News

  • ONGC Videsh announces Indico-1X oil discovery onshore Colombia

    ONGC Videsh (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation (ONGC), the National Oil Company of India, has registered a significant discovery of oil in its onshore block CPO-5, Colombia, in the Llanos Basin. OVL, which is operator, holds…

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  • US$92 million Corpus Christi Dredging Contract Awarded

    A project to make the Corpus Christi Ship Channel (CCSC) – on the western Gulf of Mexico – more accessible to larger oil tankers and other vessels has taken a major step forward.   The US Army Corps of Engineers (USACE) has awarded a US$92…

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  • Aibel receives Sverdrup Phase 2 bridge option

    Equinor has awarded Aibel the engineering, procurement, and construction contract for the final bridge on the Johan Sverdrup field in the Norwegian North Sea.   The contract was included as an option in Aibel’s initial contract for the Johan Sverdrup Phase 2 (P2) topsides awarded…

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  • Ophir loses Fortuna discovery licence offshore Equatorial Guinea

    UK-based Ophir Energy has received notification from the Equatorial Guinea Ministry of Mines and Hydrocarbons that the Block R Licence, which contains the Fortuna gas discovery, will not be extended following expiry of the licence on the 31st December 2018.   Fortuna sits within the…

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  • Aramco, Petronas near start-up of Malaysia’s RAPID refinery

    Malaysia, is preparing for official start-up of Pemgerang Refining & Petrochemical (PRefChem) subsidiary Pengerang Refining Company Sdn Bhd’s 300,000-b/d refinery and petrochemical integrated development (RAPID) project.   Mechanical completion at PIC’s RAPID project was achieved on the 29th November 2018, and all critical units under…

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  • Iran Still Likely To Invest In Refinery Expansion

    India’s largest oil and gas company Indian Oil Corporation Limited has said that Iran could still invest in one of its subsidiaries for a refinery expansion project.   Sanjiv Singh, chairman of Indian Oil stated that Iran has not ruled out its participation in the…

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  • US$123 billion of Offshore Projects May be Sanctioned in 2019

    US$123 billion of offshore projects could be sanctioned in 2019 if Brent rebounds to US$60 per barrel and further cost reduction efforts are successful on current non-economic projects up for sanctioning.   That is according to Rystad Energy, an independent energy research and business intelligence…

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  • Musandam taking charge of offshore Oman block

    DNO has relinquished operatorship and participation in Oman’s offshore block 8 to the country’s Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production (OOCEP).   The concession, containing the Bukha and West Bukha fields, has produced 35 MMbbl of oil…

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