News

  • Aasta Hansteen topside begins journey to Norway

    The heavy transport vessel Dockwise White Marlin, carrying the 24,000-tonne Aasta Hansteen topside, has begun its journey from Ulsan, South Korea, to Norway.   According to latest AIS data, the White Marlin and the topside are several kilometres off the city of Busan and, if…

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  • Dong Energy severing oil and gas ties

    Danish energy company Dong Energy has received regulatory approvals for the divestment of its upstream oil and gas business to INEOS, and it expects to sever all ties to its oil and gas background on the 29th September, as part of its strategy to focus on…

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  • Turkey backs Iraq on oil after Kurdish vote

    The government of Turkey said it will deal exclusively with the Iraqi government on oil exports after voters in the semi-autonomous Kurdistan Region of Iraq supported independence in a controversial referendum.   Assurance from Turkish Prime Minister Binali Yildirim of support for Baghdad followed threats…

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  • Press Release from BDO and Longdown|EIC

    “Our thoughts are with all those affected by Hurricanes Irma and Maria.  The past weeks were very traumatic but together we will all stand and rise up again; stronger and better Caribbean nations.   The devastating damage caused by the recent hurricanes will lead to…

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  • Libya Oil Output Gains as Country Faces Calls to Join OPEC Cuts

    Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day even as OPEC and its allied suppliers step up efforts to contain a global glut.   Output at the North African nation’s Sharara field…

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  • BP: Arundel field begins production

    BP has started oil production from the Arundel field, one of two North Sea fields sanctioned in 2016.   Located 15 kilometres north of the Andrew platform in the central North Sea, the Arundel field was discovered in 2000, with further appraisal wells drilled in…

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  • First construction contracts awarded for Saudi maritime yard

    Lamprell expects all conditions to be completed by year-end for the proposed new maritime yard in Saudi Arabia.   In May, the fabricator signed a joint venture agreement with Saudi Aramco, Bahri, and Hyundai Heavy Industries (HHI) to establish and operate the facility through a…

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  • ABB And Northvolt Partner for Europe’s Largest Battery Factory

    ABB and Northvolt have signed a Memorandum of Understanding (MoU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the…

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