Total has secured an option agreement to acquire a 25% interest from Eco (Atlantic) Oil & Gas in the Orinduik block offshore Guyana. Currently Eco Guyana has a 40% share of the block, with operator Tullow holding the remaining 60%. The concession offsets…
Albwardy Damen is set to deliver the new fast crew supplier Damen FCS 4008, named AMPI, to Dubai-based Marine Core & Charter LLC. The AMPI is the first of two identical vessels for the same client, who is an integrated offshore support and marine…
ExxonMobil has announced an enhanced programme to reduce methane emissions from its production and midstream facilities across the United States. The programme, which builds on the company’s longstanding commitment to emissions reduction, prioritises actions at sites operated by subsidiary XTO Energy and includes efforts…
Oil prices soared more than three percent on the 25th September, with Brent hitting its highest in more than two years, after major producers said the global market was on its way to rebalancing, while Turkey threatened to cut oil flows from Iraq’s Kurdistan region…
Many observers have seen more than their share of booms in three decades in the oil business. None, though, as strange as the one gripping the Permian Basin right now. The telltale signs are the same as always, with companies like his desperate for skilled…
Ecosse Subsea Systems (ESS) has been awarded a major seabed clearance project on the world’s biggest offshore wind farm. The project scope for Hornsea Project One export cables, located 120 kilometres off the Yorkshire coast, is the latest in a number of renewable energy…
On the 25th September BP and the Ministry of Oil & Gas of the Sultanate of Oman, announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Company Exploration and Production. His Excellency…
Hurricane Energy’s development plan for the Lancaster offshore field in the UK has been granted consent by the UK authorities. The company on the 25th September said it had received development and production consent for its Lancaster field development plan, the Early Production System…
The Oil and Gas Authority (OGA) has been awarded a £5 million (US$6.75 million) UK government fund for 2018/19 to survey under-explored areas of the UK Continental Shelf to find potential new deposits. The Chancellor of the Exchequer and head of Her Majesty’s Treasury,…
Output cuts by OPEC and other oil producers are clearing a supply glut which has weighed on crude prices for three years, ministers said at a meeting on the 22nd September to review the pact which expires in March 2018. The Organisation of the…
