News

  • Classification of Oil Casing Materials

    There are many types, the basic ones are ordinary carbon steel, J55, L80, N80, P110, etc; then there are more special materials, such as 3Cr, 9Cr, 13Cr, 22Cr, etc, which are mainly carbon dioxide-resistant; and materials which prevent hydrogen sulphide, such as 90SS, 95SS, etc….

    Read more
  • Wintershall Dea sells concessions in southern Germany

    Wintershall Dea has entered into an agreement with RDG GmbH & Co KG (“RDG”) to sell its operated participating interests in certain oil concessions mainly located in Southern Germany.   The concessions include Aitingen (Wintershall Dea’s interest: 33.33%), Schwabmuenchen (100%), Lauben/Bedernau (50%) and Hebertshausen (100%),…

    Read more
  • Australia becomes world’s largest LNG exporter

    Australia has become the largest exporter of LNG on an annualized basis with an estimated 77.514 million tonnes shipped from the country’s ten LNG projects during 2019.   Qatar is second with an expected 75 million tonnes of LNG exports in the period. The US…

    Read more
  • US issues alert to commercial shipping

    As the security situation in the Middle East remains volatile, the Maritime Administration (MARAD) of the United States Department of Transportation ​has issued MSCI alert 2020-001B.   The alert warns the commercial shipping of the threat from Iran and its Proxies in the Persian Gulf,…

    Read more
  • Insurance Jottings

    Escalating US / Iran tensions bring further premium hikes across multiple lines Insurance premiums are expected to escalate further across numerous lines on the back of rising tensions between the US and Iran.   Lloyd’s confirms insurance classes for modernised syndication pilot As part of…

    Read more
  • Equinor to extend the life of Statfjord field towards 2040

    Norwegian oil and gas company Equinor and its partners in the Statfjord area have identified and approved plans to extend production from the field towards 2040.   A new business plan will ensure even higher use of resources, extract more value from the field, and allow…

    Read more
  • Premier secures drillship for offshore Brazil well

    Premier Oil has contracted the drillship Valaris DS-9 to drill the Berimbau/Maraca stacked prospects on block 717 in the Ceara basin offshore Brazil.   The well, due to spud in 3Q, will target a potential 300-MMbbl resource (Premier operator, 50%).   Offshore Mexico, the company…

    Read more