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History News

 

New Book Release: Why Only Two FPSOs in the U.S. Gulf of Mexico?

Oct 09, 2018

The Late Start and Twenty Year Saga.More than 40 years have passed since the trailblazing Shell Castellon started operation as the first floating production storage and offloading (FPSO) unit in 1977. Ever since, hundreds of these vessels have operated worldwide…

Statoil to Rebrand as Equinor

Mar 15, 2018

Rebranding would cost up to $32.5 mln but firm plans to ramp up renewables investment.  Norway's Statoil plans to change its name to Equinor, reflecting its commitment to become a broad energy company rather than one focused only on oil…

One year On, OPEC Closer to Target Production Cuts

Feb 20, 2018

OPEC is closing in on its goal of reducing oil inventories held by industrialised nations to their five-year average, the original target of a supply-cutting pact with Russia and others, figures from the group's head of research showed on Tuesday…

Current News

Eni Confirms Sapukala Deepwater Block Award in Indonesia

Eni Confirms Sapukala Deepwater Block Award in Indonesia

Fugro Adds More Survey Work off Timor-Leste

Fugro Adds More Survey Work off Timor-Leste

Southeast Asia Plans 100 GW-Plus Gas Power Expansion Despite LNG Risks

Southeast Asia Plans 100 GW-Plus Gas Power Expansion Despite LNG Risks

Saudi Aramco Plans Standalone Gas Division in Major Reorganization

Saudi Aramco Plans Standalone Gas Division in Major Reorganization

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

South Korea Aims to Cut Middle East Crude Dependence to 50% by 2035

Iran Restores Half of Damaged South Pars Gas Field Capacity

Iran Restores Half of Damaged South Pars Gas Field Capacity

Oil Drops as Hormuz Reopening Prospects Ease Supply Concerns

Oil Drops as Hormuz Reopening Prospects Ease Supply Concerns

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