Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The subsea tieback project was completed in September 2018 with first oil delivered on budget and on schedule. All three wells are producing higher than expectation providing…
Vestas has won a 106 MW order by utilising its versatile product portfolio to develop the optimal solutions for several sites in Greece. The order includes the supply and installation of 14 V136-4.2 MW, five V136-3.6 MW and eight V117-3.6 MW turbines. To…
Premier Oil has completed the previously announced sale of its stake in Babbage Area in the UK North Sea to Verus. Premier said on the 7th December it had received £30.3 million (US$38.7 million), after adjustments for Babbage cash flows collected by Premier since…
The Louisiana Offshore Oil Port (LOOP) is pushing out the most crude it has shipped in any one month since the terminal began supertanker exports in February. As the race to build new supertanker ports in the US intensifies, LOOP is poised to send…
Kiewit has won the engineering, procurement and construction (EPC) contract for Venture Global LNG, Inc’s Calcasieu Pass LNG export project under development in Cameron Parish, Louisiana. According to the companies, Kiewit Louisiana Company will design, engineer, construct, commission, test and guarantee the LNG export…
Equinor’s proposed development of Phase 3 of the Troll field in the Norwegian part of the North Sea has been approved. The Norwegian oil giant will with its partners invest NOK 7.8 billion (USD 914 million) in the project which is expected to come online…
The Organisation of Petroleum Exporting Countries concluded a two-day meeting in Vienna on the 7th December with an agreement to cut 800,000 b/d of production, while ten non-OPEC countries agreed to cut 400,000 b/d. The countries of Iran, Libya, and Venezuela were exempted from…
Chevron Corporation has announced a 2019 organic capital and exploratory spending programme of US$20 billion. “Our 2019 budget supports a robust portfolio of upstream and downstream investments, highlighted by our world-class Permian Basin position, additional shale and tight development in other basins and our…
London Market needs EU equivalence regime change in Brexit deal: LMG The UK government has recognised that the London Market does need to see significant changes to the EU equivalence regime but there are no equivalence frameworks for insurers under Solvency II or for brokers…
Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe. The deal will create the UK’s largest independent supplier of well integrity services, Well-Centric highlighted in a statement posted on the company’s website on the 5th December. The…
