German energy company EWE plans to reduce its use of gas from the Groningen field in the Netherlands sharply, as the Dutch government seeks ways to cut production at the earthquake-prone field drastically. EWE expects to cut its demand for Groningen gas by 1.7…
Oil Minister Jabar Ali al-Luaibi has said Iraq plans to increase its crude oil production capacity from five million bpd at present to seven million bpd by 2022. According to a report on the 15th February he added that Iraq needs US$4 billion for…
Zion Oil & Gas, Inc has announced that during the current open hole wireline logging and subsequent reaming (cleaning the well bore) operations, Zion encountered free-flowing hydrocarbons while circulating drilling mud. Zion’s President and Chief Operations Officer, Dustin Guinn, provided further understanding of recent…
Russia and Saudi Arabia are seeking ways to amplify the success they have had working together to manage the oil market by reaching new energy agreements, including one on liquefied natural gas. The two energy giants, which orchestrated an oil-cuts agreement which helped crude…
BP has awarded Sparrows a three-year contract to manage crane operations, maintenance, and deck services off the coast of Angola. Sparrows said on the 14th February that the contract covered four cranes utilised on two floating, production, offloading, and storage (FPSO) vessels. Namely,…
Statoil has contracted Kvaerner to construct the topsides for the Johan Castberg FPSO in the Barents Sea. In addition, Kvaerner will be responsible for hook-up and integration of the topsides modules with the hull, with at peak around 2,000 of the company’s employees and…
On the 13th February, Turkish President Tayyip Erdogan warned Cyprus not to “overstep the mark” in the eastern Mediterranean, after Greek Cypriots accused the Turkish military of obstructing an Italian vessel exploring for natural gas over the weekend. Turkey, which does not have diplomatic…
Heerema Fabrication Group (HFG) has awarded engineered hydraulic solutions specialist DGI Doedijns a contract to design and deliver the upend & flood control system for the Peregrino II jacket to be set off Brazil. DGI said on the 13th February that the upend control centre…
The flood of crude leaving the US could be about to get a major boost: the nation’s top imports terminal is testing one of the industry’s biggest tankers to load an export cargo for the first time. If the trial run signals the start…
Lukoil has completed commissioning of the first well at the Vladimir Filanovsky Phase 2 field development in the Russian sector of the Caspian Sea. This is a single-bore horizontal production well a measured depth of 3.5 kilometre (2.2 mile), and a 1.2-kilometre (0.75-mile) horizontal…
