Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering just US$1.75 a barrel for Wyoming sweet crude. With more than two billion people…
Teekay, which has recently decided to change its name to Altera Infrastructure, has entered into a new bareboat charter contract with the Foinaven operator, a subsidiary of BP, for the Petrojarl Foinaven FPSO unit for up to approximately ten years. Under the terms of…
PJSC Gazprom Neft subsidiary JSC Gazpromneft-ONPZ has started installation of equipment for its previously announced biosphere closed-loop wastewater treatment plant as part of the second phase of the operator’s ongoing modernisation programme to reduce environmental impacts and improve processing capacities, conversion rates, energy efficiency, and…
International Maritime Industries (IMI) has announced the completion of the ARO-2003 (SAR201) MRO project with ARO Drilling (ARO); a world-class offshore drilling contractor who owns, operates and manages a fleet of high-specification and premium jack-up rigs in Saudi Arabia. The ARO-2003 (SAR201) is a “Baker Marine” designed jack-up rig which is…
Parkmead, the UK and Netherlands focused energy group, with four business areas, has reported its interim results for the six-month period ended 31 December 2019. Highlights: Strong financial position and robust producing assets, despite current low gas price environment Well capitalised, with cash…
Searcher Seismic has struck a marketing and sales agreement with Timor-Leste’s Petroleum Authority, Autoridade Nacional Do Petroleo E Minerals (ANPM), for its Offshore Timor-Leste Data and Study Package. The company, in collaboration with Discover Geoscience has prepared the package of seismic and well data…
Chevron Lummus Global (CLG) – a joint venture between McDermott International, Inc and Chevron – has won a contract for a South-east Asian refiner’s “Lubricant Base Oil Group II Project” to be built in the region, McDermott reported on the 25th March. McDermott stated…
Houston-based oil and gas company Vaalco has completed its 2019/2020 drilling campaign in the Etame Marin permit offshore Gabon, which included three development wells and two appraisal wells that confirmed additional resources. Vaalco Energy said on the 25th March that, with the drilling of…
Announcing its financial and operating results for the year ended the 31st December 2019, Africa Energy announced details of its multi-well 2020 exploration campaign offshore South Africa. Garrett Soden, the Company’s President and CEO, commented: ‘Despite the current market volatility triggered by the coronavirus…
Indonesia Energy Corporation Ltd (IEC) has obtained a key permit to initiate its 2020 drilling campaign at in the 63,000-acre Kruh Block onshore Sumatra. The company’s Technical Programme and Drilling Budget was approved by Pertamina, Indonesia’s state-owned oil and natural gas company, which also…
