The US government imposed sanctions on Venezuela’s national oil company Petroleos de Venezuela SA (PDVSA) on the 28th January following a determination by US Treasury Secretary Steven Mnuchin, in consultation with US Secretary of State Mike Pompeo, that persons in PDVSA are plundering operations to…
Now that Japanese giants Toshiba and Hitachi have walked away from UK nuclear power projects which had previously been abandoned by others, it has forced the government to reassess the pro-nuclear bias of its energy policy. Greg Clark, the UK business secretary, has recognised…
All newbuild floating production storage and offloading (FPSO) vessels slated for deployment in the Oceania region from 2019 to 2025 will operate in Australia, according to a new report from GlobalData. “In Australia, FPSOs are primarily being deployed to develop conventional natural gas fields,”…
The Norwegian Petroleum Safety Authority (PSA) has been assessing the potential for collisions between floating glacial ice and semi-submersibles in the far north of Norway. Work has included studying interactions between a modelled body of ice and a semi-submersible platform. The study, part…
Yinson Energy has contracted DOF Subsea Asia Pacific Region to provide transportation and installation services to position and moor the FPSO Helang on the Layang field offshore Sarawak, Malaysia. DOF will deploy the construction support vessel Skandi Hercules for the programme, which is due to…
Indonesia’s Medco Global has been given more time to decide whether it will proceed with the proposed takeover of Ophir Energy, or not. At the request of Ophir, the Takeover Panel has consented to an extension of the deadline for Medco Global to either…
The US will position itself as a net energy exporter in 2020 and will remain so throughout a projection period to 2050 resulting from large increases in production of crude oil, natural gas, and natural gas plant liquids (NGPL) coupled with slow growth in energy…
The state-run China-headquartered Zhenhua Oil, the oil exploration & production subsidiary of Norinco, the Chinese defence contractor, has bought its vey first LNG cargo from Chevron Corporation. If reports are to be believed, the oil exploration company has put forth the buyout offer in…
The technology group Wärtsilä has been awarded an integrated 6 MW energy storage project contract for the Caribbean island of Bonaire. The engineering, procurement, and construction (EPC) hybrid energy project includes both the hardware, consisting of batteries and inverters, as well as GEMS, the…
President Muhammadu Buhari, Nigeria’s substantive minister of petroleum resources, has approved the renewal of 22 expired and expiring oil blocks, from which the Department of Petroleum Resources (DPR) realised about US$1 billion for the government. The approval for the renewal of the 22 expired…
