Yamal LNG ships first LNG cargo to Bangladesh

Pao Novatek has announced that Yamal LNG has shipped its first cargo of LNG to Bangladesh, in accordance with its long-term offtake agreement with Total.   The consignment was delivered along the westbound route, via the Suez Canal, with trans-shipment from the ice class Arc7…

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Longboat Energy admitted to trading on AIM

Longboat Energy, a company established by the successful former management team of Faroe Petroleum to fast track the creation of a new full-cycle North Sea oil and gas company, has announced the admission of its entire issued ordinary share capital to trading on the AIM…

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Key Libya Oil Field Resumes Output

Libya restarted production at a key oil field after clashes between rival fighters forced a temporary halt which threatened to jeopardise the reliable flow of crude from the OPEC country.   Output at the El-Feel, or Elephant, field has returned to normal and is currently…

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PetroRio buys remaining stake in Frade field for US$100 million

Brazil’s state-owned Petrobras has signed a contract with PetroRio for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for US$100 million.   Currently, PetroRio holds 70% interest of Frade’s concession….

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Libyan Fighting Flares Near Key Oil Field

Fighting flared around the El Feel oil field in southwestern Libya with the National Oil Corporation calling for an end to the violence and a commander loyal to the UN-backed government saying its forces had retaken the facility.   “We ask combatants to halt operations around the…

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AqualisBraemar and HOSE International in rig and well inspection pact

Engineering services company AqualisBraemar and HOSE International have signed a Memorandum of Understanding to provide jointly rig and well control inspection services to the offshore industry.   AqualisBraemar offers rig inspection services as well as services within well control, dynamic positioning, integrated control management system…

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