News

  • Boskalis targets subsea market by adding two new vessels

    Dutch services provider Royal Boskalis Westminster NV has added two large diving support vessels (DSVs) to its fleet in an effort to strengthen its subsea services proposition.   With this addition, the existing position in the area of inspection, repair and maintenance of subsea offshore…

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  • Plan underway to subdue Russian gas with German LNG terminal

    The old trading city of Hamburg in north-west Germany will soon become the centre for a drive in Europe’s biggest economy to diversify natural gas imports.   Three partners are forging plans to build a terminal for liquefied natural gas on the shores of the…

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  • Eni to drill 2 wells off Cyprus in next 2 months

    Eni has said it will drill two exploratory wells off Cyprus over the next two months, expressing confidence that significant reserves can be found for possible export to Europe.   Eni ceo Claudio Descalzi described Cyprus as a “natural bridge” linking existing and potential gas…

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  • Iraq Invites Foreign Bids For Oil, Gas Blocks In New Areas

    On the 27th November, Iraq invited foreign companies to bid for contracts to explore and develop oil and natural gas reserves in nine new blocks as the OPEC nation seeks to boost its output capacity.   “We invite all international companies to participate,” Oil Minister…

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  • Statoil takes Total’s Martin Linge field stake for US$1.45 billion

    Statoil will take over Total’s stakes in the Martin Linge field (51%) and the Garantiana discovery (40%) on the Norwegian continental shelf (NCS). Statoil will take over both operatorships and pay Total a consideration of US$1.45 billion.   Total E&P Norge is the operator of the Martin…

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  • Namibia: Tullow to spud Cormorant prospect next September

    Joint venture partners in the PEL 37 licence offshore Namibia have agreed to drill an exploration well on the Cormorant prospect with a targeted spud date of the 1st September 2018.   The partners in the PEL 37 JV are Tullow as the operator, ONGC…

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  • Giant Libra oil field in Brazil starts production

    Total has announced first oil from the Libra mega-field, located in ultra-deep waters 180 kilometres offshore Rio de Janeiro, in the pre-salt Santos Basin in Brazil. The Libra project is operated by Brazil’s Petrobras.   First oil is flowing into the Pioneiro de Libra FPSO,…

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  • Insurance Jottings

    Time for change? Dennis Culligan offers ideas Is the energy market delivering the products its clients want or require? Dennis Culligan of risk, insurance and claims management company Longdown|EIC believes the energy sector and wider insurance market need to re-examine how they meet those needs…

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  • MacGregor Receives Order from Summit LNG Terminal in Bangladesh

    MacGregor, part of Cargotec, has signed an order for the fabrication, engineering and project management of a complete subsea mooring and riser system with the Bangladesh-based company, Summit LNG Terminal.   The MacGregor system will serve Summit’s floating storage and regasification unit (FSRU). The order…

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