Statoil is the latest addition to a Joint Industry Project (JIP) set to revolutionise subsea boosting pumps. Ask an equipment manufacturer for cheap, light, and strong, and most will tell you it cannot be done. Fuglesangs Subsea, project manager for the JIP, will tell…
Ramboll will merge its Oil & Gas and Energy divisions to accommodate the growing focus on sustainability and better support clients’ need for a full service, multidisciplinary offering. When Ramboll in 2016 entered the Chinese market, as the first foreign consultant on a large…
ExxonMobil and its partners have achieved a sixth oil discovery in the deepwater Stabroek block offshore Guyana. The drillship Stena Carron spudded the Ranger-1 well in early November in 8,973 feet (2,735 metres) of water. The well intersected around 230 feet (70 metres) of…
We are delighted to announce that Alan Brooks has joined LongdownEIC London in a part time capacity as Senior Consultant. Alan brings a wealth of technical and market knowledge from a forty year plus career in broking and risk management. He is widely recognised as…
A Portuguese-flagged chemical tanker sustained damage after hitting an offshore platform in the North Sea, on New Year’s Eve. Owned by John T Essberger from Germany, the 2013-built tanker Elsa Essberger was on its way from Antwerp to Malmo when it struck an unused…
There are early signs that the global exploration sector may soon return to profit, according to Andrew Latham, Wood Mackenzie’s vice president of global exploration research. “Based on the volumes which we can already measure, resource discovery costs are close to US$2 per barrel…
Indonesia’s ‘embattled’ exploration and production sector is in ‘dire’ need of additional investment, according to BMI Research. The country is suffering from slowing exploration, rising costs from mature assets and a ‘seemingly perpetual decline’ in oil and gas output, energy analysts at BMI said…
Qatar Petroleum (QP) has confirmed that it plans to invest in Iraq’s upstream oil businesses. President and CEO Saad Sherida Al Kaabi (pictured) told reporters: “I have met with the Iraq’s Oil Minister (Jabar Al Luaibi) and have conveyed my interest in investing Iraq’s…
Pars Oil and Gas Company expects gas production to begin from the Phase 14 development of the South Pars field in the Persian Gulf by February. Hamidreza Masoudi, an official for the project, told news service Shana that the programme was currently 77% complete,…
Oil traders are going to have their work cut out for them in 2018. OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising US output is threatening those efforts. Geopolitical tensions…
