Tag Archive

INEOS Forties Pipeline System Media Update

INEOS Forties Pipeline System Media Update

December 13, 2017 No Comments

Last week during a routine inspection INEOS contractors discovered a small hairline crack in the pipe at Red Moss near Netherley, just south of Aberdeen. A repair and oil spill response team was mobilised on Wednesday, December 6, after a very small amount of oil seepage was reported. Measures to contain the seepage were put […]

Iran-Iraq Oil Swap Deal To Run For a Year

Iran-Iraq Oil Swap Deal To Run For a Year

December 12, 2017 No Comments

Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year and subject to renewal. The agreement signed on Friday by the two OPEC countries provides for Iran […]

Kraken Robotic Enters strategic partnership with Avitas Systems

Kraken Robotic Enters strategic partnership with Avitas Systems

October 28, 2017 No Comments

Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) announced today that its wholly-owned subsidiary, Kraken Robotic Systems Inc. has entered a strategic partnership with Avitas Systems, a GE Venture. The companies will integrate Autonomous Underwater Vehicles (AUVs), acoustic and laser sensor technology and artificial intelligence-based navigation software into unique subsea inspection solutions for the oil and […]

John S. Watson to Retire From Chevron

John S. Watson to Retire From Chevron

September 28, 2017 No Comments

Michael K. Wirth Named Chairman and CEO of Chevron Chevron Corporation (NYSE: CVX) announced that its Board of Directors elected Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman of the board and executive vice president of Midstream and Development, succeeds John S. […]

A bright future for Ugandan oil & gas sector

A bright future for Ugandan oil & gas sector

September 27, 2017 No Comments

The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well. These sentiments were echoed by speakers and delegates attending the Uganda International Oil & Gas Summit in Kampala Uganda. Addressing government officials and delegates, […]

BP begins providing natural gas to Mexico

BP begins providing natural gas to Mexico

September 19, 2017 No Comments

BP Energía México, BP’s natural gas marketing and trading arm in Mexico, has started to deliver approximately 200,000 mmbtu/d of natural gas to industrial users, local distribution companies and independent power producers in eight states in Mexico, making BP one of the first private companies to supply natural gas to the domestic market under the […]

Rosneft Develops Projects in Iraqi Kurdistan

Rosneft Develops Projects in Iraqi Kurdistan

September 18, 2017 No Comments

Rosneft has completed its due diligence on infrastructure of the export oil pipeline in Iraqi Kurdistan (‘KROP”) and will shortly finalise the legally binding documents on oil pipeline project under the Investment Agreement signed at St. Petersburg International Economic Forum in June 2017. The Kurdistan Regional Government of Iraq and the Company intend further strengthen […]

NNPC Resolves to Meet 2019 Refineries Revamp Target

NNPC Resolves to Meet 2019 Refineries Revamp Target

September 13, 2017 No Comments

In line with the Presidential mandate of rehabilitating the nation’s three refineries, the Nigerian National Petroleum Corporation has inaugurated eight committees charged with returning the refineries to their nameplate capacities by the year 2019. While inaugurating the committees on Tuesday, Group Managing Director of the Corporation, Dr. Maikanti Baru, charged them to deploy “out of […]

Wood Group’s Ichthys LNG development contract

Wood Group’s Ichthys LNG development contract

September 8, 2017 No Comments

Wood Group has secured a new, five-year contract with INPEX Operations Australia Pty Ltd (‘INPEX Australia’) to provide subsea engineering services for the integrity of the INPEX-operated Ichthys LNG Project, offshore Western Australia. The operations of all subsea assets and the gas export pipeline will be supported under the contract which includes two, one-year extension […]

Saipem Awarded Contract by Eni Angola

Saipem Awarded Contract by Eni Angola

August 31, 2017 No Comments

Eni Angola S.p.A. has awarded Saipem work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017. The work, which will be performed by the E&C Offshore division, encompasses the construction and subsequent installation in deep waters of umbilicals, risers and flowlines (Deep Water SURF) […]

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