In response to the Arabian leading powers cutting ties with Qatar last week, Qatar Petroleum (QP), one of the world’s largest gas exporters, has directed all resources to “mitigate the impact of any action that could hamper energy supplies to its customers across the globe.” To remind, Saudi Arabia,
A niche energy market now, renewables will be much bigger by the middle of the next decade, and a theme not to be ignored, as oil and gas demand growth slows, Wood Mackenzie writes in its latest report. Wind and solar energy are poised to radically reshape the energy market over the coming decades,
The most popular articles of the week.
By Christopher Johnson LONDON (Reuters) – Oil prices resumed a downtrend on Friday following steep falls earlier in the week, pressured by widespread evidence of a fuel glut despite efforts led by OPEC to tighten the market. Brent crude oil was down 20 cents at $47.66 a barrel by 0820 GMT, around 12
LONDON (Reuters) – A change in UK listing rules for a potential initial public offering of oil company Saudi Aramco would be “highly inappropriate”, fund manager Royal London said on Thursday, adding it would lobby against such a move. “Any attempt to bend the listing rules in order to facilitate th
The international offshore rig count for May 2017 was down by 27 units year-on-year, but up by one unit compared to the last month’s count, according to a Wednesday report by Baker Hughes. The international offshore rig count for May 2017 was 202, up 1 from the 201 counted in April 2017, and down 27
Qatari North Oil Company (NOC) has hired Japan Drilling’s Hakuryu 12 jack-up rig for work on the giant Al Shaheen oil field offshore Qatar. Japan Drilling Company (JDC) said that the NOC hired the rig on a two-year firm deal with options. The company added that the contract, starting in September 20
Offshore drilling rig sector, hurt by low oil prices and overcapacity, is not set for a quick recovery, at least not in the next two years. This is according to Maritime Strategies International (MSI), a research and consultancy firm, which sees a challenging earnings environment for the offshore ri
The International Marine Contractors Association (IMCA) has named Heerema Marine Contractors’ Harke Jan Meek its new president. TechnipFMC’s Bruno Faure has completed his two-year term of office, and has stepped down as President of IMCA in accordance with the organization’s constitution. He will re
By Henning Gloystein SINGAPORE (Reuters) – Oil prices bounced around low levels in choppy trading on Tuesday, with Brent crude holding below $50 over concerns that a political rift between Qatar and several Arab states would undermine efforts by OPEC to tighten the market. Persistent gains in U.S. p
The Dolphin subsea pipeline shipping Qatari gas to the UAE is functioning without interruptions, despite the UAE and some other Arab nations severing their diplomatic ties with Qatar. Saudi Arabia, Egypt, Bahrain, and the United Arab Emirates have cut their diplomatic ties with Qatar, citing the lat
Offshore engineering solutions provider Aquaterra Energy has designed, fabricated, and installed a new platform for PICO Petroleum Integrated Services, the lead contractor for Amal Petroleum Company’s Amal field in the Gulf of Suez, off Egypt. Aquaterra said on Monday that the Sea Swift conductor su
Popular news, May 29 – June 4, 2017
Qatar Petroleum (QP) has hired Chiyoda Corporation to carry out a detailed study to identify the modifications needed for debottlenecking the capacity of Qatar’s LNG trains, in order to process additional quantities of gas that will be produced from the planned new North Field offshore gas project.
