Tag Archive

ADNOC Awards US $1.6bn Contracts to CNPC Affiliate

ADNOC Awards US $1.6bn Contracts to CNPC Affiliate

July 19, 2018 No Comments

The Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED 5.88bn (US $1.6bn) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 square kilometres, as the company continues to identify and unlock new opportunities and maximize value from its hydrocarbon resources and deliver on its […]

FRONTIER EXPLORATION LICENCE 2/14 SOUTHERN PORCUPINE BASIN

FRONTIER EXPLORATION LICENCE 2/14 SOUTHERN PORCUPINE BASIN

July 19, 2018 No Comments

Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, provides a Licence Update on Frontier Exploration Licence (“FEL”) 2/14. Providence confirmed that, having received approval from the Minister of State at the Department of Communications, Climate Action and Environment, the farm-out comprising the assignment of equity (35%) and transfer […]

Woodside Achieved 100% reliability at Pluto LNG

Woodside Achieved 100% reliability at Pluto LNG

July 19, 2018 No Comments

CEO Peter Coleman said the start up of LNG production from Wheatstone Train 2 was the highlight of the period, which also saw another strong quarter of performance at Pluto. “Since starting up in June, Wheatstone Train 2 has achieved high production rates, building on the continuing operational success at Train 1. Output from Wheatstone, […]

Kvaerner awarded additional scope at Njord A

Kvaerner awarded additional scope at Njord A

July 13, 2018 No Comments

Kvaerner signed a contract with Equinor for the complete upgrading of the Njord A floating production platform. This contract includes the full upgrading of hull and topside, a scope which will enable the contract to produce oil and gas for decades ahead. In addition to production from the Njord field, the platform will also receive […]

Nigeria Oil and Gas Conference Awards

Nigeria Oil and Gas Conference Awards

July 9, 2018 No Comments

Aiteo adjudged Company of the Year The Aiteo group (www.AiteoGroup.com) was declared Indigenous Oil and Gas Company of the Year at the Nigerian Oil and Gas(NOG) Awards, on July 4, 2018 at the International Conference Centre(ICC), Abuja. The gala rounds off the Nigeria Oil and Gas Conference and Exhibitions, holding from July 2 to July […]

New Oil Cartel Threatening OPEC

New Oil Cartel Threatening OPEC

July 5, 2018 No Comments

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. “The timing is right. The boom in U.S. oil and gas […]

Wintermar Offshore  Repays US$39.72 Million Loan in Full

Wintermar Offshore Repays US$39.72 Million Loan in Full

July 2, 2018 No Comments

On 1st July 2018, the WINS Group (WINS.JK) fully repaid the US$39.72 million syndicated loan by OCBC Bank and PT OCBC NISP that was disbursed in 2010. Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Tbk (WINS), said, “Although the past few years have been very challenging for everyone in the oil and gas […]

Eni Norge and Point Resources merge into Vår Energi AS

Eni Norge and Point Resources merge into Vår Energi AS

July 2, 2018 No Comments

Eni and leading private equity investor HitecVision announced an agreement to merge Point Resources AS into Eni Norge AS, and renaming the company Vår Energi AS. The combined entity will be a leading independent Norwegian Exploration & Production company, built on the existing organizations and leveraging on complementary strengths. The portfolio of the combined company […]

3 Breakthrough Technologies Changing The Energy Sector

3 Breakthrough Technologies Changing The Energy Sector

July 2, 2018 No Comments

Energy has seen some big changes in the last few years. Coal has stumbled. Renewables have surged. Oil fell hard, then spent years clawing its way back up. But the biggest change in energy has been in tech. The shale revolution unlocked millions of barrels that had been trapped away in shale deposits for decades. […]

Chevron’s Motion to Dismiss Climate Change Case

Chevron’s Motion to Dismiss Climate Change Case

June 26, 2018 No Comments

The U.S. District Court for the Northern District of California has issued a ruling dismissing the climate change lawsuits filed against Chevron Corporation by the cities of San Francisco and Oakland. The court dismissed the complaint as requiring foreign and domestic policy decisions that are outside the proper purview of the courts. As the court […]

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