In the last three months since its previous fleet status report, offshore driller Transocean has landed new contracts and extensions but has also seen day-rates cut for several of its drillships while four floaters have been retired. According to the driller’s fleet status report,…
Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told President Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Mr…
Keppel Shipyard will soon deliver a converted FPSO to Perenco affiliate Dixstone Holdings for deployment on the Yombo Field offshore Republic of Congo. The FPSO was named La Noumbi during a ceremony at the yard witnessed by Jean-Marc Thysthere Tchicaya, Minister of Hydrocarbons for…
Norwegian operator DEA Norge has received consent from the Norwegian offshore safety body, the Petroleum Safety Authority (PSA), to drill an exploration well in the Barents Sea using the Island Innovator rig. The well, named 7321/4-1, is located in production licence 721 in the…
Oil major BP’s new long-term plan for Trinidad and Tobago could potentially see the company invest as much as US$8 billion dollars in nine new developments over the next ten years. New BPTT president Claire Fitzpatrick said at a media event held at BPTT’s…
Message from Standard Club: Club correspondent Cariconsult International Limited have reported that creditors of the Venezuelan state oil company, PDVSA, are seeking attachments in the former Netherlands Antilles of cargoes belonging or consigned to PDVSA on vessels arriving in Curacao waters. Accordingly this could…
Russia, one of the world’s top three crude producers, is preparing the most radical shakeup of its oil-tax system since 1999. The changes, which will allow the nation’s producers to export crude and oil products duty-free while raising their costs at the wellhead, is…
South Sudan has called off talks with French oil major Total about developing two oil blocks, the petroleum ministry said on the 25th July, paving the way for other investors keen on exploring the vast area thought to be rich in hydrocarbons. Total, alongside…
Tap Oil says Perth-based consulting group Discover Geoscience has identified 32 new leads in acreage surrounding the Manora oil field in the G1/48 concession in the Gulf of Thailand. The existing field infrastructure allows for discoveries within five kilometres (3.1 miles) of the platform…
Lukoil has completed drilling of the first production well from the wellhead platform at the second-stage Yury Korchagin field development in the Russian sector of the Caspian Sea. Stage 2 extends production into the eastern part of the field. The single-bore well with…
