News

  • PSA sanctions start-up preparations at two Norwegian fields

    Equinor has permission from Norway’s Petroleum Safety Authority (PSA) to use facilities to tie Wintershall Dea’s Dvalin subsea field development in the Norwegian Sea to the Heidrun field infrastructure.   Dvalin’s well stream will be exported to the Heidrun TLP for processing. From there the…

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  • UK association takes action to maintain offshore operations

    Oil & Gas UK (OGUK) has convened a Pandemic Steering Group, comprised of representatives from across the industry.   Its remit is to identify and address the challenges of maintain offshore operations at present and ensuring communication with relevant stakeholders and government agencies.   The…

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  • Total Makes Encouraging North Sea Find

    Total revealed on the 17th March that it has made an “encouraging” gas and condensate discovery in the Central North Sea through the Isabella 30/12d-11 well in licence P1820.   The well encountered 209 feet of net pay lean gas and condensate and high-quality light…

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  • World’s largest crane vessel to arrive in Rotterdam

    The world’s largest semi-submersible crane vessel Sleipnir will arrive in the Port of Rotterdam for the first time on Saturday, the 21st March.   Sembcorp Marine, a Singaporean ship and offshore builder, completed the construction of Heerema’s Sleipnir in May 2019 and it set on…

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  • Chevron, Sonatrach sign MoU for Algerian hydrocarbon development

    Chevron has signed a memorandum of understanding with Sonatrach to initiate joint discussions on exploration, development, and exploitation of hydrocarbons in Algeria following the promulgation of the new Algerian Hydrocarbons Law.   The new law is aimed at stimulating foreign investment in Algeria’s oil and…

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  • Global wave and tidal stream energy production surges tenfold

    Global wave and tidal stream energy production has risen tenfold over the last decade, according to a report issued today by a leading ocean energy organisation.   Ocean Energy Systems (OES) annual report shows cumulative energy produced from wave and tidal stream sources surged from…

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  • Oil Supertankers Fetch Astronomical Rates

    Oil companies are being forced to pay exorbitant prices for oil tankers as shipowners book vessels for storage and Saudi Arabia snaps up ships as it prepares to flood the market with crude.   Reliance Industries Ltd booked the supertanker Princess Mary for more than $400,000 a…

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  • Yinson seals the deal for Vietnam FPSO

    Malaysia’s FPSO operator Yinson has finally managed to secure a more long-term deal for its Lam Son FPSO, which is operating offshore Vietnam.   In a Bursa Malaysia filing on the 16th March, Yinson said that PTSC had entered into a bareboat charter contract for…

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  • US to buy more oil for petroleum reserve

    The US Department of Energy is preparing to purchase crude oil for the Strategic Petroleum Reserve (SPR), which has room for an additional 77 million bbl.   “The department is confident that the purchase of oil could begin in as soon as two weeks,” an…

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