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Roxtec Launches Roxtec Services AB
North West safety seal manufacturer Roxtec has launched a new company called Roxtec Services AB targeting North Sea marine and offshore markets. Roxtec Services AB was developed following sustained demand for equipment inspection on naval ships…
Ghana cuts GDP Forecast
Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Oil output was halted between March and May…
Earthquake Measuring 5.0 Rattles Tokyo, Eastern Japan
An earthquake with a magnitude of 5.0 struck eastern Japan on Sunday and shook buildings in Tokyo, officials and witnesses said, but there was no danger of a tsunami and no immediate report of injuries or major damage. The US Geological Survey…
Exxon Declares Force Majeure on Qua Iboe
ExxonMobil subsidiary Mobil Producing Nigeria has declared force majeure on exports of Nigeria's Qua Iboe crude oil, the country's largest export stream, a spokesman said on Friday. The declaration came after the company observed a "system anomaly"…
Petrobras, SBM Offshore, Brazilian Authorities Reach Settlement
The Ministry of Transparency, Oversight and Control (Ministério da Transparência, Fiscalização e Controle - "MTFC"), the Public Prosecutor's Office (Ministério Público Federal - "MPF"), the General Counsel for the Republic (Advocacia Geral da União - "AGU"), Petróleo Brasileiro S.A.
Fugro to Perform Offshore Geotechnical Work for ONGC
Fugro is to commence an offshore geotechnical investigations program under a $26 million contract awarded by Indian oil and gas company ONGC. The contract involves site investigation work to gather geotechnical and geohazard data at the field…
China Loses on South China Sea Ruling
The United States urged all parties to avoid provocative statements or actions after an arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea. "The decision today by the Tribunal in the Philippines…
Petrobras Bringing Two FPSO Platforms Online
Brazil's state-led oil company Petroleo Brasileiro SA is working hard to meet its production targets, the company's head of exploration and production, Solange Guedes, said on Monday in a telephone interview. Guedes said the company's floating…
Petrobras' O&G Production up 2% in June
Brazilian state-run oil company Petrobras said on Monday it produced 2.9 million barrels equivalent of oil and natural gas per day in June, an increase of 2 percent compared with May. Petroleo Brasileiro SA, as the company is formally known…
Petronas Selects Intellian for FLNG
A triple installation for the next generation Petronas Floating Liquid Natural Gas (PFLNG) vessel emphasizes increased demand for Intellian’s 2.4m product line in the Offshore Energy and Enterprise market segments. Built at Daewoo Shipbuilding & Marine Engineering in South Korea…
Petronet Plans LNG Terminals in Sri Lanka and Bangladesh
India’s biggest player in liquefied natural gas (LNG) Petronet LNG Ltd has plans to establish a 5 million tonne LNG terminal in Bangladesh and 1million-tonne terminal in Sri Lanka. The Bangladesh terminal is in addition to 3.5 mt terminal that…
Fire at Prelude LNG Construction Site in South Korea
Shell said a small fire occurred at the construction site in South Korea for its huge floating Prelude liquefied natural gas (LNG) project, with work resuming immediately and an investigation underway. The incident would not have an impact on the delivery schedule…
NOV, GE to Provide Integrated Solutions for FPSOs
NOV and GE Oil & Gas bring together complementary products and capabilities to deliver fully integrated solutions to the offshore production market; new FPSO industrial platform enables repeatability and provides greater value to customers through economies of scale…
Brazil Committee Votes to End Exclusive Petrobras Subsalt Rights
A bill that would allow companies other than state-led Petrobras to run new oil and gas projects in Brazil's prolific subsalt region advanced on Thursday when a committee of the lower house of Congress voted to recommend it in hopes of reviving stalled petroleum investment.
Pemex Sees Oil Output Boost from Looming Joint Ventures
Mexican state oil company Pemex expects to boost crude output over the next few years with a handful of joint ventures that will focus on onshore and offshore fields, a company official said, outlining areas it will seek to develop with outside producers.
Brazil Plans Sub-salt Energy Auction in 2017
The government plans to hold its second auction of sub-salt exploration and production areas by the end of June of next year, incoming secretary of oil and gas at the energy ministry, Marcio Felix, said on Tuesday The areas on sale will include…
TWMA Bags £1.5 mln North Sea Contract with Apache
Global integrated drilling waste management and environmental services firm, TWMA, has recently secured a £1.5 million contract with Apache on the WilPhoenix platform in the North Sea Beryl field. As part of TWMA’s fully integrated waste management solution…
Aibel Bags Greater Enfield Project Contract
Aibel Pte Ltd in Singapore has been awarded the E&P contract for modifications on Woodside Energy Ltd’s Nguijma-Yin floating production storage and offloading (FPSO) off Western Australia. The FPSO will undergo modifications to the topsides…
Maritime Piracy: More "sophisticated and prevalent” around Gulf of Guinea
While the matter of maritime piracy has seemingly subdued from its high profile peaks of a few years ago, Stuart Edmonston, Head of Loss Prevention at UK P&I Club, together with Hellenic War Risks and Terra Firma Risk Management, highlight the…
Petrobras to Name Silva to New Top Strategy Post
Brazil's state-led oil company Petroleo Brasileiro SA plans to appoint Nelson Silva, the former head of BG Plc in Brazil, as chief of strategy and management, a newly created position on its senior management committee, company sources told Reuters.
Egypt's Launches Tender for Another FSRU
Egypt has launched a tender to hire a third floating and storage regasification unit (FSRU) to import liquefied natural gas (LNG), an official from state-run energy firm EGAS told Reuters. Egypt, a former energy exporter but now net importer due to falling production and rising consumption…