Oil giant Petrobras has made two new oil discoveries in Brazilian offshore waters. In an update on the 11th May, Petrobras said it had confirmed oil of excellent quality in the Southeast area of the Búzios field and greater potential in the pre-salt of…
Technology which has the potential to help the oil and gas industry save millions of pounds by almost trebling the chance of drilling a successful well has taken a major step forward. The results of a North Sea field trial in 2019, carried out…
Van Oord’s heavy lift vessel Svanen has arrived at the Kriegers Flak offshore wind farm in the Danish sector of the Baltic Sea. Van Oord entered into an agreement with Vattenfall for the transport and installation of the foundations for the Kriegers Flak wind…
Serica Energy has entered into a contract for the provision of a drilling rig for the intervention work on the Rhum-3 (‘R3’) well on behalf of the Rhum partners. The work will be carried out using the AwilcoDrilling’s WilPhoenix, a third-Generation, Enhanced Pacesetter, harsh-environment,…
Global Clean Energy Holdings Inc.(GCEH) has acquired and plans the immediate conversion of Delek US Holdings Inc subsidiary Alon Bakersfield Property Inc’s idled 70,000-b/d Bakersfield, California refinery into a renewable diesel production plant . GCEH, which closed the deal on the 7th May at a…
In Rigzone’s most recent review of weekly oil market “hits and misses” one market-watcher pointed out that demand is recovering, albeit slowly. In their preview of what to watch this week in the oil market, panellists anticipate limited price growth, more production shut-ins and perhaps…
The second quarter of this year will see the largest volume of liquids production cuts, including shut-in production, in the history of the oil industry. That’s what IHS Markit stated in a new industry note, which outlined that the company now expects as much…
Classification society Bureau Veritas (BV), a provider of testing, inspection, and certification services, has noted a 900 per cent rise in demand for the remote inspection of offshore assets and equipment since the outbreak of the COVID-19 pandemic. BV said on the 11th May…
PetroNor has reached an accord with Senegal’s government on suspending the arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence areas for six months. It follows progressive dialogue with the relevant authorities. Eyas Alhomouz, chairman of PetroNor E&P Ltd,…
Petro Matad, the AIM quoted Mongolian oil explorer, has provided an update on cost saving measures and its application for an Exploitation Licence covering the Heron-1 oil discovery. In order to ensure that the Company’s current financial resources can sustain the organisation through the…
