Oil and Gas Stepping Up Its Exploration Game

After years of budget cuts, oil and gas companies are finally stepping up their exploration game.   That is according to Rystad Energy, which said improved market conditions and lower well costs have led exploration and production players to “ramp up” their 2019 exploration activities…

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James Fisher expands in Middle East with Murjan acquisition

Marine and oil and gas services provider James Fisher and Sons (JFS) has continued its expansion in the Middle East with the acquisition of Murjan Al-Sharq Marine Contracting (MSMC).   JFS said on the 19th February that the acquisition of Saudi Arabia-based MSMC would add nearshore…

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South Pars 24A platform in place offshore Iran

The HL5000 barge has installed the second offshore platform at the South Pars phases 22-24 project in the Persian Gulf.   Pars Oil and Gas Company told news service Shana that ‘push-pull’ technology was applied to place the 2,300-ton 24A satellite platform structure at its…

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Contracts let for gas fields off Sarawak

Sarawak Shell Bhd. and Sapura Exploration & Production have let contracts to McDermott for work related to the linked development of three natural gas fields offshore Malaysia.   The Shell unit’s contract covers transportation and installation of jackets, topsides, and pipelines for Gorek field.  …

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India Becomes Top Buyer of Venezuelan Oil

India is feasting on Venezuelan oil, after the US imposed a de facto ban on crude imports from the Latin American nation.   While flows to the US came to a halt, India became the Number One buyer of Venezuelan crude in the first half…

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Repsol Makes Gas Discovery in Indonesia

Spanish energy company Repsol has made a major gas discovery onshore Central Sumatra.   Indonesia’s upstream regulator SKK Migas confirmed the find at Repsol-operated Sakakemang PSC, according to Wood Mackenzie research director Andrew Harwood.   “Repsol’s Kali Berau Dalam-2 well re-entered after well control problems…

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