Cuadrilla has announced that it has begun to see natural gas flow to the surface from its shale exploration well at the Preston New Road (PNR) site. The company described the news as significant. “The volumes of gas returning to surface at this…
Israel announced the launch of its second offshore bid round on the 4th November. As part of the latest round, licences for 19 blocks will be issued in five zones. Each block measures up to 154 square miles, according to Israel’s Ministry of Energy….
Offshore services provider Telford Offshore has been awarded a charter deal from Indonesian contractor Timas Suplindo for one of the company’s offshore construction vessels. Telford said on the 5th November that the contract was awarded to the DP3 multi-purpose vessel Telford 25. The…
Oil and gas company Tullow Oil is working to increase production from two of its operated fields offshore Ghana towards the nameplate capacity of FPSOs operating on the respective fields. Tullow is the operator of two fields located offshore Ghana, Jubilee and TEN. Tullow’s…
Tawke Licence: The Kurdistan Regional Government notes the updates by DNO and Genel Energy on the 1st November regarding production increases under the Tawke Production Sharing Contract (PSC). The KRG is pleased with the efforts of the Tawke PSC Contractors in the Peshkabir area…
KNPC is retiring existing processing facilities at its Shuaiba refinery and upgrading and expanding its Mina Al Ahmadi and Mina Abdullah refineries. The FDH JV joint venture comprising Fluor Corporation, Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully generated first steam into…
Polarcus Ltd has received an award for a 3D marine seismic acquisition project in West Africa. The award comprises two surveys of about three months each. The first survey is expected to start in the second quarter of 2019 and the second survey…
Turkey’s first drillship Fatih has arrived at location and started drilling the Alanya-1 well located in the Eastern Mediterranean Sea. It was reported on the 1st November that the Fatih drillship had left Antalya, heading to its offshore location to start searching for oil and gas…
ExxonMobil Corporation reported estimated third-quarter earnings of US$6.2 billion compared with US$4 billion in the same quarter in 2017. Cash flow from operating activities of US$11.1 billion was the highest since third-quarter 2014. Capital and exploration expenditures were UD$6.6 billion – US$18.1 billion…
Chevron Corporation reported third-quarter earnings of US$4 billion compared with $2 billion earned in third-quarter 2017. Included in the current quarter were a write-off, an asset impairment, and a nonrecurring contractual settlement totalling US$930 million in the upstream business, and a gain of US$350…
