High impact exploration has weathered a perfect storm of a pandemic, an oil price crash, and an accelerating energy transition, and enters 2021 with a substantial drilling program that should at least match 2020.High-impact exploration started well in 2020 with the first quarter seeing the highest number of wells completed since Q4 2014 and commercial success rates above 30%. It was not to last. The world changed in Q2 with the Covid-19 pandemic taking hold…
NKT, a Denmark-based company specializing in power cable making and installation, said Friday it would sign a joint venture deal with Taiwanese cable company, Walsin Lihwa, to provide technical support for the construction of the first subsea power cable factory in Taiwan…
Russian oil firm Gazprom Neft has recently completed a seismic data acquisition project at the Yuzhno-Obsky license block, located in the waters of the Gulf of Ob in the Kara Sea.The objective of the six-vessel survey campaign was to clarify the structure of promising underlying geological features…
Danish offshore power cable supplier NKT is setting up a local presence in Poland, the next big thing in the European offshore wind sector, to prepare for the growing demand for both on- and offshore power cables. NKT will open its new center in Gdynia…
Offshore installation firm Jan De Nul Group has ordered an advanced electrical Motion-Compensated Pile Gripper for its new floating installation vessel Les Alizés. The custom-made gripper, to be delivered by Imeca, with an integrated X-Laboratory guidance and survey system…
Danish offshore cable supplier NKT has secured the high-voltage turnkey order for the Dogger Bank C, the third phase of what will be the world's largest offshore wind farm, in the UK.NKT had previously entered into a Preferred Supplier Agreement…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Power cable supplier NKT has been selected as the preferred turnkey supplier for a high-voltage offshore wind farm project in Europe, the company said Monday, without sharing the identity of the client.As the main contractor, NKT will deliver…
Following a recently announced gas discovery at an exploration well at the Kara Sea, off Russia's North, Gazprom has tested the upper levels at the same well at the Leningradskoye field, and has reported 'record high' results.'In the course of the exploration activities…
Russian gas giant Gazprom has found a new gas deposit in the Kara Sea, at the Leningradskoye field of the Yamal gas production center.Gazprom said: 'As a result of drilling and testing of an exploratory well, commercial gas inflow was obtained with a flow rate of about 600…
Russia's largest oil producer Rosneft has started drilling on two wells in the Kara Sea in the Russian Arctic, its Chief Executive Igor Sechin said on Tuesday.It is the company's first project in the Kara Sea since it was forced to suspend a joint venture project in the area with U…
Power cable supplier NKT has said it has been awarded a turnkey contract of 'below' EUR 250m (around $294,5) by TenneT to deliver and install a high-voltage direct current XLPE power cable system for the BorWin5 offshore wind project in Northern Germany…
Construction of Gazprom's ice-resistant offshore production platform for the development of the Kamennomysskoye-Sea field began Thursday at the shipyard of Southern Shipbuilding and Repair Center (part of United Shipbuilding Corporation) in the Astrakhan Region…
Russian gas giant Gazprom has named a new field discovered in the Yamal gas production center '75 Years of Victory' or 75 Let Pobedy in Russian, marking 75 years since the end of World War II and the victory over Nazi Germany.Gazprom discovered…
Offshore discoveries accounted for more than 60% of global discoveries in 2019, up significantly on previous years, according to a study by GlobalData.GlobalData report reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019…
