Ivory Coast awarded Tullow Oil two new oil and gas blocks on the 17th January, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said. Africa-focused Tullow now holds stakes in nine Ivorian blocks, eight of which it has picked up…
The pace at which China exports the fuel it does not want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer. That’s a harbinger of bad news for processors in the rest of Asia —…
Huisman claims to have produced the world’s first 3D printed offshore crane hook. The device has passed its 80-metric ton load test and all associated quality control checks. Crane hooks are conventionally manufactured using casting or forging techniques. Huisman employs the 3D printing…
The Azerbaijan International Oil Company (AIOC) has awarded KBR and its joint venture with SOCAR two front-end engineering design (FEED) contracts. These are for a new production, drilling, quarters (PDQ) platform – Azeri Central East (ACE) – to be added at the Azeri-Chirag-Gunashli (ACG)…
Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly. US crude futures lost 0.4% while in London Brent retreated from US$70/bbl, a level it crossed last week for the first time since 2014….
Oil services company Archer Ltd has been awarded a three-year contract by Apache for the provision of platform drilling management services which include operations and maintenance on the Forties and Beryl fields in the UK North Sea. This will include the Forties Alpha, Bravo,…
On behalf of its client Bakker Sliedrecht, subsea technology company Seatools has completed the development, manufacturing, and testing of two 250-litre subsea pressure compensators. The compensators will be applied to 1.7-MW submersible electric motors installed on a new hopper dredger currently constructed by Wenchong Shipyard…
In connection with the Award in Predefined Areas (APA) for 2017 Statoil has been offered interests in 31 exploration licences on the Norwegian continental shelf (NCS), 17 of these as operator, and 14 as a partner. “The NCS is the core of Statoil’s business, and…
Beach Energy Ltd, Adelaide, has made a gas field discovery in the onshore Otway basin of South Australia with the deviated Haselgrove-3 ST1 well in production licence PPL62 about eight kilometres south of Penola. The wholly owned Beach permit is on state forestry land…
BP raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in US history start to wind down. The 2010 explosion at a well in the Gulf of Mexico threatened BP’s…
