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Infinity, Medserv Form Services JV

Jun 12, 2019

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines…

KHI Wins AiP from DNV GL for LFPP

Jun 11, 2019

The international accredited registrar and classification society DNV GL has awarded the Japanese multinational corporation Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP).The classification…

Oxy Enters Four Blocks in Southern Colombia

Jun 11, 2019

U.S.-based oil company Occidental Petroleum Corp has partnered with Amerisur Resources Plc on four exploration and production blocks in southern Colombia, near the border with Ecuador, the National Hydrocarbons Agency (ANH) said on Tuesday…

Book Review: Getting Down to It; 50 Years of Subsea Success in Norway

Jun 11, 2019

The Norwegian Continental Shelf’s journey from the very first basic marinized subsea trees to today’s complex and sophisticated subsea processing equipment has been a rapid, at times turbulent, but always remarkable.There are many engineers who have seen through that journey…

India to Evacuate Thousands as Cyclone Nears West Coast

Jun 11, 2019

Indian authorities are preparing to evacuate 300,000 people along the western coast as a severe cyclone is expected to make landfall on Thursday morning in the state of Gujarat.Storm Vayu, which formed in the Arabian Sea, is likely to cross…

Prelude FLNG Ships First LNG Cargo

Jun 11, 2019

The first shipment of liquefied natural gas (LNG) has sailed from Shell’s Prelude floating LNG (FLNG) facility offshore Australia, Shell announced Tuesday alongside its joint venture partners INPEX, KOGAS and OPIC.This shipment from the world’s largest floating producer of LNG…

BP Boosts Saudi, U.S. Oil Reserves Estimates

Jun 11, 2019

BP raised its estimates of Saudi and U.S. crude oil reserves at the end of last year by 12% and 22%, respectively, in its benchmark 2019 Statistical Review of World Energy.Saudi proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266…

MWV Expects Druzhba Shipments Within Days

Jun 11, 2019

German oil industry lobby group MWV expects German refineries to receive shipments of clean Russian oil through the Druzhba pipeline via Belarus and Poland within the next several days, a spokesman said on Tuesday.The spokesman for the Berlin-based association (Mineraloelwirtschaftsverband)…

Exxon to Proceed with Argentina Development

Jun 11, 2019

US based ExxonMobil said on Tuesday it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block.The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells…

Wintershall Dea Seeks European IPO in 2020

Jun 11, 2019

Newly created oil and gas group Wintershall DEA plans to hold an initial public offering in the second half of the next year, its chief executive told Reuters, in a deal that could become one of the largest European listings in 2020.Sources…

KCA Deutag Names Elkhoury CEO

Jun 11, 2019

Drilling and engineering contractor KCA Deutag has appointed a new chief executive Joseph Elkhoury, as ­current boss Norrie McKay prepares to retire. McKay will remain with the group in an advisory capacity until December 31, 2019, working closely with Joseph to ensure a smooth transition…

Dubai Intros Floating Solar Power Plants

Jun 11, 2019

The Dubai Electricity and Water Authority (DEWA) has issued a request for proposal (RFP) to appoint consultants to study, develop and construct floating solar photovoltaic plants in the Arabian Gulf.'This is a new and innovative initiative by…

Ocean Yield Takes Delivery of New VLCC

Jun 11, 2019

Norway-based ship owning company Ocean Yield ASA has taken delivery of the very large crude carriers (VLCC) Nissos Despotiko.The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the second in a series of four VLCCs that will be delivered to the Company in 2019…

Gazprom, Sovcomflot Pact on LNG Bunkering

Jun 11, 2019

Russian shipping company Sovcomflot and compatriot oil producer Gazprom Neft Marine Bunker have signed an agreement to cooperate on projects for bunkering ships with LNG fuel.The agreement was signed by Igor Tonkovidov, Executive Vice President and CTO/COO of Sovcomflot…

Fuel Futures: Diesel Will Spike on IMO2020

Jun 10, 2019

New marine fuel rules to boost diesel prices for at least a year -analystsGlobal prices for diesel and marine fuels should rise by October ahead of a January switchover to new, very low-sulfur marine fuels, and remain higher for at least a year…

Current News

EnQuest Acquires Harbour Energy’s Vietnamese Assets

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

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