The Liquefied Natural Gas production capacity in Sub-Saharan Africa (SSA) is expected to be more than double over a ten- year forecast period, according to a Fitch Report recently released. The main drivers of the LNG demand growth are set to be Asian emerging…
Mitsubishi Shipbuilding Company, Ltd, a Group company of Mitsubishi Heavy Industries, Ltd. (MHI) based in Yokohama, has held a christening ceremony for a next-generation LNG carrier under construction for Trans Pacific Shipping 5 Ltd, a joint venture of Jera Company Ltd Inc (JERA) and Mitsui…
Europa Oil & Gas, the AIM quoted UK and Ireland-focussed oil and gas exploration and production company, has provided its investors with the following update on its portfolio of multistage licences offshore Ireland and onshore UK. “Dear Investor, Happy New Year. This is a…
Premier Oil says the first appraisal well in Zama field on Mexico’s offshore Block 7 encountered the main Zama reservoir. Separately in Mexico, Premier Oil plans a 3D seismic survey across offshore Block 30 starting in the second quarter. Operator Talos Energy LLC…
Indonesia’s Medco Energi has set a price for a potential offer for the takeover of London-listed oil company Ophir Energy – 48.5 pence a share in cash. Earlier this month, the two companies said they were in talks over a potential takeover by Medco…
After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines. The long-awaited spending rebound…
Equinor has completed a transaction with Chevron west of Shetland. The company has taken on Chevron’s 40% operated interest in the undeveloped deep-water Rosebank oil project west of Shetland. During the first half of this year, Equinor aims to start up Mariner in…
A leading provider of innovative asset cleaning and decontamination solutions has reported a successful return to an important overseas market. In 2017, Inverurie-based Denholm MacNamee unveiled significant investment in the purchase of an external heat exchanger cleaner (shell side) and associated equipment which was…
Philippines firm Phoenix Petroleum said on the 11th January that it has won government approval to build the nation’s first liquefied natural gas import terminal for US$2 billion, in partnership with China National Offshore Oil Corporation (CNOOC). Phoenix, a fuel retailer, said it plans…
Saudi Arabia has announced an increase in its oil and gas reserves, revealing for the first time details about the world’s largest deposits. An external audit was conducted as Saudi Aramco, the state oil giant plans for its initial public offering. US consultant…
