The technology group Wärtsilä has commenced site work for a new 378 MW power plant being supplied on an Engineering, Procurement and Construction (EPC) contract in El Salvador. This facility, ordered by Energía del Pacífico, will be the largest and most efficient power plant…
Qatar Re closes curtain on energy book as retrenchment continues On the 7th January it was announced that Qatar Re has exited the energy market as the carrier continues to streamline its business. International Group unveils revised reinsurance structure The International Group of P&I…
Premier Oil has provided a Trading and Operations Update ahead of its 2018 Full Year Results, which will be announced on Thursday the 7th March 2019. Highlights Estimated year-end net debt of US$2.3 billion, below previous guidance of US$2.4 billion and a reduction of…
Venezuela will remap its Caribbean oil and gas prospects in a move which could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil’s venture in the region, people with knowledge of the plan said. The seismic survey is planned for…
KrisEnergy has re-started oil production from the Wassana field in the Gulf of Thailand following the passing of Tropical Storm Pabuk. Crews have returned to the mobile offshore production unit, and the Rubicon Venture FSO has been reconnected to the Wassana field mooring. …
Offshore driller Noble Corporation has reportedly bought another Gusto-designed newbuild jack-up rig from PaxOcean’s Graha yard in Batam, Indonesia. According to VesselsValue, this week the offshore driller has acquired the Jingxuan newbuild jack-up rig which the Indonesian yard originally built for China-based Petrolor Oilfield…
Morocco is a country with a rapidly growing economy and industries where there are more and more opportunities created every day. As a result, Morocco is faced with a robust internal energy demand. This energy demand is being managed by a well-planned and consistent…
Tight oil production is today a largely US phenomenon. From less than 0.5 mb/d in 2010, production has surged to around 6 mb/d in 2018 and this growth shows little sign of slowing down any time soon. In the most recent World Energy Outlook,…
TransCanada Corporation is hoping to start construction by June on its decade-old Keystone XL oil pipeline project, even as the US government shutdown threatens to delay a key legal proceeding. In a court filing on the 7th January, the Calgary-based pipeline company said its…
Royal Boskalis Westminster has secured a three-year subsea services contract in the Middle East valued at US$40 million, with an extension option. The company will deploy the diving support vessel BOKA Constructor with an ROV for the contract, crewed with air diving/ROV teams and…
