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GSP to drill three wells in Prinos area offshore Greece Energean Oil & Gas has awarded GSP an EPCI and drilling contract for the production expansion programme at the Prinos concession offshore western Greece.   The newly launched Epsilon field development will comprise an unmanned…

The report, now available on ASDReports, “Drilling Tools Market by Type (Drill Bits, Drilling Tubulars, Drilling Motors, Drill Reamers and Stabilisers, Drill Collars, Drill Jars, Drill Swivels, Mechanical Thrusters), Application (Onshore and Offshore), and Region – Global Forecast to 2022”.   The drilling tools market…

The North Sea is now back to a ‘new normal’ but we are never likely to go back to the heyday of 2014, according to Kevin Swann, Wood Mackenzie (WoodMac) UK upstream research analyst.   “Cost cutting has been widespread with an average reduction of…

Platts has reported that Iraq plans to launch a new Basrah Medium crude oil grade “whenever logistics allow,” to provide “more stability” in existing grades.   It quotes Ali Nazar al-Shatari, the Deputy Director General of the State Oil Marketing Organization (SOMO) as saying the new…

Ecuador has launched a bidding round for foreign companies to develop oil and gas reserves, hoping to attract some US$800 million in investment to boost production in the Andean nation’s sluggish economy.   Winners will operate four oil fields in Ecuador’s eastern Amazon region and…

Oil companies must explore for more offshore oil and gas reserves if Norway is to maintain energy production at its current level, state-owned oil firm Petoro said on the 14th March.   Petoro holds stakes in several oil and gas firms off Norway and represents…

GE Renewable Energy [GE] and Fina Enerji have signed an agreement to work on potential eight wind projects in Turkey providing up to 410 MW of power by the 31st December 2020.   With the previous agreement signed in 2017 for Kizilcaterzi Wind Project, Fina…

Statoil AS and its partners have committed five billion kroner and started work on the next steps in the development of Snohvit field in the Barents Sea.   Development of Askeladd field is the second phase of the multi-phased Snohvit development, which will provide feedstock…

Conditions in Venezuela have deteriorated under the Maduro regime to a point where other countries are beginning to consider ways to intervene and rescue the country’s citizens who have not already fled, speakers suggested during a discussion on the 13th March at the Atlantic Council….

A debate about the proposed Nord Stream 2 natural gas pipeline at the Atlantic Council on the 12th March quickly became heated as some participants argued that it would serve a broader Russian political purpose while others said it simply would increase available supplies for…