Dutch OOS Energy buys Ocyan semi-submersible rig

OOS Energy, a subsidiary of Dutch firm OOS International, has taken over management of the semi-submersible drilling rig ODN Delba III from Ocyan, formerly known as Odebrecht Oil & Gas.   OOS International said last week that the onshore and offshore management teams of OOS…

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First offshore decommissioning operation performed in Romania

Romanian oil company OMV Petrom has completed the removal of the Gloria platform from its production location in the Black Sea offshore Romania.   OMV Petrom said it would decommission the Gloria offshore platform in the Black Sea back in May 2019 after the platform…

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EIB to End Fossil Fuel Financing From 2021

The European Investment Bank (EIB) has revealed that it will end financing for fossil fuel energy projects from the end of 2021.   Future financing will accelerate “clean energy innovation, energy efficiency and renewables”, according to the EIB, which said the group will unlock US$1.1…

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CNOOC starts production at Caofeidian expansion project

China National Offshore Oil Company Ltd (CNOOC) has started production at its Caofeidian 11-1/11-6 oilfield comprehensive adjustment project in Bohai Bay.   Caofeidian 11-1/11-6 are in 20-25 metres water.   The output expansion project included construction of two central processing platforms and will also fully…

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Iraq to Build 5 New Refineries

The Iraqi Ministry of Oil has reportedly announced that it will select a number of international investment companies to build five new refineries around the country:   Kirkuk with a capacity of 70,000 barrels per day (bpd)   Wasit capacity of 140,000 bpd   Nasiriyah…

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