Italian oil and gas company Eni has signed the contracts for two new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast. The blocks were part of the 20 blocks available at the end of 2018, Eni said. The…
Canadian oil sands production growth is slowing, yet total production is expected to reach nearly four million b/d by 2030 – nearly one million b/d more than current levels – according to a ten-year production forecast by IHS Markit. The business information provider expects…
Chubb taps Hiscox for aerospace head Slevin Chubb has swooped on Hiscox for its divisional director of transport, energy and recall David Slevin to lead its London market aerospace practice. International Union of Marine Insurance appoints Agnes Choi Asia ambassador The International Union of…
Singapore’s offshore rig builder Keppel has ordered Kongsberg equipment for a semi-submersible drilling rig it is building for Awilco Drilling. Kongsberg Maritime said this was its first milestone order for a major project combining Kongsberg control and electrical systems with power, propulsion, and mooring…
Leveraging its extensive project management experience and product expertise, Vestas has developed a full engineering, procurement and construction (EPC) solution for the 35 MW Wesley wind project located at the Eastern Cape. The order is placed by EDF Renewables and adds to Vestas’ more…
Prosafe and Gothenburg-based Floatel International have agreed to merge, in order to better withstand future cyclical shifts in the offshore accommodation sector. The need for consolidation in oil services is well known, said Prosafe chairman Glen Ole Rødland. “We consider this transaction not only…
Seven companies have put in bids for 11 oil exploration contracts in Colombia, the government said on the 4th June, as the Andean country seeks to revitalise its oil sector. Frontera Energy, Geopark, Ecopetrol, Hocol, Parex Resources, Gran Tierra Energy and ONGC Videsh have…
Tipping point for downstream energy? Paul Sankey, Liberty Specialty Markets’ head of energy & construction, says the downstream energy market needs to do some serious thinking about its profitability. 2017 is expected to be the worst year for operational losses in the downstream energy…
Hope of restoring a clean water lifeline to Basra province is on the rise again with plans by the Iraqi and Iranian governments to revive the Shatt al-Arab as a source of drinking water and improve its functioning as a trade route. Representatives from Iraq and Iran met on the 19th May in…
Hurricane Energy has announced that the acceptance test for the Aoka Mizu FPSO vessel moored over its Lancaster oil field in the UK has been completed with the production of first oil. The vessel, hooked-up at the Lancaster location in March, completed its start-up…
