London-based Tullow Oil expects to shut down production from its Jubilee field offshore Ghana three times during 2018 to enable the completion of the FPSO repair works. An issue with the turret bearing of the Jubilee FPSO Kwame Nkrumah, which resulted in the need…
Rockhopper Exploration and operator Premier Oil expect to sanction the Sea Lion Phase 1 project in the offshore North Falkland basin by the end of this year. Activity during the second half of 2017, Rockhopper said, focused on the commercial, fiscal and financing elements…
Homeland Integrated Offshore Services Ltd of Lagos has taken delivery of another Damen 3307 Patrol Vessel for operations in the offshore oil fields in the Gulf of Guinea. This takes the total delivered vessels/Guardians since the first arrived in early 2014 to four. …
On the 4th January 2018, the US Secretary of the Interior announced the US government’s proposal to make over 90 percent of the total Outer Continental Shelf (OCS) acreage, in federal offshore areas, accessible for future oil/gas exploration and development (full statement can be read…
Rising oil prices are leading some forecasters to predict they could hit US$80/bbl this year, according to a report from the Wall Street Journal. Oil is already trading at its highest levels in three years after a 22% gain for US crude futures over…
America’s trade imbalance just got a bit smaller. The US has now become a net exporter of natural gas on an annual basis for the first time since at least 1957. Net exports averaged about 0.4 Bcfd last year, flipping from net inflows of…
Shell plans to begin constructing a solar power plant this year at its chemicals manufacturing facility in Moerdijk, the company reported on the 10th January. “Developing this solar power plant in Moerdijk fits within Shell’s ambition to play an active role in the Dutch…
Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. The Caspian Sea nation’s output has been rising over the past year as the giant Kashagan field ramps up production. That is in…
Kreuz Subsea has won its largest ever subsea services contract. The company will mobilise five vessels to provide subsea construction works for Indian engineering group Larsen & Toubro (L&T). Kreuz Subsea will help L&T install all riser clamps, risers, crossing works, tie-ins, subsea…
The Norwegian Petroleum Directorate (NPD) has acquired around 4,500 kilometres (2,796 miles) of 2D seismic data in Norway’s far north offshore sector. The WG Columbus acquired the data late last summer on the Gardarbank High, east/north-east of Bjørnøya and south of Hopen. This is…
