News

  • Hibiscus increases production at the North Sabah PSC

    Hibiscus Petroleum has safely and successfully completed the St Joseph Minor Sands Infill and Major Sands Redevelopment Infill Drilling Campaign in September 2020, in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (‘North Sabah PSC’).   This campaign entailed the drilling and completion…

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  • Insurance Jottings

    Insurers Face Liability Uncertainties as Ships Begin to Sail Through Arctic Waters When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.   Double the manpower is needed to navigate. Lookout shifts are kept to just…

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  • OGA Review Highlights Room for Improvement

    The UK Oil and Gas Authority (OGA) has published a new thematic review which highlights that there is room for improvement.   The OGA said the review recognises that industry is improving following earlier interventions but stresses the importance of maintaining the high standards now…

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  • Petrobras win for Solstad subsea vessels

    Solstad Offshore said that Petrobras has extended the current contract of RSV Far Saga for a period of one year and picked up another vessel for operations in Brazil.   According to Oslo-listed Solstad, the contract started on Friday, 30 October 2020.   The Far…

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  • NPD highlights need for further oil and gas finds offshore Norway

    Exploration activity on the Norwegian shelf is profitable in all areas, according to a resource report from the Norwegian Petroleum Directorate (NPD).   Torgeir Stordal, director for Exploration at the NPD, said: “A diverse range of players, good access to acreage, and a higher volume…

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  • BP to close Kwinana oil refinery

    BP will cease production from its Kwinana oil refinery south of Perth and convert the facility into a fuel import terminal.   Oversupply in Asia and sustained low refining margins have made the refinery uneconomical, and – after exploring numerous options – conversion to a…

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