Petrofac has been awarded a contract worth around US$1 billion by Groupment Isarene for engineering, procurement and construction services relating to the Ain Tsila development project in Algeria. The work-scope of the 42-month contract includes commissioning, start-up and performance testing. Located around 680 miles…
BP Marine has announced that it will begin to retail low sulphur fuel which meets new MARPOL regulations limiting the sulphur content of marine fuels. BP is introducing a new very low sulphur fuel oil (VLSFO), with a maximum 0.5% sulphur content, following successful…
Valeura Energy, the upstream natural gas producer focused on appraising and developing an unconventional gas accumulation in the Thrace Basin of Turkey, has reported its financial and operating results for the three month period ended 31st December 2018 and the year ended 31st December 2018,…
Damen has confirmed that the new contract, signed in Singapore, was for two Damen 3307 patrol vessels, increasing the total number of Damen offshore patrol vessels in the Homeland fleet with the first ordered in 2014 and the fourth vessel in the series delivered in…
With the recent failures of the UK government to pass a deal for leaving the European Union next month, a general election this summer seems possible, despite both the Prime Minister and the Home Secretary ruling out a snap contest in June. If there were…
Eni has agreed to farm out a 30% interest in the Tarfaya Offshore Shallow Petroleum Agreement to Qatar Petroleum, subject to approval by the Moroccan authorities. The 23,900-square kilometre (9,228-square mile) Tarfaya Area, covering 12 exploration blocks, is in waters up to 1,000 metres…
GAC Marine has been awarded two contracts by Petronas Carigali to provide marine services for its development of the Garagol Deniz West field in the Caspian Sea. GAC Marine said on the 13th March that its Turkmenistan entity was awarded a deal to supply…
Eni says an oil discovery on Block 15/06 offshore Angola opens a new play concept. The Agogo-1 NFW well penetrated a 203-metre oil column with 120 metres of net pay in Lower Miocene sandstones in subsalt diapirs. Oil is 31° gravity. The well…
The Nordex Group’s new business continues on its upward trend. Now the wind turbine manufacturer has won new orders for wind farms from Greece. Terna Energy SA has ordered a total of 36 machines of different models with a capacity of 108 MW. The…
Gran Tierra Energy has announced that, based on preliminary results, the company has made a new-country entry into Ecuador through the submission of winning bids for a total of three blocks, which were offered by the Ministerio de Energia y Recursos Naturales No Renovables (…
