meet expected summer peak demand of around 18GW. The move is especially unusual given that available capacity – i.e. capacity after taking into account units under maintenance – was already at 10.02GW by February and has never…
www.oilfutures.co.ukPresident Trump, ever the showman, played his tariff announcement like a master of the slow burn. He understood that a rushed reveal would lack the desired impact. Instead, he stretched out the suspense, mirroring the art of a striptease, where each deliberate removal of a layer amplifies the audience’s fixation. He knew, and his audience knew, that patience would be rewarded. This calculated approach, reminiscent of his entertainment background, ensured he held the world’s attention, maximizing the economic and political theater.This is exactly what happened when he delivered his plan of global tariffs on American imports on Wednesday; the world…
Friday, 7 February marked the christening of the Northern Pioneer, a ship that will transport CO2 from customers in Norway and Europe to the CO2 receiving terminal in Øygarden. “2025 will be an exciting year for CO2 storage on the NCS,” says Ann Helen Hansen in the Norwegian Offshore Directorate. (Photo: Pia Winterkjær/Sokkeldirektoratet) 07/02/2025 Last year, more licences were granted for storing CO2 on the Norwegian continental shelf than ever before. “The NCS is very attractive for safe CO2 storage,” says Ann Helen Hansen, CCS coordinator in the Norwegian Offshore Directorate. Four exploration…
Abu Dhabi state utilities firm Taqa has signed a 24-year power purchase agreement (PPA) with the emirate’s offtaker Ewec to develop a 1GW open cycle gas turbine power plant in Abu Dhabi. In a 3 April announcement, the firms said Taqa will build, own and operate the Al Dhafra plant with 100% ownership. Ewec is also tendering for another open cycle plant, the 1.5GW Madinat Zayed, as well as for the 2.5GW Taweelah-C combined cycle gas turbine plant (MEES, 2 August 2024). Despite the vast strides made in boosting nuclear and renewable power generation, gas will remain a core component…
20/02/2025 Total petroleum resources on the Norwegian continental shelf (NCS) saw a minor increase last year, according to last year’s “inventory” – the Resource Accounts for 2024. The Resource Accounts for 2024 show a small increase in the total petroleum resources on the NCS. There was an increase in reserves, a reduction in contingent resources and a small increase in undiscovered resources. Here are the estimates for total resource volumes (including the volume that has been sold and delivered): 8 980 million standard cubic metres (Sm³) of liquids 6 631 billion Sm³…
21/02/2025 The Norwegian Offshore Directorate’s FactMaps have been upgraded, making it easier to use the service. The FactMaps have been migrated to a newer, more flexible technology. This provides some new functionality, such as the inclusion of third-party data from other players (UKCS/ENS). Predefined filters also make it easier to view data. The old FactMaps will be available until May. FactMaps Updated: 21/02/2025 Latest news Drilling permit for wellbore 25/11-30 S 27/03/2025 The Norwegian Offshore Directorate has granted Equinor Energy AS drilling permit for wellbore 25/11-30 S in production licence…
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Israel’s Gas Projects By The Numbers 1: Israel Gas Output Hit A Record Of 2.6bn cfd For 2024 As Number Three Project Karish Ramped Up (mn cfd)… 2: …With The Bulk Of Incremental Volumes Going To Egypt (Output By Market, mn cfd) 3: Leviathan Sales To Egypt Surged To 63% Of Output As Karish Squeezed Its Domestic Sales (mn cfd) 4: For Tamar, Domestic Sales Still Dominate But Those To Egypt Hit A Record 32% (mn cfd) 5: Banned From Exporting, Karish Has Undercut Its Rivals To Snag Domestic Sales, Enabling Leviathan To Focus On More Lucrative Exports (Average Gas…