The Oil & Natural Gas Corporation (ONGC) has awarded a consortium of Baker Hughes, McDermott International, and L&T Hydrocarbon Engineering (LTHE) the subsea contract for development of block DWN-98/2 in the Krishna Godavari basin offshore eastern India. This is said to be ONGC’s most…
Ascent poaches head of cyber from Brit Ascent Underwriting, a London-based cyber and specialty lines MGA, has hired a new head of cyber from Brit Insurance. Caspar Stops will take up his new role at the end of November 2018. He is currently a…
Oil halted gains near US$76 a barrel on emerging concerns prices have rallied too fast as traders bracing for Iranian supply losses sent crude to a four-year high. Futures in New York fell as much as 0.6 percent on the 4th October. Prices have…
BP and Aker BP have formed an alliance to develop and deploy technology in their businesses, BP announced on the 3rd October. Through the ventures cooperation agreement, both companies will explore potential venture capital investments focused on technology and innovation improvements – including developments…
Norwegian oil company Equinor has struck oil at the appraisal well of the Cape Vulture discovery from 2017. The well, located in the Norwegian Sea, and drilled by the Songa Encourage drilling rig, confirms a volume potential of 50-70 million recoverable barrels of oil. According…
INPEX has completed the first shipment of condensate from the Ichthys LNG project offshore northwest Australia. The cargo departed from the FPSO Ichthys Venturer, moored in the Browse basin, 220 kilometres (136 miles) offshore. It is destined for the Asian market. Later this…
Royal Boskalis Westminster has been awarded the ‘Tyra Redevelopment Subsea Installation Phase II’ contract by Total E&P Denmark. The sizable contract includes subsea engineering, procurement, fabrication and installation for the Tyra Redevelopment project in order to extend the operational lifetime of the Tyra offshore…
In the race to solve a fuel-import crisis in Nigeria, Africa’s richest person faces competition from a swarm of tiny challengers. Billionaire Aliko Dangote is building a 650,000 barrel-a-day refinery in Nigeria which will help cut the nation’s US$7 billion annual fuel-import bill. Such…
Rex International Holding aims to start oil production from block 50 offshore Oman next year following new studies of the GA South 1 discovery well and seismic data. The company had previously sought to scale back its equity in the 17,000-square kilometre (6,564-square mile)…
Singapore’s provider of engineering, fabrication, and construction for oil & gas industry Dyna-Mac has entered into a strategic alliance with Joint Efficient Developments Consultancy (JEDCO) and Meridian Marine Industries. Dyna-Mac said on the 2nd October it had entered into the tripartite collaboration through its…
