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…
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…
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…
What is the cost of securing the nation’s energy from a cyber attack? Amid rising threats, including a recent attack on several US power and natural gas suppliers, energy companies are now spending less than 0.2% of their revenue on cybersecurity, at least a…
Rosatom and the Republic of Zambia signed a general contract for the construction of a Centre for Nuclear Science and Technology (CNST). The signing took place during the tenth international Atomexpo-2018 forum in Sochi. On behalf of Russia, the document was signed by Director…
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…
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…
Norway’s Aker Solutions has secured a contract valued at over NOK 1 billion (over US$123 million) from Equinor (formerly Statoil) to deliver a module for the Troll A platform which will help increase output at one of Norway’s largest natural gas fields. The engineering,…
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…
A unit of Russian state oil firm Rosneft, Rosneft Vietnam BV, has started drilling at a new production well in waters off the southern coast of Vietnam, the company said. The drilling is significant for Vietnam, which has been struggling to maintain its crude…
