News
BP, Reliance move to develop offshore gas fields in India
India’s Reliance Industries Limited and UK’s BP are set to start awarding contracts to speed up the development of gas fields off the east coast of India. The two companies have jointly announced the decision to progress development of the ‘R-Series’ deep water gas fields in Block KGD6 in the Bay of
Norway’s oil production: ‘Almost 50 years in and still not halfway done’
Norway has been producing oil and gas for almost half a decade, since the first production at the Ekofisk field in 1971. According to the Norwegian Petroleum Directorate, when it comes to oil and gas production, the Scandinavian country is not halfway done yet. Since 1990, total resources, including
JX Nippon starts producing gas from Layang field off Sarawak
JX Nippon Oil & Gas Exploration Corporation said its Malaysian unit, the operator of Block SK10 offshore Sarawak started commercial gas production from the Layang field.
Ramboll to Design Foundations for SPIC Binhai South H3 Offshore Wind Farm
Danish engineering, design and consultancy company Ramboll has been appointed by Huadong Engineering Corporation to design foundations for the 300MW SPIC Binhai South H3 offshore wind farm in the Yellow Sea north of Shanghai.
German Maritime LNG inks Arctic Commitment
The German Maritime LNG Platform extended support to the Clean Arctic Alliance calling for a ban on heavy fuel oil (HFO) use in Arctic shipping, by signing the Arctic Commitment.
Vroon responds to press speculation, says talks with banks ‘constructive’
Vroon, a Dutch company specializing in offshore and shipping business, has dismissed media reports claiming the company’s future to be uncertain, as it may be unable to service its debt. The company did acknowledge the market situation was rough though but also said it was on course “despite the tur
UK oil & gas production efficiency rises fourth year in a row
Production efficiency (PE) on the UK Continental Shelf (UKCS) has risen for a fourth consecutive year to 73%, according to a new publication released on Thursday by the UK’s regulator, Oil and Gas Authority (OGA). This represents an additional production of 12 million barrels of oil equivalent (boe)
Pakistan’s LNG supply deal with Qatar unaffected by rift
Pakistan does not expect the geopolitical isolation of Qatar led by Saudi Arabia and other Arab countries to impact its LNG supply deal.
ECSA & ETF: Digital Solutions in Shipping Needed to Decrease Administrative Burden
Shipping is urgently better served by smart digital solutions to finally alleviate administrative workload on crew and companies, it was highlighted by ECSA and ETF on the occasion of the Digital Assembly 2017. Being held in Valletta on June 15-16, the assembly is co-organised by the European Commis
UK regulator to let Maersk Oil sell North Sea stakes to RockRose
UK independent RockRose Energy has made progress in getting interests in a pair of UK North Sea fields from Maersk Oil North Sea UK, a UK subsidiary of the Danish oil firm Maersk Oil. RockRose Energy said on Thursday that the UK’s oil regulator OGA had confirmed that Maersk Oil North Sea UK will rec
Ichthys LNG operation’s complex starts up
The Inpex-led Ichthys LNG project has started up its operation’s complex, as the onshore processing plant prepares to transition from construction to operations.
South Korea’s Kogas fires up Samcheok LNG tanks
South Korea’s Kogas said Thursday it started commercial operations of three liquefied natural gas (LNG) storage tanks at its Samcheok receiving terminal located some 290 kilometers east of Seoul. Kogas has been testing the three 270,000-cbm capacity LNG storage tanks since March this year. The compa
Energy XXI spuds first development well of this year, cuts workforce
U.S.-based oil and gas company Energy XXI Gulf Coast has spud its first development well of 2017 at the West Delta 30 field, in the Gulf of Mexico. Aside from the well spud announcement, the company also said on Wednesday it recently implemented additional workforce reductions to lower its overhead
BP, RIL to develop gas fields off India
The UK-based energy giant BP and Reliance Industries intend to develop deepwater gas fields already discovered off India, as part of an agreement to expand their partnership.