News

  • Deep Down gets new orders for offshore equipment and services

    Houston-based oilfield services company Deep Down has received orders for custom offshore equipment and services exceeding US$2 million from different customers, within one week.   Deep Down said on the 24th October that the orders were for flying leads, riser isolation valve controls, and other…

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  • Aker Solutions shifting focus to alternative energy, storage

    Aker Solutions is looking for renewable and low carbon solutions to provide around half its revenue by 2030.   Although the oil and gas industry will likely remain the biggest market, the company is aiming for a more balanced portfolio of products and technologies, in…

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  • Melbana Energy provides Cuba update

    Melbana Energy has provided an update regarding its Block 9 Production Sharing Contract (Block 9 PSC) in Cuba:   As advised in its announcement of 3 October 2019, Melbana had been informed that all the amendments it had requested to its Block 9 PSC with…

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  • Insurance Jottings

    Lloyd’s heavyweights lead 2020 pre-emption approvals With the 2020 syndicate business approval process well underway, Lloyd’s blue-chip carriers Beazley, Hiscox and Tokio Marine Kiln head the list of syndicates with third-party capital that have received approval to expand significantly next year.   Chinese companies eye…

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  • Colonial Pipeline Eyes Expansion

    The busiest US fuel pipeline might expand jet fuel deliveries to respond to growing demand in the home of country music.   Shippers on Colonial Pipeline Company, which carries as much as 1.37 million barrels a day of fuel from the Houston area to North…

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  • New UK North Sea oil firm buys Endeavour Energy UK

    Recently established North Sea-focused oil and gas company Waldorf Production has agreed to buy Endeavour Energy UK.   In a statement on the 22nd October, Waldorf Production said the acquisition marked the company’s entry into the UK North Sea, “firmly establishing the company as a…

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  • Majors withdraw from two offshore Kazakhstan mega-projects

    The future of two projects in the Kazakh sector of the Caspian Sea is uncertain following multiple withdrawals by the various partners.   Shell decided to exit the Khazar project and the Kashagan consortium is pulling out of the Kalamkas More development.   Ashley Sherman,…

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  • Fugro enters the South Korean offshore wind farm market

    Fugro has signed a Memorandum of Understanding (MoU) with Underwater Survey Technology 21 (UST21) in a move which opens up the South Korean offshore wind farm market.   Growing demand for alternative energy sources has led South Korea to explore its potential for wind energy,…

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