News

  • Japanese Firm awarded US$3.7 billion Iraq Deal

    JGC Holdings Corporation has announced that JGC Corporation, which operates the overseas engineering, procurement, and construction (EPC) business of the JGC Group, has been received the Letter of Award for the Basrah Refinery Upgrading Project for an Iraqi oil refining company under the Iraqi Ministry…

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  • KrisEnergy hires PV Drilling jack-up for Cambodia drilling

    Singapore’s KrisEnergy has hired a jack-up drilling rig operated by PV Drilling for drilling operations on the Apsara development located offshore Cambodia.   KrisEnergy said on the 14th August that a letter of award has been agreed with PV Drilling for the PVD III jack-up…

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  • Xodus launches floating offshore wind study

    Xodus Group has started a three-year collaborative research project on the costs around floating offshore wind.   The study, led by Xodus through the IDCORE programme, is a collaborative partnership between the Universities of Edinburgh, Strathclyde and Exeter as well as the Scottish Association for…

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  • US Seizes Tankers Bound for Venezuela

    The US has seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration which carries the potential to destabilise global oil shipments if Iran retaliates.   The tankers were transporting 1.116 million barrels of petroleum, which has now…

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  • Venezuela oil production close to zero

    Venezuela – one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC – could soon be producing close to zero barrels of oil, according to a new analysis by IHS Markit.   Venezuelan crude oil…

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  • Oil Sands Producer Eyes Hydrogen Exports

    The idea of producing cleaner-burning hydrogen to rid the world of fossil fuels is gaining traction in the unlikeliest of places: Alberta, home of the infamously dirty oil sands.   Better known for energy companies which have been blacklisted by the Church of England for their…

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  • BPC granted force majeure extension for Bahamas licence

    Bahamas Petroleum Company (BPC) has been granted an interim force majeure extension to the second exploration period for its southern licences in The Bahamas, which will ensure the drilling of the Perseverance #1 well can be completed within the planned timeframe of the rig contract….

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