9 April 2020, by Nermina Kulovic At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the combined effect on oil and gas activities of the Covid-19 virus and the oil price war,…
Total has inked an agreement to charter its first two LNG-powered Very Large Crude Carriers (VLCCs). The vessels, which can carry about 300,000 tons of crude oil each, will be chartered from Malaysian shipowner AET and delivered in 2022. The vessels have been…
KrisEnergy has completed the sale to BP of its 30% interest in the Andaman II production-sharing contract in the Malacca Strait offshore Kalimantan, Indonesia. The consideration for the disposal is US$15 million, subject to a retention sum of US$1.7 million. Source: Offshore Magazine
I wanted to help stop train derailments,” said an inventor from Edison, NJ. “I came up with the idea for this automatic system to make rail travel safe.” He developed the patent pending ANTI-DERAILMENT AND BRAKING SYSTEM FOR TRAINS to prevent the derailment of…
Energean Oil and Gas, the oil and gas producer focused on the Mediterranean, has announced the completion of an independent Competent Persons Report (‘CPR’) by DeGolyer and MacNaughton on the Karish North field, offshore Israel, and submission of an addendum to the Field Development Plan…
The United States will return to being a net importer of crude oil and petroleum products in the third quarter of 2020 and remain a net importer in most months through the end of 2021. That’s what the US Energy Information Administration (EIA) forecasts…
Norwegian Ministry of Petroleum and Industry has approved the plans for development and operation of the Hywind Tampen project, which will make the Snorre and Gullfaks platforms the world’s first oil & gas platforms to be powered by a floating offshore wind farm. Equinor…
INEOS FPS has rescheduled the planned summer shutdown of the Forties Pipeline System in the UK central North Sea to spring 2021. Originally, this had been due to take place from June 16, 2020. Initially, INEOS could not specify a new date, but the majority…
The technology group Wärtsilä will deliver engineering and equipment (EEQ) to a 23 MW power plant to the island of Bantayan, located in Cebu in the Visayas Region of the Philippines. The power plant will supply electricity to the entire island, which currently undergoes…
Aker BP has awarded Allseas a call-off for removal and disposal of multiple installations in the Valhall area in the North Sea in the period from 2021 to 2026. The work under the call-off comprises the removal and disposal of the Valhall DP- PCP- and…
