News

  • Repsol Signs 20-Year LNG Supply Deal with Calcasieu Pass Developer

    Repsol has entered into a 20-year, binding sales and purchase agreement for the supply of one million tonnes per annum (mtpa) of liquefied natural gas from the proposed ten-mtpa Venture Global Calcasieu Pass LNG export facility in south-western Louisiana, Venture Global LNG, Inc reported on…

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  • Iran seeking outside help for heavy oil Ferdowsi development

    National Iranian Oil Company (NIOC) is looking for assistance to develop the giant heavy oil Ferdowsi field in the Persian Gulf, according to news service Shana.   The field, discovered in 1966, also contains gas in its Dalana and Kangan layers, in 1966.   The…

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  • EnQuest to buy the rest of Magnus field from BP

    EnQuest has exercised an option to acquire the remaining 75% interest in the Magnus field in the UK North Sea from BP.   EnQuest said on the 7th September that the company would exercise certain options relating to the Magnus, Thistle, and Deveron fields.  …

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  • Full speed ahead for TurkStream pipeline

    Allseas-owned giant multi-purpose vessel Pioneering Spirit has completed more than 80 percent of TurkStream’s offshore section in the Black Sea.   Offshore services provider Allseas said via social media on the 7th September that the Pioneering Spirit vessel completed around 81 percent of the overall…

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  • Flush with Cash, Majors Seek to Tap Africa’s Vast Resources

    Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources.   The world’s biggest companies from Exxon Mobil to Royal Dutch Shell and BP are setting up camp across Africa….

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  • New Turkish regulations for the Canakkale and Istanbul Straits

    Kuzey Pandi have reported new Turkish Straits Maritime Traffic Regulations. Amongst other regulations, these provide new powers for Harbour Masters to intervene directly in salvage operations; vessels are not permitted to get closer than 100 metres to bridge piers/legs in the Straits; overtaking is subject…

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  • Eni cuts first steel for Coral South FLNG

    Eni has marked the beginning of construction of the hull for Coral South floating LNG (FLNG) unit for a project located offshore Mozambique.    At the presence of Mozambique’s Minister of Mineral Resources and Energy, Ernesto Max Tonela, Eni and its Area 4 partners held on the…

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