News

  • Inpex starts gas production from Ichthys field

    The Inpex Corporation-led consortium at Ichthys gas-condensate field in the Browse basin 220 kilometres offshore Western Australia has started natural gas production from its subsea wells to the massive 120,000-tonne Ichthys Explorer production platform.   LNG from the project’s onshore Darwin plant in the Northern…

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  • Total: Biggest Deep Offshore Development in Angola Starts Production

    Total has revealed that it has started production at Kaombo, which it describes as “currently the biggest deep offshore development in Angola”.   The company announced that Kaombo Norte, the first Floating Production Storage and Offloading (FPSO) unit, has been brought on stream and will…

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  • Bureau Veritas offers guidance for FSRU, FSU construction

    Bureau Veritas (BV) has issued new/updated notations and guidance for construction and operation of floating storage and regasification units (FSRUs) and floating storage units (FSUs). According to BV, floating gas terminals are attracting growing interest due to the operational flexibility they provide and the reduced…

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  • Third Sverdrup jacket departs Verdal

    Kvaerner has shipped out the third of three jackets ordered by Equinor for the Johan Sverdrup field development in the Norwegian North Sea.   Through a frame agreement in 2014, Kvaerner won the contract for the jackets for the riser platform (delivered in summer 2017);…

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  • Aker BP to buy 11 licences from Total for US$205 million Norwegian oil company Aker BP has entered into an agreement with Total E&P Norge to acquire its interests in a portfolio of 11 licences on the Norwegian Continental Shelf for a cash consideration of…

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  • Insurance Jottings

    UK Faces ‘Abject Future’ After Brexit, Warns Former Lloyd’s Chairman The UK is facing a grim future after Brexit because of the failure of the its politicians to govern responsibly, the former chairman of insurance market Lloyd’s of London has written in a letter to…

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  • People in the News

    JLT taps Beazley, Marsh, Aon for European cyber expansion JLT Specialty has expanded its European cyber practice based in London and Stockholm with the appointment of four new members.   Monica Tigleanu joins JLT as a partner from Beazley. Prior to this she was a…

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  • Storm damage leads to fluid release from Cliff Head Alpha platform

    On the 27th July it was reported that NOPSEMA (Australia’s National Offshore Petroleum Safety and Environmental Management Authority) has sent a team of inspectors to investigate an incident which occurred at the Triangle Energy-operated Cliff Head Alpha platform, 25 kilometres (15.5 miles) offshore Dongara, Western…

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  • Exploration this year brings steep rise in discovered resources

    Global discoveries of conventional oil and gas totalled more than 4.5 Bboe during the first half of 2018, according to analyst Rystad Energy.   Average monthly discovered volumes were 826 MMboe, roughly 30% higher than the comparable figure of 625 MMboe in 2017.   Guyana…

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  • KRG Acts against Illegal Refineries

    KRG Prime Minister Nechirvan Barzani chaired a meeting of the KRG Oil and Gas Council on the 25th July.   It was also attended by Deputy Prime Minister Qubad Talabani, relevant ministers, governors, supervisors of local administrations, and representatives of the Integrity Commission, Board of…

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