As previously advised, the US expanded its sanctions against Russia in August 2017. The original article can be viewed here. Some of these sanctions apply to non-US persons and is therefore likely to impact foreign investment in oil and gas projects. Since September 2014, US persons…
Faroe Petroleum and its partners in the Fenja field submitted a US$1.2-billion plan for development and operation to the Norwegian Ministry of Petroleum and Energy on the 19th December. The project was announced about the same time as first oil was anticipated from Premier…
Royal IHC, the Dutch supplier of equipment, vessels, and services, is buying Oceanteam’s Dutch-based engineering and consultancy company, KCI the Engineers BV. Oceanteam and Royal IHC have executed a signing protocol under the terms of which IHC will acquire all of the outstanding share…
Saudi Aramco, Lamprell, Bahri and Hyundai Heavy Industries have officially launched their International Maritime Industries (IMI) joint venture which will be responsible for the management of the multi-billion dollar maritime and offshore yard being built in Saudi Arabia’s Ras Al-Khair. According to Saudi Aramco,…
Maersk Drilling has been awarded a four year contract for the deepwater drillship Maersk Venturer by Tullow Ghana Ltd. The contract, which was signed December, is expected to commence in February 2018 and covers development drilling on the Jubilee and TEN fields offshore Ghana….
Royal Dutch Shell has terminated the proposed US$80-million sale of its Danish subsidiary AS Dansk Shell to Dansk Olieselskab ApS. The deal, under which Dansk Olieselskab was to acquire the 70,000-b/d Fredericia refinery as well as Dansk Shell’s local trading and supply activities –…
Russian tankers have supplied fuel to North Korea on at least three occasions in recent months, breaching United Nations by transferring cargoes at sea, reported Reuters, citing unnamed senior Western European security sources. The claims were based on naval intelligence and satellite imagery of…
Norway’s pipeline gas exports to Europe hit a record high in 2017, exceeding the previous year by almost seven percent, preliminary data from the country’s offshore gas systems operator Gassco showed on the 2nd January. Europe’s second-largest gas supplier after Russia exported 116 billion cubic metres (bcm) of natural gas via pipelines…
Article by Michael Bradshaw, Professor of Global Energy, Warwick Business School It is now more than three years since the West imposed sanctions on Russia, due to its activities in Ukraine. Most recently, the Trump administration has taken additional steps to punish Russia for its…
Article by John Wood Texo DSI (UKCS) Drone technology has been in the mainstream psyche for many years, particularly in the military. Only recently have there been opportunities for commercial exploration. The potential for use in the offshore industry is large, both in oil and…
