A unit of state-owned Pertamina (Persero) of Indonesia is assessing development of an oil and gas discovery named Akasia Maju in the Jatibarang basin of West Java. The Pertamina EP AMJ-001 1 well, drilled to 2,517 metres near Bulak Lor Village, Idramayu Regency, flowed…
Equinor will start production from the Oseberg H platform in September after it received the start-up approval from the Norwegian Petroleum Directorate (NPD) on the 24th August. Oseberg H is a new unmanned wellhead platform which is part of the Oseberg Vestflanken 2 development project…
Bahamas Petroleum, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas has advised that it has received notice from the major international oil company that entered into an exclusivity agreement with the Company, effective 1 May…
The Iranian economy has spiralled out of control since a new set of US-enforced sanctions against trade with Iran went into force on the 7th August, as its currency value has been plummeting ever since while inflation rates are on the rise. Iraqi investors in Iran have been far from…
Siccar Point Energy, Aberdeen, has suspended for use in future development the 204/10a-5 appraisal well in Cambo oil field, 125 kilometres north-west of the Shetland Islands, saying logs and cores confirmed a high-quality reservoir with 23° gravity oil and “petrophysical properties better than anticipated.” …
MHI Vestas Offshore Wind has signed a conditional agreement for the Moray East offshore project in the UK. The project is to be delivered by MHI Vestas Offshore Wind and will not enter into the order backlog of Vestas Wind Systems A/S. If…
Iranian Offshore Oil Company has recovered its 19th crude oil consignment from the oil layer of the South Pars field in the Persian Gulf. According to news service Shana, the cargo was loaded on the FPSO Cyrus over two days last week. This…
Golar hopes its pioneering floating liquefied natural gas project in Cameroon will lead to further schemes in West Africa after it struck a deal to use the concept at BP’s Tortue gas development, its chief executive said on the 23rd August. The Hilli Episeyo…
Right before Norway’s biggest oil project in decades got the go-ahead in 2015, crude prices fell off a cliff. That turned out to be perfect timing. The crash forced desperate suppliers like platform builders and offshore drillers to cut their prices, allowing Equinor ASA…
Norwegian offshore vessel owner Østensjø Rederi has agreed to sell its offshore construction vessel Edda Fonn to the New Zealand Navy. The 2003-built Edda Fonn vessel, which has been working in the offshore oil and gas industry for years will be outfitted with the dive…
