News

  • Tullow, Eco complete 3D seismic survey offshore Guyana

    Schlumberger Guyana Inc (Western Geco) has completed a 2,550-square kilometre (984-square mile) 3D seismic survey over the Orinduik block offshore Guyana for Tullow Oil and Eco (Atlantic) Oil & Gas Ltd.   The Orinduik block is updip and a few kilometres from ExxonMobil’s recent deepwater…

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  • Oil Up After Harvey Fallout; Irma Heads towards Florida

    Oil prices rose more than one percent on the 6th September as strong global refining margins and the reopening of US Gulf Coast refineries provided a more bullish outlook after sharp drops due to Hurricane Harvey.   But traders remained wary of Hurricane Irma, ranked…

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  • Premier Oil takes Vroon’s ERRV for Catcher FPSO job

    Dutch provider of offshore support vessels, Vroon, has entered into a five-year charter plus options with Premier Oil for one of its emergency response and rescue vessels (ERRV).   Vroon said on the 6th September that the vessel in question was the VOS Famous.  …

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  • Petrofac to construct gas receiving terminal in Turkey

    Gazprom subsidiary South Stream Transport BV has awarded Petrofac an engineering, procurement, and construction (EPC) contract for the development of onshore pipelines and a gas receiving terminal near Kıyıköy in Turkey.   Through its EPCm business, Petrofac has been undertaking early works since April, which…

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  • UGI Corporation Acquires Dutch Energy Marketing and Services Company

    UGI Corporation announced today that it has acquired Dutch energy marketer DVEP Investeringen BV (“DVEP”).   DVEP markets natural gas and electricity, produced mainly from renewable sources, primarily to small and medium enterprises in the Netherlands. One of DVEP’s core businesses is the provision of…

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  • Western Australia places moratorium on fracking

    The Western Australian government has joined the growing number of Australian states and territories to place a moratorium on hydraulic fracturing.   Premier Mark McGowan announced this week that his government was banning existing and future fracking petroleum titles in the Perth and south-west regions…

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  • Aramco restores mothballed offshore separation plant to service

    A team from Saudi Aramco working offshore Saudi Arabia day and night has de-mothballed the Zuluf Gas-Oil Separation Plant 3 (GOSP-3).   This followed several months’ intensive work on the plant’s platforms. A 48-strong team from the Safaniyah Offshore Producing Department (SOfPD) led the campaign,…

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