The new company, Canadian Supply Base Company (CSBC), is gathering resources, opportunities and cluster participants to explore the development of a proposed multi-user, ‘one-stop shop’ port cluster at Bull Arm, Newfoundland. This ‘Life of Field Service Centre’ concept would incorporate supply base services with…
On the 23rd February, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced new sanctions against North Korea in order to isolate the regime further. US OFAC advised that the North Korean shipping industry is a primary means by which North Korea…
Norwegian oil company Statoil has started drilling at the Oseberg Vestflanken 2 development located offshore Norway, using the Cat J rig Askepott. Statoil started drilling at Oseberg Vestflanken 2 in the early hours of Sunday, the 25th February, the company announced, adding that the project could…
South Korea’s Samsung Heavy Industries has completed a riser platform topside for Statoil’s giant Johan Sverdrup development offshore Norway. The shipyard said on the 26th February that the topside module for the Johan Sverdrup riser platform had left the Geoje shipyard. The topside loaded…
East Timor and Australia have reached an agreement for a treaty on their disputed maritime border and on a “pathway” to develop the giant Greater Sunrise offshore gas fields, the Permanent Court of Arbitration said on the 26th February. Under the agreement, the share…
Climate change is a reality which no one can deny at present, and with the natural resources declining at a rapid rate, it is affecting various industries drastically. The manufacturing industry, especially the automotive sector which is growing at the fastest rate, is exhibiting…
The global LNG market has continued to defy expectations of many market observers, with demand rising 29 million tonnes to 293 million tonnes in 2017, according to Royal Dutch Shell Plc’s annual LNG Outlook. Strong demand growth, says Shell, is consistent with its inaugural…
Crude oil products will continue to dominate global energy demand for transportation through 2040 despite surprisingly strong growth in electric vehicle sales, BP Plc said in its 2018 Energy Outlook Oil and gas will still play a major role under each of the forecast’s…
Schlumberger and Subsea 7 SA announced on the 23rd February that they have entered into exclusive negotiations to form a joint venture. The companies said the JV would build on the success of the Subsea Integration Alliance, established in 2015, which currently combines the…
Dril-Quip has been awarded a contract to supply top tensioned riser (TTR) systems and related services for the development of the Ca Rong Do Project located offshore Vietnam operated by Repsol with the participation of Mubadala, PVEP and PetroVietnam. Dril-Quip will provide a drilling…
