The global oil industry’s backlog of big drilling projects is starting to shrink as prices improve. From production vessels tapping Brazil’s deep-water reserves to pipes connecting rigs to underwater wells in China, the number of ventures delayed since the oil crash that finally got…
Iraq has signed a deal with a US company to tap natural gas in one of its southern oil fields, a step toward exploiting a natural resource which has been neglected for decades. Iraq has long flared much of its natural gas, a by-product…
Gazprom has received a construction permit to lay the second string of the TurkStream offshore gas pipeline to be set in Turkish waters. Operated by South Stream Transport, a subsidiary of Gazprom, the TurkStream offshore gas pipeline will consist of two parallel gas pipelines stretching for…
US-based oil company LLOG Exploration has started development drilling operations at the Buckskin project in the deepwater Gulf of Mexico. LLOG took over operatorship of the Buckskin project from Repsol in January 2017. Buckskin is located on Keathley Canyon blocks 785, 828, 829, 830,…
Three oil rigs have been barred from leaving a Scottish port by the Scottish Environmental Protection Agency (SEPA) which wishes first to ensure that plans for their disposal comply with EU and UN waste regulations. The rigs – Ocean Princess, Ocean Nomad and Ocean…
Iraq and BP have signed a Memorandum of Understanding to develop lucrative oil fields in the country’s north. The Oil Ministry’s statement quotes BP’s president for the Middle East region, Michael Townshend, as saying that his company will conduct surveys and studies to increase…
Noble Corporation has issued an update on its offshore drilling rig fleet. Spirit Energy has contracted the jack-up Noble Hans Deul to drill in the UK North Sea. Drilling is expected to start in early April and end in late October. Offshore…
Po Valley Energy Ltd, Perth, has made what it is calling a “significant” natural gas discovery in its 63%-owned Selva field in the Podere Gallina permit area of northern Italy. It is the company’s sixth success in identifying new gas in Italy’s existing gas…
India’s government will accept bids through the 3rd April on 55 blocks covering 59,282 square kilometres nominated by oil and gas operators. The bid round, which opened the 18th January, is India’s first under open-acreage licensing. The Directorate General of Hydrocarbons will base…
Shell has contracted Fluor to perform engineering, procurement, and fabrication of the Sevan-designed FPSO for the Penguins field redevelopment in the UK northern North Sea. Jim Brittain, president of Fluor’s Energy & Chemicals business, said: “We leveraged Fluor’s full range of integrated solutions to…
