UK union Unite announced on the 31st March that it welcomed a new agreement covering offshore workers. The agreement, which was hammered out between trade unions, including Unite, and the Offshore Contractors Association (OCA), will ensure Unite’s members at risk of redundancy or lay…
South-east Asia’s rig market looks set to decline this year, with various oil companies in the region already making significant cuts to their 2020 capex budgets due to the current global conditions, according to Rystad Energy. The analyst pointed out that E&P companies in…
Following up on the release dated the 27th February, Petrobras has announced the beginning of the binding phase referring to the sale of all its equity interest in the Merluza and Lagosta fields, located in the shallow waters of the Santos Basin. Qualified parties…
On the 31st March, TC Energy announced that it would go ahead with the construction of its Keystone XL pipeline after the Alberta government committed to investing US$1.1 billion into the US$8 billion project. The pipeline, which will be 1,210 miles (1,947 kilometres) in…
Pan American Energy has advanced a five-well Vaca Muerta drilling programme in the Coiron Amargo Sur Este (CASE) block in Argentina, partner Centaurus Energy Inc. said on the 30th March. CASE-301h horizontal multi-frac, the fourth well of the programme, was completed and connected to…
Zion Oil & Gas, Inc has announced they (i) entered into a Purchase and Sale Agreement on the 12th March 2020, for a drilling rig, drill pipe, and related equipment for US$5.6 million in cash, and (ii) closed that purchase on the 12th March 2020, the same day, by Bill…
Russian President Vladimir Putin and his US counterpart Donald Trump agreed in a phone call on the 30th March that “current oil prices aren’t in the interests of our countries,” Kremlin spokesman Dmitry Peskov said, declining to give any details on what the two might…
Australia’s Cooper Energy has informed that its operated Sole gas field, located offshore Australia, is now producing gas to the Eastern Gas Pipeline. The Cooper-operated Sole gas field is located in the eastern part of the Gippsland Basin, approximately 40km offshore Victoria, Australia. The…
A leading provider of integrated logistics solutions has invested almost £400,000 in its UK headquarters in response to an upturn in demand from the market. NorSea United Kingdom operates from its headquarters in Aberdeen’s Altens Industrial Estate from where the privately-owned company provides supply…
Heerema’s semi-submersible crane vessel Sleipnir has received the largest LNG bunkering ever completed, the company claims. Titan LNG performed the delivery of almost 3,300 metric tons (3,637 tons) within a 24-hour period, using the LNG carrier Coral Fraseri in the Port of Rotterdam. …
