Premier Oil says its UK offshore production operations have not been materially impacted so far by COVID-19. The company has implemented pre-flight screening measures and additional passenger protocols for travellers to its offshore installations, and introduced dedicated helicopter flights for workers that develop COVID-19…
A fifth of global demand for oil will disappear this quarter. All three of the major forecasting agencies now agree that the world faces its biggest-ever slump in oil consumption, after governments imposed movement restrictions on billions of people to combat the coronavirus. The scale of the demand…
April has seen a marked reversal of fortunes for shale oil drillers in the United States. The price for May deliveries of West Texas Intermediate crude briefly dropped to minus US$40.32 per barrel on 20 April,[i] before rebounding to over zero. For the…
Magnum Venus Products (MVP), a global manufacturer of fluid movement and production solutions for industrial applications, is expanding its filament winding product offering with the launch of the Fusion Filament Winder. This solution is ideal for winding pressure vessels and tubes for small to medium…
The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has announced the launching of Somalia’s first offshore licensing round. Due to the spread of the global pandemic, COVID – 19, and resulting restrictions, the Ministry decided to launch the licensing…
A federal judge in Montana has reaffirmed his decision to block construction of the Keystone XL Pipeline and any other oil or natural gas pipeline project seeking approval for new construction under a streamlined nationwide permitting system for infrastructure anywhere in the country. Judge…
Covid-19’s impact on marine market far from certain as price hardening continues Covid-19 has cast a web over many facets of the marine insurance market with protection and indemnity (P&I) carriers potentially on the hook for cruise company claims while the stock through-put sector possibly…
Bureau Veritas (BV), the provider of testing, inspection, and certification (TIC) services, has formalised guidelines and a classification notation for floating, production, storage and offloading vessels (FPSOs) and floating production units (FPUs) designed for operation in Brazil’s deep waters. BV said on the 14th…
Construction of the world’s most controversial natural gas pipeline is about to enter the endgame of an energy dispute which has pitted the US against Russia and some of its closest trans-Atlantic allies, satellite images show. The Nord Stream 2 pipeline, built to increase…
Two of Norway’s leading offshore operators have secured approval for exploration drilling. The Petroleum Safety Authority has sanctioned OMV’s plan to drill a well and side-track (6506/11-12 S and 6506/11-12) on the Hades prospect in Norwegian Sea licence PL 644. The semi-submersible Island…
