China has announced the creation of its long-planned national oil and gas pipeline company, officially kicking off one of its biggest energy revamps aimed at helping supply keep pace with swelling demand. The move marks a “key step” in China’s efforts to deepen reforms…
KrisEnergy has announced that on the 6th December a ceremony was held to mark the cutting of first steel for the minimum facilities wellhead platform (the ‘Mini-Platform’) for the Apsara oil field in Block A, offshore Cambodia, the nation’s maiden hydrocarbon development. The ceremony, held…
Saudi Aramco raised US$25.6 billion from the world’s biggest initial public offering, closing a deal which became synonymous with the kingdom’s controversial crown prince and his plans to reshape the nation. The state-owned oil giant set the final price of its shares at 32…
Austrian oil company OMV has been under attack by Greenpeace activists in New Zealand at two separate occasions. First, the protesters boarded OMV’s supply vessel at a port in Timaru and then moved the protests in front of OMV’s offices in New Plymouth. …
Canada’s Energy Regulator (CER), formerly the National Energy Board (NEB), approved an application by Chevron Canada to export LNG from Kitimat, BC, mainly to Asian markets, for a term of 40 years. In its application, Chevron Canada said that it intends to export up…
Pars Oil and Gas Company (POGC) has completed annual overhaul operations on 22 offshore platforms at the South Pars gas field in the Persian Gulf. The programme, which lasted 160 days, was designed to sustain sufficient gas supply to meet Iran’s needs during the…
The machines, from the Delta4000 series, will be supplied in the 4.8 MW operating mode and the order also includes a Premium Service contract covering ten years. Karayel Elektrik is a project company owned by Nokta Investment Holding and Yilsan Investment Holding in Istanbul….
Wintershall Dea has drilled the longest well (A36B) ever completed by the company in Norway. Reaching some 9,023 metres from the Brage platform, the well is around 200 metres longer than Mount Everest is tall. The A36B well is also the longest offshore…
The global oil and gas sector outlook is stable, but the risk of downgrades exists for some companies, particularly in North America and Latin America, says Fitch Ratings. Bifurcated market access and weak natural gas prices are elevating refinancing risk in North America, while…
Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with China State Shipbuilding Corporation (CSSC) to study, research, and develop marine equipment and technology jointly. The MoU will include research into zero-emission vessel projects and applications which comply with the IMO’s 2050 decarbonisation…
