News
APPEA: Queensland’s action plan right way to regulatory reforms
The Australian Petroleum Production & Exploration Association on Monday said the Queensland government’s gas action plan is a recognition of the need for regulatory reforms.
Total wins Iranian South Pars field phase 11 development
Total said it has signed a heads of agreement with the National Iranian Oil Company for the development of phase 11 of South Pars, the world’s largest gas field.
McDermott reaches 45 million LTI-free hours in Middle East
McDermott International, a provider of engineering, procurement, construction and installation (EPCI) services, has reached 45 million man-hours without a lost time incident (LTI) in the Middle East. McDermott said on Monday that the Quality Health Safety Environment Security (QHSES) milestone was r
BP: Final Investment Decision ‘imminent’ for Mad Dog 2 offshore project
After years of delays, British oil company BP is set to sanction a multi-billion dollar deepwater Gulf of Mexico project – the Mad Dog 2. The Mad Dog 2 is an extension to the Mad Dog project in the U.S. Gulf of Mexico which has been in production since 2005 via a spar facility designed […]
Matrix Service wins JAX LNG storage tank job
Matrix Service Company said its unit, Matrix Service, won the engineering, procurement, fabrication, and construction contract for an LNG storage tank for the JAX LNG bunker facility at Dames Point near the Port of Jacksonville.
UK oil & gas firms exploring Mexico’s newly-opened industry
A delegation from the British Chamber of Commerce in Mexico is in Aberdeen this week, looking at opportunities to build closer business links between the Scottish and Mexican oil and gas sectors. The Mexican oil and gas industry in Mexico had been closed for foreign companies for years, however, sin
US Court rejects Sierra Club’s appeal of Corpus Christi LNG approval
The United States Court of Appeals for the District Columbia Circuit issued a Judgement denying the petition by Sierra Club for review of FERC’s approval of Cheniere’s Corpus Christi LNG export project in Texas.
Eni looking to explore for oil in Bahrain
Italian oil firm Eni is looking to explore for oil and gas in the Persian Gulf, as Bahrain has invited the company to study and assess the potential of some exploration and production assets in the country. According to Eni, four agreements have been signed between the Bahrain Petroleum Company (Bap
Oil prices bounce after OPEC reaffirms plan to cut output
By Henning Gloystein SINGAPORE (Reuters) – Oil prices rose by over 1 percent on Monday, pushed up by a statement from the producers’ club OPEC that it was committed to a deal made in September to cut output in order to prop up the market. Brent crude <LCOc1> was at $46.12 per barrel at 0746 [&hellip
UAE minister says global oil supply glut is almost gone
ABU DHABI (Reuters) – The United Arab Emirates (UAE) energy minister Suhail bin Mohammed al-Mazrouei said on Monday the global oil supply glut was almost gone. Addressing the ADIPEC oil conference in Abu Dhabi, he said: “The glut is almost gone … I think we are at the bottom of this cycle…” He added
Strong headwinds ahead for floaters, but recovery could start in 2018
Deepwater offshore drillers are still fighting strong headwinds as the industry heads into the third year of the downturn, however, those who manage to live through 2017, might see the light at the end of the tunnel. According to Rystad Energy, a Norway-based energy intelligence group, utilization f
InterOil, ExxonMobil deal facing delays
InterOil said the Court of Appeal of Yukon on Monday allowed the appeal lodged by Phil Mulacek overturning the Supreme Court of Yukon’s approval of the pending US$2.5 billion ExxonMobil transaction.
Report: Egypt pushes back third FSRU tender
Egypt has reportedly decided to postpone plans to charter a third floating regasification unit (FSRU). State-owned EGAS decided to delay holding the tender for one month or to the end of November until a deal is made with the ministry of electricity over its needs for LNG over the coming period, Reu
Decommissioning – Just Round the Corner
The maritime industry is gearing up for exciting times in an expanding sector The next 30 to 40 years will see the full-scale removal of the North Sea oil and gas industry’s production infrastructure. To say that this will be a considerable task is very much an understatement. For example, it is est