A Chinese company has reportedly signed a US$1.39-billion construction contract in Iraq. According to Xinhua, China Construction Third Engineering Bureau will implement civil engineering projects and infrastructure in southern Iraq, including low-cost housing, education, medical centres, and facilities projects in governorates of Najaf, Karbala…
Chevron Corporation said on the 8th August that it has launched one of the world’s largest carbon capture and storage projects, injecting CO2 into a deep reservoir under an island off Western Australia at its Gorgon LNG project. The carbon storage project was delayed…
BP and Reliance Industries Limited (RIL) have announced that they have agreed to form a new joint venture which will include a retail service station network and aviation fuels business across India. Building on Reliance’s existing Indian fuel retailing network and an aviation fuel…
Independent Oil and Gas Plc (IOG) spudded the Harvey appraisal well in the North Sea, the company announced on the 7th August. The UK producer used the Maersk Resilient jack-up to drill the well, which is located in the UK Southern North Sea Blocks…
The Abu Dhabi National Oil Company (ADNOC) revealed on the 7th August that it will acquire a ten percent equity stake in global storage terminal owner and operator VTTI BV. Following the transaction, VTTI will be owned ten percent by ADNOC, 45 percent by…
The Irish Government has approved Europa Oil & Gas’ application to convert Licensing Option 16/20 in the Slyne basin offshore Ireland to Frontier Exploration Licence 4/19 (FEL 4/19). The 100 percent-owned licence includes Europa’s flagship Inishkea prospect which lies north-west of, and abuts, the…
Subsea connector specialist Balltec has recently completed offshore pipeline recovery work on Equinor’s Åsgard field located in the Norwegian Sea. Balltec said on the 7th August that the work on the pipeline was done on behalf of TechnipFMC Norway. The company provided a…
Ambitious plans to combine wind, solar, battery storage and potentially green hydrogen production at a hybrid “24/7” energy generation facility in South Australia have won development approval from the state government. The Neoen Australia Crystal Brook Energy Park has proposed to install up to…
Further to Standard Club’s web alerts on 17 June and 22 July and news article on 19 July the Warlike Operations Area Committee (WOAC) has temporarily designated the Strait of Hormuz as a high-risk area from 2 August. This follows the UK Government advice…
Spanish state-owned shipbuilding company Navantia has cut first steel for a module, which will be installed on Equinor’s Johan Sverdrup project located offshore Norway. In April 2018, Aibel was awarded a letter of intent for the construction of the processing platform topside for phase…
