Wednesday, September 26, 2018

Africa News

JIP on Single Phase Flow Meters Enters Phase II

Photo: DNV GL

DNV GL is now starting phase II of a Joint Industry Project (JIP) on single phase flow meters in phase-contaminated oil flow. Phase II of this JIP will focus on the influence of the oil fluid properties. This will involve testing different single…

Oil Falls on Weaker Economic Outlook, U.S. Stocks Rise

© Valeriy Lukyanov / Adobe Stock

A weaker global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on Wednesday, even as U.S. sanctions threatened to curb Iranian crude supplies.Benchmark Brent crude oil was down 60 cents a barrel at $71.86 by 1325 GMT. U.S.

Oil Gains From Dollar Weakness

©  / Adobe Stock

Oil rose on Thursday, encouraged by a weaker dollar and evidence of strong U.S. fuel demand, though demand prospects remain clouded by the turmoil engulfing emerging markets and an escalation in the U.S. trade dispute with China.Emerging market stocks…

Total E&P South Africa Contract for Solstad Farstad

Image: Solstad Farstad

Norwegian offshore vessel owner Solstad Farstad has been awarded contact  for two of its vessels by French oil major Total Total E&P South Africa."Total has awarded Solstad a contract for one Large Anchor Handling Vessel (AHTS) Normand Ranger (2010…

African Energy: Senegal Leads Local Content Drive

Photo: Centurion Law Group

Senegal is determined to become the new front runner of Africa’s local content development. This is the conclusion of a local content forum held in Dakar on Thursday, organized by Les Conférences du Quotidien and hosted by the African Energy…

DNV GL Pact with WeatherTech on Wind Turbines

Photo: DNV GL

DNV GL, the world’s largest resource of independent energy experts and certification body, today announced that it has joined forces with Swedish atmospheric science experts, WeatherTech.The combined expertise of both companies will enable the…

OPITO Appoints Cullens as Director of Strategic Development

Mark Cullens (Photo: OPITO)

OPITO, a global, not-for-profit skills body for the energy industry, has appointed Mark Cullens to the new role of director of strategic development.Cullens, who joins from Petrofac Training Services where he was director of business development Eastern Hemisphere…

Now you see it, now you don't: oil surplus vanishes ahead of Iran deadline

File Image: CREDIT AdobeStock / © Kasto

An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.Iran's oil exports are already dropping fast…

Kongsberg's Operational Advisory Solution for Harsh Environment Semi-Submersible

Photo: Kongsberg Maritime

Odfjell Drilling has awarded Kongsberg Maritime the contract to deliver a real-time monitoring and advisory solution to provide operational safety and non-productive time (NPT) improvements for the 6th generation semi-submersible, Deepsea Stavanger.

China's Falling U.S. Crude Imports More to do with Money than Politics

File Image (CREDIT: AdobeStock / © Jose Gill)

One of the side effects of President Donald Trump's escalating trade dispute with China is that U.S. exports of crude oil to the world's biggest importer are now viewed through the prism of politics.However, this ignores that buyers and sellers…

CNOOC Becomes China’s First OPITO Approved Safety Trainer

Photo: CNOOC

The largest producer of offshore crude oil and natural gas in China, the China National Offshore Oil Corporation (CNOOC), has become the country’s first organization certified to train workers to OPITO safety standards.Its safety training facility…

Schlumberger Introduces MEMS Gyro Surveying Service

Photo: Schlumberger

Schlumberger has introduced the GyroSphere MEMS gyro-while-drilling service at Offshore Northern Seas (ONS). The GyroSphere service responds to the needs of E&P companies for a faster and more rugged, gyro-surveying while-drilling tool that…

Oman and Iran to Drive Growth for Oil Storage Industry

Photo: GlobalData

Oman and Iran will drive the majority of the growth in the oil storage industry in the Middle East between 2018 and 2022, contributing more oil storage capacity than any other country in the region, according to leading data and analytics company…

Oil Slips as Focus Shifts to Demand in Coming Months

© Kokhanchikov / Adobe Stock

Oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could mean tighter supply ahead. Brent crude futures fell 14 cents to $72.67 a barrel by 11:18 a.m. EDT (1518 GMT). U.S.

Total Sees Cash Flow, Output Boost from Deepwater Projects

(Credit: Gonzalez Thierry - Total)

Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area.Production…

LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023

LNG for Marine. Photo: Skangas

The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market…

Gulf Marine Services Bags MENA Contract

Image: GMS

Vessels provider to the oil & gas industry Gulf Marine Services (GMS) said that it was awarded three long-term contracts in the Middle East and North Africa (MENA) region.The provider of advanced self-propelled self-elevating support vessels said in a press release that the new charters…

Offshore Cape Three Points Begins Gas Delivery to Ghana

Image: Vitol

Vitol said that the Offshore Cape Three Points (OCTP) integrated oil and gas project offshore Ghana has commenced delivery of gas from the Sankofa field to Ghana National Petroleum Corporation (GNPC).Both Vitol and GNPC are partners in the OCTP project alongside operator Eni.

Tullow Oil abandons First Namibian Well

(Photo: Tullow Oil)

Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday."The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia…

Ghana Resurrects LNG Import Terminal with Chinese Deals

Ghana has chosen two Chinese companies to build the infrastructure it needs to import liquefied natural gas, resurrecting the $350 million Tema terminal project that would make the country the first in sub-Saharan Africa to buy LNG.Tema LNG, backed by Africa-focused private equity firm Helios Invest