Lundin Norway has let an integrated engineering, procurement, construction, and installation contract to TechnipFMC for the Luno II and Rolvsnes development in 110 metres of water in the North Sea. The contract covers the delivery and installation of subsea equipment including umbilicals, rigid flowlines,…
Despite a 140% boom in US crude oil production and a 50% jump in natural gas output since shale took flight in 2008, the midstream infrastructure to pipe this new supply around the country has simply not kept up. This is a major problem for…
Indonesian oil and gas group Medco said on the 30th January it will buy Ophir Energy for a sweetened bid of £390.6 million in cash, as it looks to strengthen its portfolio of assets in South-east Asia. The deal comes after Ophir rejected Medco’s…
CNOOC Limited has announced a new discovery on the Glengorm prospect, which is located in the UK central North Sea. The Glengorm exploration well was drilled to a total depth of 16,587 feet and encountered net gas and condensate pay zones with a total…
Cue Energy has completed the funding requirements for the Ironbark-1 exploration well on the WA-359-P permit offshore Western Australia. New Zealand Oil & Gas (NZOG) has agreed to take a 15% interest, free-carrying Cue for 2.85% of the costs of the well on the…
AAOG in Djeno discovery, offshore Congo Anglo African Oil & Gas Plc, an independent oil and gas developer, has informed that TLP-103C well at its Tilapia licence in the Republic of the Congo has intersected the targeted Djeno horizon and that hydrocarbons were encountered. The…
The US government imposed sanctions on Venezuela’s national oil company Petroleos de Venezuela SA (PDVSA) on the 28th January following a determination by US Treasury Secretary Steven Mnuchin, in consultation with US Secretary of State Mike Pompeo, that persons in PDVSA are plundering operations to…
Now that Japanese giants Toshiba and Hitachi have walked away from UK nuclear power projects which had previously been abandoned by others, it has forced the government to reassess the pro-nuclear bias of its energy policy. Greg Clark, the UK business secretary, has recognised…
All newbuild floating production storage and offloading (FPSO) vessels slated for deployment in the Oceania region from 2019 to 2025 will operate in Australia, according to a new report from GlobalData. “In Australia, FPSOs are primarily being deployed to develop conventional natural gas fields,”…
The Norwegian Petroleum Safety Authority (PSA) has been assessing the potential for collisions between floating glacial ice and semi-submersibles in the far north of Norway. Work has included studying interactions between a modelled body of ice and a semi-submersible platform. The study, part…
