Exxon Mobil will extend lifetime of Norway's Sigyn field until end-2022

27/02/2017 08:53 Oil Market


Norway's Petroleum Safety Authority has given approval to operator Exxon Mobil to prolong the lifetime of its Sigyn field offshore Norway until end-2022, the safety watchdog declared on Friday.

The gas and condensate field located approximately 12 kilometres south-east of the Statoil-controlled Sleipner East field has been developed employing subsea templates tied back to the Sleipner A facility.

Production from the field was initially anticipated to stop in 2017.

The Norwegian Petroleum Directorate (NPD) stated on its page the Sigyn field's lifetime could be prolonged by adding new production wells.

Exxon Mobil owns a 40 percent stake in Sigyn while Statoil possesses 60 percent.

LNG suppliers flood market with excess spot cargoes as demand shrinks

30/03/2020 10:35:00

Liquefied natural gas (LNG) suppliers are flooding the market with excess spot cargoes, generating fresh headwinds for prices, as demand dwindles globally because the coronavirus outbreak has disrupted industrial output and people’s movement.


World adds 60.4 GW of wind in 2019

27/03/2020 10:29:00

The world installed 60.4 GW of wind power capacity in 2019, of which 70% in China, the US, the UK, India and Spain, the latest Global Wind Report by the Global Wind Energy Council (GWEC) reveals.


COVID-19 Delays Construction of 299 MW Biomass Power Plant in UK

27/03/2020 10:19:00

Construction on the Tees Renewable Energy Plant (Tees REP) a 299 megawatt (MW) biomass power plant in the U.K. was suspended on March 24 due to the COVID-19 pandemic. A small number of critical maintenance staff remain onsite. MGT, the owner and operator of Tees REP, did not indicate when construction on the facility might resume.