Saipem SpA is considering a combination with rival Subsea 7 SA to create a larger European oil services provider, The Italian company is pursuing a potential deal with Norway’s Subsea 7 as it seeks to bulk up and weather an industry downturn, according to…
Rompetrol Rafinare SA, a member company of KMG International Group, has completed installation of a fully automated vapour recovery unit at the auto and rail loading points of its 8,000-b/d Vega refinery in Pahova County, near Ploiesti, Romania. The US$2.3-million investment, which aims to…
Analysis of oil samples taken from the recent Jethro and Joe discovery wells offshore Guyana suggests that both fields contain heavy crudes with a high sulphur content. Operator Tullow Oil and its partners are assessing the commercial viability, taking into account the quality of…
More than a billion people in Asia depend on seasonal monsoons for their water needs. The Asian monsoon is closely linked to a planetary-scale tropical air flow which, according to a new study by Lawrence Berkeley National Laboratory (Berkeley Lab), will most likely shift geographically…
Premier Oil has provided a Trading and Operations Update for the ten months to the 31st October 2019. Highlights Group production averaged 79.4 kboepd for the period with high operating efficiency of 94%; forecast full year production at upper end of 75-80 kboepd…
The New Zealand subsidiary of Malaysia’s energy company Tamarind Resources has gone into voluntary administration due to an “unsustainable financial position.” Tamarind said on the 12th November that Jason Kardachi and Mitchell Mansfield of Borrelli Walsh were appointed as administrators of Tamarind Taranaki on…
Crude oil markets traded in a relatively narrow range in October following heightened volatility in September stemming from the attack on Saudi Arabian crude oil processing facilities. Brent crude oil spot prices averaged US$60/bbl in October, down US$3/bbl from September and down US$21/bbl from…
Renovation and upgrading of the production barge continues at the Benoi yard and Gul dry-dock in Singapore. New living quarters have been delivered and installed, along with the helideck and emergency diesel generator. The second and final dry-dock has been completed for all hull…
A nacelle from GE Renewable Energy’s Haliade-X 12 MW offshore wind turbine has arrived at the Offshore Renewable Energy (ORE) Catapult’s testing facility in Blyth, Northumberland, ahead of a rigorous testing programme designed to prepare it for years of operation at sea. This nacelle,…
Natural gas exploration by global oil companies in Bolivia, key to growing the country’s sagging economy, has stopped amid an escalating political crisis which has left the Andean nation rudderless. Royal Dutch Shell Plc, Total SA and Repsol SA have all stopped or severely…
