News

  • Tullow gains entry to two Peru offshore licences

    Peru’s government has approved Tullow’s entry into two offshore licences, Z-38 and Z-64.   The company and Karoon Gas plan an exploration well early next year on Z-38, which may target the Marina prospect.   Also, off Guyana, Tullow plans to drill two back-to-back exploration…

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  • Damen completes maintenance work on Deep Arctic DSV

    Damen Shiprepair Amsterdam has completed maintenance work on the diving support vessel (DSV) Deep Arctic.   Damen said on the 26th June that a substantial proportion of the maintenance work was done in dry dock.   According to the company, the 156-metre, TechnipFMC-owned, Deep Arctic…

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  • Aramco plans US$6 billion expansion at Korean refinery

    Saudi Aramco is planning a US$6 billion expansion at its South Korean refining unit as the state-owned producer signs deals to ensure long-term demand for its crude in Asia.   Saudi Crown Prince Mohammed bin Salman took Aramco’s Chief Executive Officer Amin Nasser with him…

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  • Lorelay completes Balticconnector offshore pipelay

    Allseas’ Lorelay has completed construction of the offshore section of the Balticconnector gas pipeline across the Gulf of Finland.   Offshore pipelay started on the 20th May at Inkoo and finished on the 24th June with the final section in place at Paldiski on the…

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  • Equinor, OMV plan cooperation off Norway

    Equinor and OMV have signed memorandums of understanding to cooperate in development of the Austrian company’s Wisting oil discovery in the Barents Sea off Norway and concept development of its Hades/Iris gas and condensate discovery in the Norwegian Sea.   Subject to government approval, Equinor…

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  • Petro Matad provides update on Mongolia operations

    Petro Matad, the AIM quoted Mongolian oil explorer, has provided an operational update on progress towards its planned drilling programme in 2019, and its application for PSC extensions for Blocks IV and V.   Operational Highlights Drill sites for the three Block XX wells, Heron…

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  • Equinor gets consent to use Johan Sverdrup processing platform

    Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has given Equinor consent to use the P1 processing platform on the Johan Sverdrup field in the North Sea offshore Norway.   The P1 production platform is the third of four platforms to be installed at the…

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  • Water Woes Could be a Boon for Pipeline Companies

    For companies who haul oil and natural gas, the next big thing may be dirty water, according to Jefferies Group LLC.   As booming US oil production unleashes a torrent of contaminated water which rises to the surface with crude, pipeline operators may be in…

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