China Wins US$121 million West Qurna-1 Contract

China Petroleum Engineering & Construction Corporation (CPECC) has reportedly won a US$121-million contract to upgrade gas capture facilities at West Qurna-1 oilfield.   According to Reuters, the project is due to be completed within 27 months.   Source: Iraq Business News

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More platforms heading to South Pars Phase 13 offshore Iran

The two remaining platforms for the Phase 13 development of the South Pars gas field in the Persian Gulf (platforms B and D) will be installed in the next four months, according to news service Shana.   Platform C is currently operational while Platform A…

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US on its Way to Energy Independence

In just a few months, the US will be fully energy independent and by 2030, the country’s total primary energy production will outpace primary energy demand by 30 percent, according to a forecast by Norwegian energy research firm Rystad Energy.   “This milestone follows a…

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Regal Petroleum announces MoU for potential acquisition of assets in Ukraine

AIM-listed Regal Petroleum has entered into a Memorandum of Understanding for the acquisition of PJSC Science and Production Concern Ukrnaftinvest (‘UNI’), which holds the Belolisky and Alibeysk-Trapivska production licences in Ukraine.   Under the terms of the Memorandum, the Acquisition is conditional on and subject…

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North Sea Statfjord field enters fifth decade of production

Equinor has commemorated 40 years of production from the Statfjord oil and gas field in the Norwegian North Sea.   Since operations started through the Statfjord A platform on the 24th November 1979, the field has produced a cumulative 5.1 Bboe.   The lifespan has…

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