News

  • TGS going ahead with offshore north-west Europe 3D survey

    TGS plans to start the Atlantic Margin 20 (AM20) 3D acquisition programme offshore north-west Europe this summer.   The Polarcus Adira, said to be fully optimised for high lateral resolution recording and with two 11-kilometre (6.81-mile) streamers for full waveform inversion (FWI), will acquire the…

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  • CNOOC announces delay of Flemish Pass drilling campaign

    In another blow to Newfoundland and Labrador’s offshore oil industry, an exploration drilling campaign planned this year for the Flemish Pass has been delayed because of the global pandemic.   That is a setback for an industry hoping to expand the province’s oil industry into…

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  • Huisman to supply crane for Penta-Ocean self-elevated platform

    PaxOcean Engineering has ordered a 1,600-metric ton leg encircling crane from Huisman for a newbuild self-elevated platform (SEP) for Penta-Ocean Construction Company.   PaxOcean Engineering will build the SEP in Batam, Indonesia. Delivery is scheduled for 2022.   The crane will be built in Huisman’s…

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  • RockRose maintaining most North Sea commitments

    UK North Sea independent RockRose Energy says it remains well positioned, despite current oil market uncertainties, with a strong balance sheet and no debt.   The company was listed on the London Stock Exchange in January 2016, when Brent crude traded at less than US$30/bbl,…

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  • NZ’s Marsden Point refinery halves production

    The Marsden Point oil refinery, operated by Refining New Zealand at Whangarei on the east coast of the North Island of New Zealand, is halving production for at least the next three months due to falling fuel demand in the country.   Refining NZ, whose…

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  • ONGC achieves first gas from project offshore India

    Early first gas has been achieved on Oil and Natural Gas Corporation’s (ONGC) 98/2 Block located in the Krishna Godavari Basin, offshore India.   The project update was shared on the 1st April by the US-based engineering, procurement, construction, and installation company, McDermott.   The…

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