Sunday, September 23, 2018

Oil And Gas News

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…

Huisman Building Drilling System for CMHI

Photo: Huisman Equipment BV

This week, China Merchants Heavy Industries (CMHI) awarded Huisman a contract for the engineering and fabrication of a drilling system which will be integrated and installed on the moored drilling semi-submersible constructed at CMHI…

Canada Environment Minister: 'No Apologies' for Oil Sector Support

© Darlene Munro / Adobe Stock

Canada's top climate change official on Thursday said she would make no apologies for the nation's support for its oil producers, saying environmental and economic policies must consider the needs of all Canadians.Prime Minister Justin…

Total Bought 25% in Orinduik Block Offshore Guyana

Total says has exercised option to buy a 25 pct interest in Orinduik exploration block offshore Guyana.* Orinduik operated by Tullow Oil off Guyana contains an estimated 3 billion barrels of oil and gas, its partner Eco Atlantic said on Tuesday, as the two firms prepare to drill in the Lat

Damen Shipyards Carries Out Tank Testing of New FCS 7011

Image: Damen Shipyards

Damen Shipyards Group has carried out tank testing of its 70-metre Fast Crew Supplier (FCS) 7011. The tests were carried out at the Delft University of Technology (TU Delft) with a 2.8-metre long model.Intended for long distance crew transfer operations…

Reliance Shuts Field in Krishna-Godavari Basin

India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline in output for months.The closure marks the beginning…

Oil Approaches $80 a Barrel

© PRUSSIA ART / Adobe Stock

The oil price rallied towards its highest level this year on Wednesday, after a drop in U.S. crude inventories and as the prospect of the loss of Iranian supply added to concerns over the delicate balance between consumption and production.Brent…

China and U.S. Energy Officials Tout Cooperation, Despite Tariffs

Energy trade with China will remain strong in the long-term, officials said on Wednesday at a China-U.S. oil and gas forum in Houston, even as an escalating trade dispute hits U.S. exports of natural gas.Cooperation could be expanded…

Henderson Acquires HP Piping Solutions

Logo courtesy of Henderson

Drilling rigs and capital drilling equipment sales and service provider Henderson said it has acquired high specification/high pressure fabrication company HP Piping Solutions in a move to further improve its service capabilities within…

BSM Launches a Offshore Division

“This segment is focused on special operations and driven by different rules, so we decided to establish a dedicated expert team to specifically attend to the needs of the offshore market,” said Matthias Mueller, Managing Director of BSM Offshore.

In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement (BSM) said it has set up a new business unit to focus on the oil and gas and offshore energy renewables…

Aker Solutions Wins Services Contract in Brazil

Photo: Aker Solutions

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers.

Aker Bets on Software Engineers for Its Oil Business

(Photo: Aker BP)

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite…

O&G Output at Russia's Pacific Sakhalin Island Seen Down in 2019

Photo: ExxonMobil

Production of oil and natural gas at the Russian Pacific island of Sakhalin is expected to decline next year, the local government said in an emailed response to a Reuters query.Sakhalin, which is also famous for producing seafood, derives…

Forum Tackles Decom Challenges

John Warrender, Chief Executive, Decom North Sea and Bill Cattanach, Head of Supply Chain at the OGA. (Photo: Decom North Sea)

At its inaugural Collaboration and Innovation in Decommissioning event earlier this month, Decom North Sea brought together more than 110 delegates – from operator and supply chain companies – to focus upon finding solutions to current…

In U-turn, Exxon, Chevron to Join Rivals in Climate Initiative

© immaginario75 / Adobe Stock

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of international oil and gas giants in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on Thursday.The move marks a U-turn for Exxon Mobil and Chevron, the top two U.S.

Norway Gets Bids from 38 Oil Firms in Licensing Round

© chromoprisme / Adobe Stock

A total of 38 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round, the country's energy ministry said on Friday.Bidders include oil majors Shell, ConocoPhillips and Total, as well as Norway's Equinor and Aker BP, S

Russia's Novak to Meet with U.S. Counterpart Perry

Russia's energy minister Alexander Novak will meet with his U.S. counterpart Rick Perry on Thursday to discuss the situation on global oil and gas markets, Russia's Energy Ministry said in a statement on Monday.Novak and Perry will also…

DNV GL sees oil demand peaking in 2023

(Photo: Eric Haun)

Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with cars fuelled by petrol and diesel, and after 2040 no new oil developments will likely be needed, quality assurance and risk management firm DNV GL…

Dellner Brakes Acquires JHS Jungblut

Dellner Brakes JHS passive yaw sliding bearing for wind turbines (Image: Dellner Brakes)

Swedish-based marine and industrial brake supplier Dellner Brakes said it has acquired German brake specialist JHS Jungblut in a move that aims to strengthen the company’s offering in the wind energy market, and also enable further global expansion…

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 Hel