London-listed oil company Tullow is still interested in offshore blocks in Peru, following the Peruvian government’s ruling in May to scrap five offshore oil contracts Tullow had in the country. The five contracts, awarded to Tullow earlier this year during the tenure of the…
Iran was the second-biggest oil supplier to Indian state refiners between April and June, India’s oil minister said on the 23rd July, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran. India, Iran’s top oil client after China, shipped in…
Five new platforms are due to be installed by late September at the South Pars field in the Persian Gulf. These will serve phases 13, 14, and 24 of the ongoing development. Mohammad Meshkinfam, CEO of Pars Oil and Gas Company, told news…
Dutch Damen Shipyards Group has assumed operational control at the Mangalia shipyard in Romania Damen said that a ceremony was held on the 23rd July to signify its first day of operations at Damen Shipyards Mangalia in Romania. The celebration marked Damen’s completion…
Ocean rig on said on the 23rd July that it had entered into a new drilling contract with Chariot Oil & Gas for a one-well drilling programme, for drilling offshore Namibia using Ocean Rig Poseidon drillship. The contract is expected to start in direct continuation…
ExxonMobil has raised its estimate of the discovered recoverable resources across the Stabroek block offshore Guyana to more than 4 Bboe. The company is now advancing its evaluation to support a third phase of development, with consideration for two additional phases. The increase…
Global independent tank storage company Vopak said on the 20th July that it has inked an agreement with Engro Corp Ltd to buy a 29 percent stake in Pakistan’s first liquefied natural gas import facility. Vopak will invest in Elenergy Terminal Pakistan Ltd, whose…
Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth US$1.6 billion for what it claims will be the world’s largest continuous 3D offshore and onshore seismic survey. This will cover an area up to 53,000 square kilometres (20,463 square miles), as the company…
Oil and gas company Perenco has submitted its draft decommissioning programme for Tyne South and Guinevere installation in the North Sea to the UK authorities. According to Perenco’s draft decommissioning program submitted for consultation on the 20th July, Perenco plans to remove to shore the…
Oil and gas industry associations have welcomed the Trump administration’s proposals to revise portions of the Endangered Species Act so they are more clear and consistent. Officials from the US Fish & Wildlife Service and the National Oceanic and Atmospheric Administration jointly announced the…
