Tulip Oil Netherlands Offshore BV has made the Final Investment Decision (FID) for the development of the Q10 gas field located in the North Sea. Tulip Oil Netherlands Offshore BV (Tulip Oil) is a subsidiary of Tulip Oil Holding BV, a privately-held exploration and production…
Dutch company Fugro has started a programme of geophysical and geotechnical surveys for Artelia, Abu Dhabi as part of the Hail and Ghasha development, a landmark project by the Abu Dhabi National Oil Company (ADNOC). Located offshore in the Arabian Gulf, the Hail and Ghasha…
German-based utility VNG AG is exploring strategic options including “a strategic partner” for its oil and gas exploration and production business in Norway and Denmark, VNG Norge AS. The company on the 18th January said it engaged Citigroup to assist VNG AG in the evaluation…
Norway’s Energy and Petroleum Ministry has offered 75 new offshore production licences, a record for the country’s annual Awards in Pre-defined Areas (APA) process. The number of applications submitted for APA 2017 also constituted a new high. Forty-five of the licences are in…
Seeking to further simplify its business, Rolls-Royce will be conducting a review of its commercial marine unit, which might include its sale. Rolls-Royce said on the 17th January that it is evaluating strategic options for its commercial marine operation and a reduction from five…
Ivory Coast awarded Tullow Oil two new oil and gas blocks on the 17th January, including one along the maritime boundary with Ghana, government spokesman Bruno Kone said. Africa-focused Tullow now holds stakes in nine Ivorian blocks, eight of which it has picked up…
The pace at which China exports the fuel it does not want is set to jump by more than four times in 2018, according to the nation’s biggest energy producer. That’s a harbinger of bad news for processors in the rest of Asia —…
Huisman claims to have produced the world’s first 3D printed offshore crane hook. The device has passed its 80-metric ton load test and all associated quality control checks. Crane hooks are conventionally manufactured using casting or forging techniques. Huisman employs the 3D printing…
The Azerbaijan International Oil Company (AIOC) has awarded KBR and its joint venture with SOCAR two front-end engineering design (FEED) contracts. These are for a new production, drilling, quarters (PDQ) platform – Azeri Central East (ACE) – to be added at the Azeri-Chirag-Gunashli (ACG)…
Oil slipped from a three-year high amid speculation that a surge in hedge-fund buying had pushed prices up too quickly. US crude futures lost 0.4% while in London Brent retreated from US$70/bbl, a level it crossed last week for the first time since 2014….
