Bahamas Petroleum Company (BPC) has incorporated a Bahamas-based mutual investment fund with the aim of owning BPC shares as the company continues its work effort toward drilling of an exploration well in The Bahamas in 2020. BPC stated in late November that it appointed…
Kuwait National Petroleum Corporation (KNPC) has started production of ultra-low-sulphur diesel (ULSD) at its 466,000-b/d Mina Al-Ahmadi refinery, about 28 miles south of Kuwait City on the Persian Gulf, as part of Kuwait’s ongoing Clean Fuels Project (CFP) at KNPC refineries. Commissioned in December…
Solstad Offshore ASA has entered into a bareboat contract with Saipem Portugal Commercio Maritimo Limitada, a subsidiary of Saipem SpA, for the DLB Norce Endeavour. The contract began on the 2nd January 2020 and has a firm duration until the 31st May 2021, with…
Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway with 40% by 2030, 70% by 2040 and to near zero by 2050. By 2030 this implies annual cuts of more…
Oil and gas company Energean and the Public Gas Corporation of Greece (DEPA) have agreed on the potential sale and purchase of natural gas from Energean’s fields offshore Israel thus paving the way for commercial operation of the EastMed pipeline. Ahead of the Intergovernmental…
Eni has re-entered Albania with a production sharing contract to explore, with a 100% equity interest, the Dumre Block onshore Albania, following a competitive bid launched in September 2019 by the Albanian National Agency for Natural Resources (AKBN). As operator through a new subsidiary,…
Mitsubishi Shipbuilding Company Ltd has announced that it has concluded a contract with Mitsui O S K Lines (MOL) to build two new LNG-fuelled ferries, the first such project in Japan. According to the statement, these vessels will be built at the Shimonoseki Shipyard…
Pars Oil and Gas Co. (POGC) has started gas production from Platform 14B of the South Pars field in the Persian Gulf. The gas is piped to onshore refining facilities for processing. According to Mohammad Mehdi Tavasolipour of POGC, speaking to news service…
For several years now, Rigzone has prepared a year-end review of dominant themes in the downstream oil and gas industry during the preceding 12 months. This tradition continues for 2019, but with a twist. As always, the downstream recap will rely on insights Rigzone…
