News

  • Experts Insist Permian Output is Approaching a Peak

    Such is the extent of the shakeout in the US shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor.   Adam Waterous, who runs Waterous Energy Fund, regards the sector’s financial position as unsustainable…

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  • Searcher Seismic completes prospectivity study in Gulf of Papua

    Independent seismic data acquisition company Searcher Seismic has expanded its offshore data library with the completion of the Gulf of Papua prospectivity study in Papua New Guinea.   The Gulf of Papua is a vast area comprising over 187,000 km2. With only 27 wildcat exploration…

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  • Lekoil announces suspension of trading on AIM

    Lekoil’s advisers were approached by representatives of the Qatari Investment Authority (the ‘QIA’) questioning the validity of the loan agreement announced on the 2nd January 2020 (the ‘Facility Agreement’).   Lekoil is urgently seeking to establish, alongside its legal counsel and Nominated Adviser, the full facts of…

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  • Polluted Wastewater in the Forecast? Try A Solar Umbrella.

    Evaporation ponds, which are commonly used in many industries to manage wastewater, can span acres, occupying a large footprint and often posing risks to birds and other wildlife.   Yet they are an economical way to deal with contaminated water because they take advantage of…

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  • Saudi and UAE Service Firms Form Alliance

    Saudi Arabia-based Industrialisation and Energy Services Company (TAQA) and UAE-based AlMansoori Petroleum Services (AMPS) have formed an alliance to provide high-end, fully integrated fracturing and stimulation offerings, TAQA reported on the 14th January.   The oilfield services (OFS) firms announced the deal at the 2020…

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  • SBM’s first Fast4Ward hull arrives in Singapore

    SBM Offshore’s first completed Fast4Ward hull has arrived at the Keppel yard in Singapore after a 2,300-nautical mile (4,260-km) journey from the Shanghai Waigaoqiao Shipbuilding and Offshore Company (SWS) yard in China.   The hull’s arrival represents a milestone on the path to delivering SBM’s…

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