News

  • US JCPOA withdrawal pushes Total to drop South Pars 11 plans

    France’s Total SA has dropped plans for South Pars 11 (SP11), a gas development project to supply gas within Iran following US President Donald Trump’s announcement that the US will withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate sanctions.   PetroChina was…

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  • South Pars 11 will not be halted, Iran says

    Other parties may assume control of the South Pars 11 gas project in the Persian Gulf if Total pulls out, according to news service Shana.   Iranian Minister of Petroleum Bijan Zangeneh, speaking following signature of a heads of agreement for development of Iran’s onshore…

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  • Premier Oil Says Debt Reduction On Track As Output Grows

    Premier Oil said on the 16th May that it is heading for a “material” reduction of its US$2.7 billion debt pile, with its Catcher field ramp-up reaching a promised 60,000 barrels per day as oil prices trade at their highest in more than three years.   In a trading…

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  • The Key Players in Global Offshore Decommissioning Market 2018-2022

    The report, now available on ASDReports, recognises the following companies as the key players in the global offshore decommissioning market: AF Gruppen, Aker Solutions, Heerema Marine Contractors, John Wood Group, Oceaneering International, and Ramboll Group.   Commenting on the report, an analyst said: “One trend…

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  • Australian operators approve next-phase subsea studies

    Wood says the next phase is under way of an initiative to improve understanding of the reliability of subsea equipment applied offshore Australia.   The company is leading the Subsea Equipment Australian Reliability Joint Industry Project (SEAR JIP), which has support from operators including Chevron…

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  • Bangladesh Drops Trafigura In LNG Talks As Gunvor Advances

    Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating liquefied natural gas  import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project.   Once considered an energy backwater, Bangladesh’s LNG demand is set…

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