Offshore energy-related activity is expected to grow and will require trillions of dollars of investments through 2040. This is according to the recently released International Energy Agency’s Offshore Energy Outlook, which forecasts what’s ahead for the offshore energy industry through 2040. The outlook…
Dutch offshore accommodation provider Chevalier Floaters has secured a contract in the oil and gas sector in the Dutch section of the North Sea. The company has said that the contract marks a return of its DP Galyna vessel to the oil and gas…
Following a thorough and comprehensive grid allocation process, Taiwan’s Ministry of Economic Affairs has awarded Ørsted the right to connect 900MW offshore wind capacity to Taiwan’s power grid with the following projects: Changhua 1 with a capacity of 605MW and grid connection in 2021…
Borr Drilling has sold 14 old jack-up rigs en bloc to a non-drilling company. The rigs will be delivered to the new owner over the next 30 days. The disposal is expected to contribute up to US$16 million in profit to Borr’s second quarter 2018…
Stone Energy has closed the transaction contemplated under the previously announced Asset Purchase Agreement dated the 27th April to purchase a 100% working interest in the Ram Powell Unit, and related assets, from Shell Offshore Inc, Exxon Mobil Corporation, and Anadarko US Offshore. On…
Iran’s crude exporters had a banner April, with shipments soaring to a record right before the possible re-imposition of US sanctions on their oil sales. Crude exports by OPEC’s third-biggest producer totalled 2.61 million barrels a day, according to the Iranian Oil Ministry’s Shana…
AWE says discussions have started with Indonesia’s regulator on a joint development of the G-sand and K-sand reservoirs for the offshore Ande Lamut (AAL) oil field in the north-west Natuna Sea. The partners have applied to move the G-sand resource from exploration status to…
Saudi Arabia’s efforts to shore up public finances and revive economic growth are still pretty much dependent on oil prices, even as the kingdom tries to reduce its reliance on revenue from crude exports. The world’s biggest oil exporter will need crude prices to…
The Cooper Energy Ltd-led joint venture producing from the Casino/Henry gas fields in the Otway basin offshore western Victoria has signed an agreement with BHP Billiton Petroleum Pty Ltd to acquire BHPB’s 90% interest in the onshore Minerva gas plant. Cooper already holds 10%…
The report, now available on ASDReports, recognises the following companies as the key players in the global bunker oil market: BP, Chevron, Exxon Mobil, Gazprom, HPCL, and Royal Dutch Shell. Commenting on the report, an analyst said: “One trend in the market is growing…
