Oilfield services provider TechnipFMC has been awarded a subsea installation contract by Chevron Australia, for the Gorgon Stage Two development, located offshore Western Australia in water depths ranging from 250 to 1,340 metres. TechnipFMC said on the 26th July that the contract covers the project management…
The dark storm clouds which have been hanging over the oil industry during the crude-price slump have suddenly started raining cash. After cutting billions of dollars of costs to survive the biggest downturn in decades, Big Oil is now riding a price rebound to…
AIM-listed Jersey Oil & Gas, an independent upstream oil and gas company focused on the UK Continental Shelf (‘UKCS’) region of the North Sea, has announced that it has been advised by Equinor, operator of the P 2170 (Blocks 20/5b & 21/1d) licence area, that…
On the 24th July, shale gas developer Cuadrilla became the first operator in Britain to receive final consent from the government to frack an onshore horizontal exploration well, paving the way for commercial production. The government said it had granted approval for so-called hydraulic…
Near-shore works have started for the TurkStream offshore gas pipeline through the Black Sea close to the Turkish town of Kiyiköy. According to the project’s operator Gazprom, the programme involves constructing seabed trenches around 2.4 kilometres (1.5 miles) long from the shoreline into the sea…
London-listed oil company Tullow is still interested in offshore blocks in Peru, following the Peruvian government’s ruling in May to scrap five offshore oil contracts Tullow had in the country. The five contracts, awarded to Tullow earlier this year during the tenure of the…
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India’s oil minister said on the 23rd July, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran. India, Iran’s top oil client after China, shipped in…
Five new platforms are due to be installed by late September at the South Pars field in the Persian Gulf. These will serve phases 13, 14, and 24 of the ongoing development. Mohammad Meshkinfam, CEO of Pars Oil and Gas Company, told news…
Dutch Damen Shipyards Group has assumed operational control at the Mangalia shipyard in Romania Damen said that a ceremony was held on the 23rd July to signify its first day of operations at Damen Shipyards Mangalia in Romania. The celebration marked Damen’s completion…
Ocean rig on said on the 23rd July that it had entered into a new drilling contract with Chariot Oil & Gas for a one-well drilling programme, for drilling offshore Namibia using Ocean Rig Poseidon drillship. The contract is expected to start in direct continuation…
