KNPC is retiring existing processing facilities at its Shuaiba refinery and upgrading and expanding its Mina Al Ahmadi and Mina Abdullah refineries. The FDH JV joint venture comprising Fluor Corporation, Daewoo Engineering & Construction and Hyundai Heavy Industries has successfully generated first steam into…
Polarcus Ltd has received an award for a 3D marine seismic acquisition project in West Africa. The award comprises two surveys of about three months each. The first survey is expected to start in the second quarter of 2019 and the second survey…
Turkey’s first drillship Fatih has arrived at location and started drilling the Alanya-1 well located in the Eastern Mediterranean Sea. It was reported on the 1st November that the Fatih drillship had left Antalya, heading to its offshore location to start searching for oil and gas…
ExxonMobil Corporation reported estimated third-quarter earnings of US$6.2 billion compared with US$4 billion in the same quarter in 2017. Cash flow from operating activities of US$11.1 billion was the highest since third-quarter 2014. Capital and exploration expenditures were UD$6.6 billion – US$18.1 billion…
Chevron Corporation reported third-quarter earnings of US$4 billion compared with $2 billion earned in third-quarter 2017. Included in the current quarter were a write-off, an asset impairment, and a nonrecurring contractual settlement totalling US$930 million in the upstream business, and a gain of US$350…
Saudi Aramco and SABIC are to develop an integrated industrial complex to convert crude oil to chemicals (COTC) at Yanbu, located on Saudi Arabia’s west coast, the companies said on the 1st November in a joint statement. On the 26th November 2017, Saudi Aramco…
BP has announced that it has completed its US$10.5 billion acquisition of BHP’s US unconventional assets. The energy major said the acquisition, which closed yesterday, adds oil and gas production of 190,000 barrels of oil equivalent per day and 4.6 billion oil equivalent barrels…
Petrofac and Takatuf Oman, owned by Oman Oil Company, have inaugurated their new institute designed to provide training for the Sultanate’s next generation of oil, gas, and energy personnel. The Takatuf Petrofac Oman (TPO) centre in Knowledge Oasis will be the largest technical training…
Drilling of the fourth production well is under way at the ExxonMobil-operated Hebron field development offshore Newfoundland. Production is currently 14,400 b/d and ramping up ahead of expectations, according to partner Suncor Energy. Source: Offshore Magazine
Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore. Uptime said on the 1st November that the first contract was a rental agreement for an Uptime 23,4m active motion compensated gangway for a seven-month period, starting the 1st…
