Angola, Africa’s second-biggest oil producer, should lower the economy’s dependence on oil and its vulnerability to the commodity’s price fluctuations so that enough resources can be made available to improve living standards in the nation, International Monetary Fund Managing Director Christine Lagarde has said. …
Total has begun drilling the Brulpadda-1AX re-entry well offshore South Africa, partner Africa Energy Corporation announced on the 27th December. The well is located on Block 11B/12B offshore South Africa, for which Africa Energy holds a 4.9 percent interest. Block 11B/12B is located…
The Rowan jack-up Ralph Coffman has received a 180-day contract in Trinidad. The contract is expected to start in April 2019. The previously announced contract with CGX Resources in Guyana will follow this programme. Ralph Coffman, a 240-C Class harsh environment jack-up,…
In a consortium with Heerema Marine Contractors (HMC), AF Gruppen has signed a contract with Fairfield for the removal and disposal of the Dunlin Alpha topside on the UK continental shelf. A letter of intent to enter into the contract for the removal and…
Total and Petrobras are pleased to announce that they have achieved significant progress in the scope of their Strategic Alliance, signed in March 2017. The first concrete results of jointly implemented R&D projects. Examples of such work include in particular: With regard to…
As the US oil industry reels from the collapsing oil prices, Canada’s oil business is seeing its oil prices rallying. How can that be? It is the result of strong political intervention in Alberta’s oil business in an attempt to save it from devastation….
The Norwegian Petroleum Directorate (NPD) has sanctioned Aker BP’s request to drill two exploration wells in the southern Norwegian North Sea. The jack-up Maersk Interceptor will drill wells 2/11-12 A and 2/11-12 S in production licence 33, close to the Danish median line and…
Spanish state-owned shipbuilding company Navantia has been awarded a contract by Aibel for work on the Equinor-operated Johan Sverdrup project located offshore Norway. Navantia said it had been awarded the contract for the construction of an HVDC substation module for the Johan Sverdrup field in…
A new analysis of the nation’s major shale gas plays shows 20% more natural gas can be technically recovered from future wells compared with an estimate made five years ago. Researchers primarily attributed the increase to new drilling practices. The analysis by the…
The technology group Wärtsilä has been contracted to deliver a dual-fuel power plant to the Caribbean island of Aruba. The 102 MW plant has been ordered by the local utility, Water–En Energiebedrijf Aruba NV (WEB), to enable WEB to build a solid foundation to…
