On the 18th April, China National Offshore Oil Corporation (CNOOC) sold cargoes of liquefied natural gas (LNG) on a domestic exchange for the first time, the latest step by China to boost supplies of the clean fuel as the nation shifts away from coal. …
Eni CEO Claudio Descalzi says that the oil giant will invest €7 billion (US$8.6 billion) in activities in its home country of Italy over the next four years. Mr Descalzi told investors on the 18th April that the investments will include €1 billion into…
Air Control Entech (ACE) and the Oil & Gas Technology Centre have launched three unmanned aerial vehicles (UAVs), designed to cut the costs of offshore oil and gas inspection by up to 50%. Most UAVs offshore are typically used for visual inspection. ACE’s focus…
Repsol has encountered oil offshore Gabon with the Ivela-1 exploration well. The Ivela-1 exploration well is located in the Lower Congo Basin, in Luna Muetse (E13) Block which has a net surface area of 1,200 square kilometres. Repsol is the operator of the offshore…
Independent Oil and Gas (IOG), has announced that it has now completed the acquisition of the Thames pipeline. Pipeline Acquisition Pipeline acquired from Perenco UK Limited, Tullow Oil SK Limited and Spirit Energy Resources Limited Recommissioning of the pipeline is an essential part of the…
The report, now available on ASDReports, “Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region – Global Forecast to 2023”. The…
Eni plans “billions” of investments in Algeria over the next three years, the company’s CEO said on the 17th April, as the Italian energy firm said it had agreed to extend its partnership with Algerian state firm Sonatrach. “We need to invest more because…
On the 17th April, Australia’s Northern Territory lifted a nearly two-year moratorium on fracking to extract gas, unlocking vast onshore reserves in the resource-rich region and raising the possibility of other provinces following suit. The Northern Territory (NT), a 1.4 million square kilometre (540,000…
DeepOcean has contracted Osbit to upgrade a subsea plough for the construction of the Nord Stream 2 pipeline in the Baltic Sea. To meet the project’s requirements the Advanced Multi-Pass Plough (AMP500) must be re-engineered to accommodate a larger diameter pipeline. Osbit plans…
The future of the UK-based offshore fabrication company BiFab has been secured following a deal with a Canadian firm hammered out by the Scottish government which will also take a minority stake in support of the future of the yard. BiFab’s problems started late…
