News

  • Press Release from BDO and Longdown|EIC

    “Our thoughts are with all those affected by Hurricanes Irma and Maria.  The past weeks were very traumatic but together we will all stand and rise up again; stronger and better Caribbean nations.   The devastating damage caused by the recent hurricanes will lead to…

    Read more
  • Libya Oil Output Gains as Country Faces Calls to Join OPEC Cuts

    Libya’s oil output is rising again after disruptions ended at its biggest field, with production reaching about 950,000 barrels a day even as OPEC and its allied suppliers step up efforts to contain a global glut.   Output at the North African nation’s Sharara field…

    Read more
  • BP: Arundel field begins production

    BP has started oil production from the Arundel field, one of two North Sea fields sanctioned in 2016.   Located 15 kilometres north of the Andrew platform in the central North Sea, the Arundel field was discovered in 2000, with further appraisal wells drilled in…

    Read more
  • First construction contracts awarded for Saudi maritime yard

    Lamprell expects all conditions to be completed by year-end for the proposed new maritime yard in Saudi Arabia.   In May, the fabricator signed a joint venture agreement with Saudi Aramco, Bahri, and Hyundai Heavy Industries (HHI) to establish and operate the facility through a…

    Read more
  • ABB And Northvolt Partner for Europe’s Largest Battery Factory

    ABB and Northvolt have signed a Memorandum of Understanding (MoU) for a wide-ranging supply and technology partnership, including products and services for Northvolt’s state-of-the-art lithium-ion battery factory and close collaboration on development of battery solutions and R&D activities. ABB Technology Ventures (ATV) will support the…

    Read more
  • Turkey Threatens to Invade Iraq, Cut Off Oil Pipeline

    Initial results for the Kurdish independence referendum show that around 95 percent of people voted in favour of separation from Iraq and the formation of an independent Kurdistan state.   Turkish President Recep Tayyip Erdoğan has threatened to invade Iraq, and said he could cut…

    Read more
  • Hansa, ONE open Rotliegend gas play in the Dutch North Sea

    Hansa Hydrocarbons has discovered gas in the Ruby structure in the Dutch North Sea, on the median line with the German sector.   The N05-1 exploration well, drilled by the Paragon jack-up Prospector-1, on the GEms licenses, encountering significant volumes of gas, the company said,…

    Read more
  • ABB Wins Contract from CSTS Joint Operation in Indonesia

    ABB has been selected by the CSTS Joint Operation to supply prefabricated electric substations for the Tangguh liquefied natural gas expansion project.   The CSTS Joint Operation is led by Indonesian EPC contractor, Tripatra, along with Chiyoda, Saipem and Suluh Ardhi Engineering.   CSTS is…

    Read more