Stories
Refine Search
-
Company
Eni Starts Production of Goliat
Goliat is the first oil field to start production in the Barents Sea Eni has started production of the Goliat field, located 85 kilometers northwest of Hammerfest, within Production License 229, in a ice-free area in the Barents Sea off Norway.
Eni Starts Production of Goliat Field
Eni has started production of the Goliat field, located 85 kilometers northwest of Hammerfest, within Production License 229, in a ice-free area in the Barents Sea off Norway. Goliat, the first oil field to start production in the Barents Sea…
Tullow Declares Force Majeure on Jubilee Crude
Tullow declared force majeure on two cargoes of Ghana's Jubilee crude oil after an issue on the Floating Production Storage and Offloading (FPSO) facility that exports the oil. The company said it declared force majeure late last week after a problem with a turret bearing.
Shell Delivers more Brazil Deep-water Production
Shell and its joint venture announce the start of oil production from the third phase of the deep-water Parque das Conchas (BC-10) development in Brazil's Campos Basin. Production for this final phase of the project is expected to add up to 20…
Eni Starts Production of Goliat
Goliat is the first oil field to start production in the Barents Sea Eni has started production of the Goliat field, located 85 kilometers northwest of Hammerfest, within Production License 229, in a ice-free area in the Barents Sea off Norway.
Offshore Floaters: RBI Service Launched by LR
New Risk-based Inspection (RBI) service launched by Lloyd’s Register combines hull integrity management with Class to help minimize costs for operators of floating offshore installations (FOIs). Initiative will help optimize inspection regimes…
Technip Secures Total E&P Angola Contract
Technip Angola Engenharia Limitada, a joint venture between Technip and Sonangol, was awarded by Total E&P Angola a three-year engineering services contract. This contract covers services for the existing Girassol, Pazflor, Dalia and CLOV floating…
Pemex Sets up Credit Lines to Pay Suppliers
State-run oil company Pemex said on Tuesday it had set up lines of credit with Mexico's development banks to improve liquidity and start paying back billions of dollars in debt to suppliers, as the firm seeks to repair finances hit by a rout in crude prices.
Kuwaiti Oil Minister Sees Crude at $40-$60 over next 3 Years
Kuwait's acting oil minister said on Wednesday he expected oil prices of $40 to $60 a barrel over the next three years. "I think we will see an indication of an increase in demand by end of this year and probably a little bit higher prices by 2017 and 2018," Anas al-Saleh told reporters in Kuwait.
Brazil Oil Measures Could Unlock $120 Bln in Investments
Measures to encourage oil and gas exploration in Brazil published in the official gazette on Wednesday could unlock $120 billion in investments, Energy Minister Eduardo Braga said in a statement. The National Council of Energy Policy (CNPE)…
Pemex Sets up Credit Lines to Pay Suppliers
State-run oil company Pemex said on Tuesday it had set up lines of credit with Mexico's development banks to improve liquidity and start paying back billions of dollars in debt to suppliers, as the firm seeks to repair finances hit by a rout in crude prices.
Kuwaiti Oil Minister Sees Crude at $40-$60 over next 3 Years
Kuwait's acting oil minister said on Wednesday he expected oil prices of $40 to $60 a barrel over the next three years. "I think we will see an indication of an increase in demand by end of this year and probably a little bit higher prices by 2017 and 2018," Anas al-Saleh told reporters in Kuwait.
Brazil Oil Measures Could Unlock $120 Bln in Investments
Measures to encourage oil and gas exploration in Brazil published in the official gazette on Wednesday could unlock $120 billion in investments, Energy Minister Eduardo Braga said in a statement. The National Council of Energy Policy (CNPE)…
India’s NUSI Warns of Oil Exploration Training Shortage
Indian shipping trade union the National Union of Seafarers of India (NUSI) has asked the Indian Ministry of Shipping for financial help toward the training of maritime workforce in oil exploration activities. The union’s General Secretary, Abdulgani Serang…
Keppel, Transocean Agree Rig Deliveries Delay
Transocean Ltd announced on Tuesday an agreement with Keppel Offshore & Marine Ltd's shipyard, Keppel FELS, to defer the delivery and related payments of five high-specification jackups until 2020. "The Super B 400 Bigfoot Class jackup drilling…
Brent at Three-Month High on Producer Price Support Hopes
North Sea output to rise to highest in four years in April. Oil prices rose one percent on Tuesday, with benchmark Brent prices hitting a three-month high on hopes for a coordinated approach by major producers to support prices. Brent crude futures were trading at $41.43 a barrel at 1257 GMT…
Shell to Start Exploration in BC-10 Brazil Field
Royal Dutch Shell will start in coming days a new exploration phase in the BC-10 project off the coast of Brazil, where it has already invested more than $1 billion, the company's chief executive in the country said in a presentation. Shell…
China Crude Imports at Record High
Feb daily crude imports jump 20 percent from year ago. China's February crude oil imports jumped 20 percent on year to their highest ever on a daily basis, as prices at their lowest in more than a decade drove buying from a group of new importers and state and commercial stockpiling.
World’s First Floating LNG Plant for Petronas
Daewoo Shipbuilding & Marine Engineering completed a floating liquefied natural gas (FLNG) project called “floating LNG plant” for the first time in the world. The PFLNG SATU was named at a ceremony held by Petronas, together with its strategic partners Daewoo Shipbuilding & Marine Engineering Co.
India’s NUSI Warns of Oil Exploration Training Shortage
Indian shipping trade union the National Union of Seafarers of India (NUSI) has asked the Indian Ministry of Shipping for financial help toward the training of maritime workforce in oil exploration activities. The union’s General Secretary, Abdulgani Serang…
China Crude Imports at Record High
Feb daily crude imports jump 20 percent from year ago. China's February crude oil imports jumped 20 percent on year to their highest ever on a daily basis, as prices at their lowest in more than a decade drove buying from a group of new importers and state and commercial stockpiling.