If the US bans oil imports from Venezuela, Valero Energy Corporation and Chevron Corporation may end up paying the price. The US is considering a ban on oil imports from Venezuela and exports of petroleum products, but is wary of the damage to American…
Statoil has awarded Fugro a long-term contract to provide positioning of all its operated drillings rigs offshore Norway and associated vessels. Fugro’s positioning systems, using all available navigation satellites (GPS, GLONASS, Beidou and Galileo), will be permanently installed on the facilities. The contractor…
Eni and Total have reportedly made what is believed to be a large gas discovery at their Calypso prospect in the Block 6, offshore Cyprus. News reports have cited Cypriot Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis saying on the 2nd February…
Jordan has reportedly approved an agreement with Iraq to build a twin gas and oil pipeline between the two countries. The 1,680-kilometre double pipeline will pump one million barrels of oil a day, and 258 million cubic feet of gas, from Basra to Aqaba….
Total SA will acquire two exploration licences covering more than 12,000 square kilometres offshore Guyana. It agreed to acquire a 35% working interest in the Canje Block from an affiliate of JHI Associates Inc, Toronto, and Mid-Atlantic Oil & Gas Inc of Guyana. The…
Oilfield services (OFS) companies around the globe will face stronger demand for their services in 2018, according to a new report from BMI Research. Oil and gas analysts at BMI believe that recovering onshore activity in the US will boost demand for drilling and…
Following a spate of stern tube seal failures, Antwerp-based Hydrex has reiterated its capability in carrying out repairs to stern tube seals during a ship’s routine port visit, saving the expense and loss of revenue of unscheduled dry-docking. Stern tube seals can suffer undue…
Oil major BP has been told to proceed with the Scotian Basin Exploration Drilling project by the Canadian Environmental Assessment Agency. Catherine McKenna, Canada’s Minister of Environment and Climate Change, said on the 1st February that the Scotian Basin Exploration Drilling Project was not…
BHP Billiton Ltd, seeking to accelerate the sale of its US shale unit, is prepared to offer the assets in as many as seven packages, including three in the prized Permian basin, according to people with knowledge of the producer’s plans. The world’s biggest…
The West Hercules semi-submersible rig has been contracted for drilling two exploration wells in the Barents Sea in 2018, and options to drill another five exploration wells. Statoil and the licence partners have signed a contract with North Atlantic Norway Ltd for use of…
