Lundin Petroleum AB has proposed to change its name to Lundin Energy AB following the launch of a decarbonisation strategy. The company’s board is proposing the name change in order to “better reflect the business today and the clear actions and targets towards a…
Dutch shipbuilding company Damen has developed a new concept vessel – the Offshore Support Vessel (OSV) 9020. The vessel has been designed to perform a variety of offshore tasks both at surface level and subsea, Damen said in a statement on the 27th January….
Iranian Offshore Oil Company (IOOC) has developed Iran’s first offshore pipeline integrity management system (PMS), according to news service Shana. This was to comply with international and national requirements for standard, safe and continuous operation of the gas pipelines of the Salman oil field…
Wärtsilä has announced that it has been selected to supply all of the main equipment for the first LNG-fuelled short-sea Ro-Lo (roll-on, lift-off) vessels to be operated by Finland-based Bore Ltd. According to the statement, three ships have been ordered, and are under construction…
Iran’s Petropars will develop phase 11 of South Pars, the world’s largest gas field, after the withdrawal of French oil major Total and the China National Petroleum Corporation (CNPC), Iran’s oil minister was quoted as saying. Click here for full Reuters article Source:…
Equinor announced on the 23rd January that the world’s first carbon-free ammonia-fuelled supply vessel is on the drawing board. In a statement posted on its website, the company revealed that it has signed a five-year agreement with Eidesvik Offshore for the modification of the…
Seismic services provider PGS has completed a 3D seismic programme on the northern section of the CGX Energy-operated Corentyne block offshore Guyana. CGX is the operator of the Corentyne Block under a joint operating agreement with Frontera Energy. CGX has a 66.667% participating interest…
Tulip Oil has issued an update on its Q10-A gas field development in the Dutch North Sea, which came onstream last year via a newly built platform. During the fourth quarter of 2019 production totalled 258 MMcm. Tulip is using data from all four…
Microgrids are becoming essential for millions of people around the world. After earthquakes and aftershocks left Puerto Rico without power, microgrids installed at ten schools continue to run, providing power to residents. When PG&E shut off power in California to battle high winds…
Condor Petroleum has announced the receipt of a further US$18.7 million of the sale proceeds for the Company’s previously announced sale of its Shoba and Taskuduk oilfields in Kazakhstan. In October 2019 the Company received an initial deposit of US$3.8 million of the total…
