Banks Give stay of execution on oil and gas sector writes Oilprice There have been a lot of observers (including myself) worried lately about debt in the oil patch, with suspicions running high that lower oil prices will mean cuts to bank lines — and possible bankruptcies for some cash-strapped producers. But a study released…
Foxtrot Starts Production of crude Oil from second platform Offshore Cote D’Ivoire Foxtrot international LDC the operator of block Ci-27 offshore Cote D’Ivoire announced today that they are commencing production from a second platform on the block. The Marlin-B1ST well, this is the first in an initial five-well-drilling campaign to develop two previously discovered fields…
Australia Unveils 100% Grid-Connected Solar Power generating company A South Australian company will launch the country’s first 100 per cent renewable energy utility company, with the author of the 2008 Climate Change Review signalling his support. Professor Ross Garnaut has been appointed chairman of Zen Energy and said the company’s launch would be a game…
As Oil and Gas Jobs Bleeds, Green Energy Jobs increases and Offers Hope SINGAPORE, Oct 26 (Reuters) – Renewables are powering a rare bright spot in the energy industry, with record job hiring in solar, wind and hydro partly offsetting the biggest round of job losses in the oil and gas sector in almost two…