Libya declared a state of force majeure at its largest oil field after an armed group forced a production halt, just days after OPEC exempted the country from global crude output cuts. The shutdown at the Sharara field will result in a production loss…
Mexico plans to start awarding the construction of its seventh refinery as soon as March 2019, President Andres Manuel Lopez Obrador said on the 9th December at an event at the Dos Bocas port in Tabasco, even as the nation´s refining system is operating at…
Eni has started production from the Vandumbu field in Block 15/06 offshore Angola, through the West Hub N’Goma FPSO. The Block 15/06 is located approximately 350 kilometres north-west of Luanda and 130 kilometres west of Soyo. Eni said on the 10th December that…
Oil companies Point Resources and Eni Norge have completed the merger, and have as a result established a company named Vår Energi, dubbed Norway’s largest independent Exploration & Production company. According to a statement on the 10th December, Vår Energi has a net daily production of…
ConocoPhillips has set a capital expenditure budget for 2019 of US$6.1 billion, which is flat to its expected full-year 2018 capex, excluding acquisition costs. The 2019 budget does not reflect potential dispositions which may occur in 2019. About US$3.1 billion, or 51%, will be…
Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in September 2018 with first oil delivered on budget and on schedule. All three wells are producing higher than expectation providing…
Vestas has won a 106 MW order by utilising its versatile product portfolio to develop the optimal solutions for several sites in Greece. The order includes the supply and installation of 14 V136-4.2 MW, five V136-3.6 MW and eight V117-3.6 MW turbines. To…
Premier Oil has completed the previously announced sale of its stake in Babbage Area in the UK North Sea to Verus. Premier said on the 7th December it had received £30.3 million (US$38.7 million), after adjustments for Babbage cash flows collected by Premier since…
The Louisiana Offshore Oil Port (LOOP) is pushing out the most crude it has shipped in any one month since the terminal began supertanker exports in February. As the race to build new supertanker ports in the US intensifies, LOOP is poised to send…
Kiewit has won the engineering, procurement and construction (EPC) contract for Venture Global LNG, Inc’s Calcasieu Pass LNG export project under development in Cameron Parish, Louisiana. According to the companies, Kiewit Louisiana Company will design, engineer, construct, commission, test and guarantee the LNG export…
