Equinor has awarded Aibel the engineering, procurement, and construction contract for the final bridge on the Johan Sverdrup field in the Norwegian North Sea. The contract was included as an option in Aibel’s initial contract for the Johan Sverdrup Phase 2 (P2) topsides awarded…
UK-based Ophir Energy has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended following expiry of the licence on the 31st December 2018. Fortuna sits within the…
Malaysia, is preparing for official start-up of Pemgerang Refining & Petrochemical (PRefChem) subsidiary Pengerang Refining Company Sdn Bhd’s 300,000-b/d refinery and petrochemical integrated development (RAPID) project. Mechanical completion at PIC’s RAPID project was achieved on the 29th November 2018, and all critical units under…
India’s largest oil and gas company Indian Oil Corporation Limited has said that Iran could still invest in one of its subsidiaries for a refinery expansion project. Sanjiv Singh, chairman of Indian Oil stated that Iran has not ruled out its participation in the…
US$123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to US$60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning. That is according to Rystad Energy, an independent energy research and business intelligence…
DNO has relinquished operatorship and participation in Oman’s offshore block 8 to the country’s Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production (OOCEP). The concession, containing the Bukha and West Bukha fields, has produced 35 MMbbl of oil…
Italy’s Eni has signed a deal with Caelus Natural Resources to take over 70% and operatorship of the Oooguruk oil field in the Beaufort Sea, offshore Alaska for an undisclosed sum. With this, Eni will hold a 100% percent interest in the project. …
Ukraine has launched its first oil and gas licensing round online. Ten parcels were put up for the first round of international oil and gas auctions in the ProZorro.Sale system. “In the future, we plan to put up from five to ten monthly, and…
TAG Oil reports that at the special meeting of TAG’s shareholders held on the 3rd January, TAG’s shareholders approved the proposed special resolution regarding the arm’s length sale of substantially all of TAG’s Taranaki Basin assets and operations in New Zealand to Malaysian-based Tamarind Resources…
Marking another key milestone in establishing the Russian wind industry, Vestas has been awarded an order for the 198 MW Kamensko-Krasnosulinsky project from WEDF Second Wind Farm LLC, a joint venture between Rusnano and Fortum. Located in the Rostov region (south-western Russia), the project…
