News

  • Exxon Exits Kurdistan Licence

    DNO has announced the acquisition of ExxonMobil’s  32 percent interest in the Baeshiqa licence in the Kurdistan region of Iraq.   The deal, which is pending government approval, doubles DNO’s operated stake to 64 percent and sees ExxonMobil exit the asset. DNO said it plans…

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  • Harland & Wolff taking over BiFab Methil, Arnish sites

    Owner of the Harland & Wolff shipyards, InfraStrata, is acquiring the assets of Scotland’s Burntisland Fabrication (BiFab) at Methil in Fife and Arnish in Western Isles.   BiFab officially went into administration in December 2020 after a deal for jacket foundation work for the Neart…

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  • Kongsberg to provide equipment, controls for Triumph subsea vessel

    Kongsberg Maritime has signed a letter of intent with Brodosplit Shipyard and DIV Group in Croatia concerning a newbuild subsea construction vessel.   Triumph Subsea Services has commissioned the ST-269 vessel, with an option for three more vessels of the same design.   This will…

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  • Orlen lets contract for Lithuanian refinery

    PKN Orlen SA subsidiary Orlen Lietuva AB has let a contract to DuPont Clean Technologies, a division of E I DuPont de Nemours & Company, to provide technology licensing for a grassroots alkylation unit to be built at its 10-million tonnes/year refinery in Mažeikiai, Lithuania….

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  • EIA forecasts lower oil prices later in 2021 on rising supply

    The US Energy Information Administration (EIA) expects Brent crude oil prices will average US$56/bbl in first-quarter 2021 and US$52/bbl over the remainder of the year.   The forecast, part of EIA’s February Short-Term Energy Outlook (STEO), also included the expectation of lower oil prices later…

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  • Petrofac Wins Australia Decom Contract

    PTT Exploration and Production (PTTEP) has awarded Petrofac’s Engineering and Production Services (EPS) business a well project management contract for work in the Vulcan Basin offshore North West Australia, Petrofac reported on the 9th February.   Petrofac stated the contract calls on it to provide…

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  • Norway greenlights plan for partial electrification of Sleipnir field

    Norwegian Ministry of Petroleum and Energy has approved a revised plan for development and operation (PDO) for partial electrification of the Equinor-operated Sleipnir field centre located off Norway.   Equinor, as the operator of the Sleipnir field, made an investment decision to partly electrify the…

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  • PTTEP finds more gas at Lang Lebah offshore Sarawak

    PTTEP has confirmed its largest-ever gas discovery with the Lang Lebah-2 appraisal well on the SK410B block offshore Sarawak, Malaysia.   The company discovered gas with the Lang Lebah-1RDR2 exploration well in 2019.   The appraisal well was completed in mid-January 2021. It was drilled…

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