The Canadian Association of Petroleum Producers (CAPP) said upstream oil and natural gas industry spending this year in Canada is forecast to increase US$2 billion to US$37 billion compared with the estimated US$35.1 billion reached in 2019. The 6% overall expected increase – credited…
UK Financial Services Firms Prepare for Worst in Brexit Trade Talks Britain’s finance sector is losing hope of securing even basic access to European Union markets from the 31st December, as talk that the EU wants UK fishing rights in exchange draws the industry into…
Gard names Kelly head of London defence P&I club Gard has named Marie Kelly vice president and head of the defence team in London. Lloyd’s appoints Angela Crawford-Ingle to the board Lloyd’s has appointed Angela Crawford-Ingle as a new board member who succeeds Richard…
Offshore engineering specialist Aquaterra Energy reported on the 29th January that it has signed a memorandum of understanding (MoU) with Oceaneering International Services Ltd to offer decommissioning and late-life solution packages to the North Sea oil and gas industry. Aquaterra noted the MoU will…
London-listed oil company Bahamas Petroleum Company (BPC) expects to drill its initial exploration well in The Bahamas in April 2020. BPC said in its said in an update on the 30th January that the well, named Perseverance #1, would be drilled in April and…
Completions are currently being run on the three recently drilled Karish Main gas field development wells offshore Israel. According to operator Energean, the christmas trees should be installed before the end of March, allowing the wells to be integrated with the subsea infrastructure and connected…
Work begins this week to develop a 7.5 MW solar field in Burundi by frontier renewable energy developer Gigawatt Global, a Dutch company with American investors and a founding partner of the US Power Africa initiative. “It takes a global village to bring utility-scale…
Oil and gas operators globally will continue to push for faster returns with shorter cycle investments as the industry moves away from giant developments, according to GlobalData. “Projects now go from final investment decision (FID) to first oil/gas in under three to four years,…
Japan’s MODEC has signed a sales and purchase agreement (SPA) with Equinor to supply a floating production storage and offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil. MODEC was awarded a Pre-Front End Engineering Design (Pre-FEED) contract for the FPSO in…
Serica Energy has provided an update on Bruce platform operations. During a Bruce platform inspection, the condition of an unused seawater return caisson on the platform was observed to have deteriorated. This caisson had been taken out of service in 2009. Production through the…
