Thursday, March 22, 2018

Oil And Gas Expertise News

Bibby Offshore Scores Contract Hat-Trick with Supermajor

Polaris (Photo: Bibby Offshore)

Subsea services provider Bibby Offshore announced three individual multimillion dollar contract wins with an oil and gas supermajor. The initial contract will see Bibby Offshore…

DNV GL Opens LNG Test Center

Lightbox LNG Test Centre PR

DNV GL opens LNG test center. The facility, at the organization’s existing renewable energy technology and gas laboratory site is the first type of facility with a capacity compatible for the downstream sector.

ISN Targets UKCS Growth

David Greenwood (left), managing director of ISN, and Virtual Stream founder Russell Robertson see significant growth opportunities in the UKCS and internationally for the oil and gas specialist ICT business.

ISN has acquired Aberdeen IT consultancy, Virtual Stream, for an undisclosed sum. The specialist information and communications technology (ICT) services firm, headquartered in London…

Sharp Contrasts in Markets Impact Van Oord

Photo: Van Oord

The year 2017 was dominated by the difficult market conditions in the dredging and oil & gas sectors, says Pieter van Oord, CEO, Van Oord, the Dutch contracting company that specializes in dredging and land reclamation.

China Says to Have "Prudent" Oil Exploration with Philippines

© Anton Balazh / Adobe Stock

China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China's top diplomat State Councillor Wang Yi said on Wednesday…

Record U.S. Oil Offshore Lease Sale to Test Trump Energy Push

File Image (CREDIT: AdobeStock / (c) Mike Mareen)

The U.S. Interior Department will hold the largest lease sale in American history in the offshore Gulf of Mexico on Wednesday, in a major test of the oil industry’s appetite for…

Proforma Safety Partners with LOMAK Energy

Proforma Safety International announced its partnership with Guyanese agency, LOMAK Energy Services Inc., to support the oil and gas sector with consulting services. Leveraging…

McDermott to Bid for Asia Offshore Oil, Gas Contracts

File Image (CREDIT: AdobeStock / (c) xmentoys)

U.S. engineering and construction company McDermott International plans to bid for $5 billion in contracts in the next few months in Asia Pacific as the region's offshore oil and gas sector recovers…

CEVA launches City of Energy in Middle East


CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates. The hub…

BSEE: Report on Subsea Bolting Technology Released

High-Performance Bolting Technology for Offshore Oil and Natural Gas Operations Photo courtesy of  BSEE

In an effort to address a recurring problem with faulty connectors in critical safety equipment, the Bureau of Safety and Environmental Enforcement (BSEE) commissioned a National…

Exxon Assessing Earthquake Damage to New Guinea NatGas Plant

LNG export project knocked out by major quake in late Feb. A senior Exxon Mobil Corp executive said on Wednesday the company is still assessing damage to its natural gas processing…

Exxon Mobil buys LNG to Chill Papua New Guinea Project

File Image: A typical LNG Carrier at Sea (CREDIT: QGTC)

ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New Guinea plant cold after a powerful earthquake triggered a production halt last month, several trade sources said on Monday.

Oil Producer Norway Starts Wage Talks to Avert Widespread Strikes

© Elmer Laahne / Adobe Stock

Norwegian employers and labour unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer.

Petronas Raises 2018 Spending for Upstream Work

Datuk Mohd Anuar Taib (Photo: Petronas)

Malaysian state energy firm Petroliam Nasional Berhad (Petronas) is increasing capital expenditure for upstream activities slightly in 2018 from last year, upstream chief executive Mohd Anuar Taib said on Wednesday.

More Exploration off Norway Needed to Maintain Output -Petoro

Grethe Moen, Petoro president and CEO (Photo: Emile Ashley / Petoro)

Oil companies must explore for more offshore oil and gas reserves if Norway is to maintain energy production at its current level, state-owned oil firm Petoro said on Wednesday.

Methanol Plant at Libyan Port Shut after Accidental Blast

A methanol plant in the Libyan oil port of Brega has stopped operations after an accidental explosion caused by a gas leak, an official said on Tuesday. The plant will remain shut until safe operations can be guaranteed…

S.Korea Fuel Oil Imports Soar

© Igor Groshev / Adobe Stock

South Korea's move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting in surging fuel oil imports…

Algeria's Sonatrach to Invest $250 million at Tinhert Gas Field

Sonatrach's CEO Abdelmoumen Ould Kaddour (Photo: Sonatrach)

Algerian state energy firm Sonatrach will invest $250 million to boost output at the Tinhert gas field to 20 million cubic metres (mcm) per day by 2020 up from 5 million cubic metres, its CEO said on Monday.

Eni Raises Dividend, Production Targets

Italian oil and gas group Eni raised its dividend on Friday and held out the promise of a share buyback as it ramped up production and cash flow targets. In its 2018-2021 plan,…

Crescent Petroleum, Dana Gas to Increase Production from Khor Mor Field

Photo: Dana Gas

Pearl Petroleum, a company consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a 10 year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG)…