Prime Power Middle East (PPME), a wholly owned subsidiary of Prime Metro Power Holdings Corporation, has commenced operation of its power plant in Umm Qasr, Basra. The power plant started its commercial operation on the 9th February 2020, and is designed to deliver base…
Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, has announced a strategic partnership agreement today with Global Oilfield Services Inc, for the supply of offshore containers and equipment to support the growing energy market in Guyana. Global Oilfield Services…
Bailey warns Brussels on City access ‘punch-up’ The European Union and the UK should not allow politics to overshadow work to maintain regulatory equivalence following the expiry of the post-Brexit transition period at year-end and must avoid a “metaphorical punch-up” at all costs, the incoming…
With almost 1.4 billion people, India remains the most energy-deprived nation on Earth. The upside for demand seems almost unlimited. India has 635 million people under the age of 24. This is a burgeoning young population the size of the total populations of the…
Well abandonment services provider Well-Safe Solutions has awarded a “significant work scope” to oilfield services provider Schlumberger for the provision of plug and abandonment well services in the North Sea. The scope includes the supply of cementing service, wireline services, wellbore fluid services and…
BP and its partners have signed a sale and purchase agreement (SPA) for the Greater Tortue Ahmeyim gas-condensate development offshore Mauritania and Senegal. According to one of the partners, Kosmos Energy, BP Gas Marketing will take 2.45 million metric tons/yr of LNG from Phase…
Iraqi officials have indicated that the United States is likely to renew a key Iran sanctions waiver which will allow Baghdad to continue importing Iranian natural gas to fuel its electricity needs, the AP reported. The three-month waiver was set to expire on the…
CNOOC Ltd has begun production from Bozhong 34-9 oil field in southern Bohai Bay. Average water depth at the site is 18.1 metres. The state-owned company said that in addition to fully utilising existing facilities of Kenli oil field, the major production facilities…
Deal value decreased 10.8% to US$387.5 billion in 2019, deal volume fell by 17.7% y-o-y Portfolio re-balances leaning towards gas-focused and downstream assets Substantial part of the decrease due to absence of big-ticket mid-stream deals Global oil and gas overall deal volume and deal…
UK oil and gas company Premier Oil has gained approval from the majority of its creditors for the schemes of arrangement required for the acquisition of North Sea assets from BP and Dana. The schemes still remain subject to a court approval. Premier Oil…
