Apache Corp. and Total will test additional prospects on Block 58 offshore Suriname following a light oil and gas rich condensate discovery at Maka Central-1 well which proves the extension of the Guyana Cretaceous oil play into Surinam waters, Total reported on the 7th January….
Nigeria has long been known for its oil riches. Angola has too, but decades of entrenched corruption have chased foreign investors away. Mentioned in this commentary includes: Chevron Corporation, Royal Dutch Shell Plc, Exxon Mobil Corporation, Halliburton Company, Schlumberger Limited. Now Namibia is joining…
DEME has installed 58 monopile foundations and two offshore substation foundations at the SeaMade offshore wind farm in the Belgian North Sea. DEME’s Innovation began installation works in September 2019. The last monopile foundation landed on the seabed on the 2nd January. A…
Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, has announced that Rockhopper and Premier Oil have signed a detailed Heads of Terms with Navitas Petroleum to farm in for a 30 per cent interest in…
The upper house of Somalia’s parliament has approved a new petroleum law, which aims to provide a regulatory framework which will help to attract investment in exploration by major oil companies. The country currently does not produce any oil but production could transform the…
Oil extended its dramatic surge above US$70 a barrel as the fallout between the US and Iran escalated after the assassination of one of the Islamic Republic’s most powerful generals. Futures jumped by another 3% on the 6th January as the US State Department…
Qatar Petroleum (QP) will supply Kuwait with up to three million tons per annum (mtpa) of liquefied natural gas (LNG) under a long-term sales and purchase agreement (SPA) which it signed with Kuwait Petroleum Corp. (KPC), QP reported the 5th January. Under the 15-year…
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…
