Ineos Shale has encountered another setback in its effort to assess natural gas potential of shale formations in England. The company said the Rotherham Metropolitan Borough Council has rejected its application to drill a vertical core hole west of the village of Woodsetts in…
TechnipFMC has completed the engineering, procurement, fabrication, and supply of umbilicals for the Total-operated Kaombo project offshore Angola. The multi-site project used the facilities of TechnipFMC Umbilicals Ltd, TechnipFMC Umbilicals Inc, and Angoflex Ltda. The Kaombo development is located on block 32 about…
The price of Brent crude oil will average US$75 per barrel next year, according to the latest forecast from oil and gas analysts at BMI Research. BMI’s forecast is significantly higher than the Bloomberg consensus, which forecasts that Brent will average US$63.5 per barrel…
South Sudan’s state-owned oil company has been “captured by predatory elites” and is being used to fund the country’s civil war, including a government-aligned militia accused of human rights abuses, according reports by two investigative organisations. Millions of dollars in oil revenue are being…
Exxon Mobil Corporation, the world’s largest publicly traded oil producer, said on the 7th March that it expects earnings to more than double by 2025 to US$31 billion, with crude prices at or above current levels. It was the first time Exxon has ever…
Offshore Ship Designers (OSD) has presented a new series of Ice Class vessel designs, especially suited for marine services around the development of new arctic ports, terminals, and offshore structures. A prerequisite for this type of vessel, operating under arctic conditions, is the ability…
Aker BP has received consent from the Norwegian Petroleum Safety Authority to perform manned underwater operations this year at the Alvheim, Ula and Valhall fields. The underwater operations will be carried out by Subsea 7’s diving support vessels Seven Falcon and Seven Atlantic and…
McDermott International has been awarded a detailed engineering and long lead procurement services contract from BP Trinidad & Tobago (bpTT) for the Cassia C Compression Platform, located 40 miles (65 kilometres) off the south-east coast of Trinidad and Tobago. The contract follows McDermott’s award…
Vattenfall is now taking a further step into the European wind energy market by forming an alliance for the bid preparation in an offshore wind tender in Dunkerque, France. Vattenfall is teaming up for the Dunkerque wind project, known as Eliade, with Caisse des…
Ophir Energy has decided to exit from Block 513 offshore Côte d’Ivoire, following an unsuccessful well at the acreage last year. Block CI-513 covers a gross area of 1,443 square kilometres in water depths up to 3,000 metres. Ophir became the operator of the block…
