More offshore operators look set to deploy Autonomous Underwater Vehicles (AUVs) for Life Of Field Inspection (LOFI) programmes, according to Westwood Energy’s World AUV Market Forecast 2018-2022. One reason is that as developments move to deeper water, the vessels and ROVs (Remotely Operated underwater…
Norway’s Petroleum Safety Authority has given Norske Shell consent to drill exploration well 34/5-2 S in production licence PL 373 S in the North Sea. The well will investigate a prospect named ‘Tyttebær’. The well is to be drilled in the following location: 61°…
Malaysia’s Petronas reported it will take an equity position in LNG Canada, in Kitimat, BC, on Canada’s west coast, through its wholly owned entity North Montney LNG LP (NMLLP). If approved and on closing of this deal, ownership interests in LNG Canada would be…
Canopius appoints reinsurance Europe head from Emirates Re Specialty re/insurer Canopius has appointed Stephan Ott as its new head for Continental Europe, reinsurance. Mr Ott was most recently chief underwriting officer for Emirates Re and has held various senior underwriting positions in his career,…
Tullow Oil has hired Wood to design a pipeline needed to bring crude from Kenya’s Lokichar onshore fields to Lamu on the Indian Ocean coast. Kenya, which currently exports no crude, discovered commercial oil reserves in its Lokichar basin in 2012 and the 800-kilometre (500-mile) pipeline is expected…
Neptune Energy’s Cara discovery in licence PL636 in the Norwegian North Sea was awarded the Exploration Innovation prize at last week’s Recent Discoveries Conference in Oslo. Cara was one of ten nominees and one of three finalists, the others being the Kayak and Zumba…
Norway’s Equinor and Azerbaijan’s Socar have signed a Risk Service Agreement (RSA) related to the appraisal and development of the Karabagh oilfield and a Production Sharing Agreement (PSA) for the Ashrafi, Dan Ulduzu, Aypara area. Statoil Azerbaijan signed the agreements on behalf of Equinor. …
President of Azerbaijan Ilham Aliyev has inaugurated the Southern Gas Corridor project in Sangachal terminal in Azerbaijan, which will be supplied with gas from the BP-operated Shah Deniz field in the Caspian Sea. Stretching over 3,500 kilometres, crossing seven countries and involving more than a dozen…
What NOAA Expects in 2018 Atlantic Hurricane Season On the heels of the costliest hurricane year on record, the Atlantic is expected to produce five to nine of the mighty storms during the six-month season which started on the 1st June, the National Oceanic and…
Lebanon’s search for its first oil and gas reserves began on the 29th May after authorities approved an exploration plan submitted by a consortium of France’s Total , Italy’s Eni and Russia’s Novatek. Energy and Water Minister Cesar Abi Khalil said in a televised…
