Shell buys into 190 mln boe Cluff gas projects in UK North Sea

08/02/2019 09:51 Oil Market

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Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to contain a total of 190 million barrels of oil equivalent from Cluff Natural Resources, Cluff said on Friday.

Cluff’s P2437 license, of which Shell now has an option to buy 50 percent until April 30, contains the Selene prospect next to Shell operated infrastructure linked to the Barque gas field which exports gas into the Bacton Gas Terminal.

 

Shell agreed to buy 70 percent of the P2252 license and will become its operator.

Source:reuters.com

 

Ørsted, Eversource officially take part in NY offshore wind tender

15/02/2019 09:21:00

Denmark’s Ørsted A/S and New England utility Eversource Energy confirmed they have submitted a joint proposal to build an offshore wind park as part of New York state’s 800-MW solicitation.

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Daily (14.02.2019): Oil prices climbed by 1.8% on Wednesday, as Saudi Arabia plans to reduce crude exports and production

14/02/2019 12:16:00

Oil prices were bullish on Wednesday, after Saudi Arabia announced its plans to reduce crude exports and production. At the same time, rising U.S. crude inventories might still put pressure on the market. As a result, Brent crude increased by 1.9% to 63.61 USD/bbl. WTI crude rose by 1.5% to 53.90 USD/bbl.

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European consortium to buy 80% of Veja Mate offshore wind park

14/02/2019 10:10:00

A consortium led by asset manager Commerz Real AG and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.

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