A report on the UK oil and gas workforce dynamics, more than 40,000 new people will need to be recruited into the industry over the next 20 years, including 10,000 posts which do not exist today. The UKCS Workforce Dynamics Review, created by global…
Crude surged past US$71 for the first time since 2014 as American stockpiles shrank and the US told crude buyers to curb purchases from Iran. Futures in New York climbed three percent the day after President Donald Trump’s said he is withdrawing from the…
Enbridge (US) Inc, an indirect subsidiary of Enbridge Inc, has agreed to sell Midcoast Operating LP and its subsidiaries to AL Midcoast Holdings LLC, an affiliate of ArcLight Capital Partners LLC, for US$1.12 billion in cash. The Midcoast businesses conduct the company’s US natural…
Vestas has received a 31 MW order for the supply and installation of nine V117-3.45 MW turbines for an undisclosed project in Italy. The project, which was won in Italy’s latest auction held in November 2016, takes Vestas’ order intake from the four Italian…
Russia has exported less crude oil to Europe this year as the quality of the fuel on offer deteriorated and tense diplomatic relations prompted it to redirect more volumes to China. Russia increased oil pipeline exports to China by almost 50 percent in January-April…
West Texas Intermediate (WTI) crude oil prices will struggle to move sustainably above US$75 per barrel this year due to strong supply growth. That is the view of oil and gas analysts at BMI Research, who expressed the sentiment when answering questions following a…
Kosmos Energy has spudded the Anapai-1 exploration well in block 45 offshore Suriname, targeting an early Cretaceous structural-stratigraphic trap. Results should follow later this month. Under the company’s alliance with BP, Kosmos has entered into petroleum contracts covering blocks 10 and 13 offshore São…
Rolls-Royce has signed a long-term service agreement with offshore vessel owner Siem Offshore for the maintenance of its deck machinery installations aboard 12 anchor handling vessels. Rolls-Royce said on the 9th May that the five-year maintenance inspection programme (MIP) was the formalisation of a…
The Ministry of Oil has announced that BP has signed a contract to develop the Kirkuk oil fields. The deal with the North Oil Company (NOC) will see BP will boost output capacity from the six fields in the Kirkuk region to more than…
Crude oil prices jumped back to near 3-1/2-year highs on the 9th May after President Donald Trump pulled the United States out of an international nuclear deal with Iran, sparking worries about fresh tension in the Middle East and global oil supplies. Asian shares…
