The semi-submersible Leiv Eiriksson has spudded Lundin Norway’s latest exploration well in the southern Barents Sea. Well 7219/12-3 is targeting the Hurri prospect in licence PL53, two kilometres (1.2 miles) south-west of Lundin’s Filicudi oil discovery and south of the Statoil-operated Johan Castberg oil…
Fluor Corporation has announced that it has been selected by Ontario Power Generation (OPG) for the procurement and construction of refurbishment work at OPG’s Darlington Nuclear Generating Station in Ontario, Canada. Fluor will book the undisclosed contract value in the fourth quarter of 2017. …
Novatek has announced that Yamal LNG has commenced producing liquefied natural gas at the first LNG train, with the nameplate capacity of 5.5 million tons per annum. The first cargo loading is scheduled on the 8th December at the Sabetta port using the first…
Britannia plumps for Luxembourg post-Brexit subsidiary Britannia P&I Club is to establish a subsidiary in Luxembourg to ensure it can continue to trade in Europe after the UK leaves the EU on the 29th March 2019. The company has said that Europe accounted for…
On the 5th December Italy, Greece, Cyprus and Israel agreed to back the construction of a gas pipeline from newly discovered fields in the eastern Mediterranean to Europe. The project, known as East Med, involves a 2,000 kilometre long pipeline to channel offshore reserves…
Dana Petroleum Ltd has brought its Western Isles development on stream in the UK North Sea after project partners invested about US$2 billion on the project involving Harris and Barra oil fields in 540 feet of water nearly 100 miles east of the Shetlands. …
Statoil ASA has submitted a plan for the development and operation (PDO) of its Johan Castberg project offshore Norway to Norwegian authorities, and said recoverable resources are estimated at 450-650 MMboe. Johan Castberg lies in 400 metres of water in production licence 532 about…
Delft-based Ampelmann has secured a contract to supply its A-type gangway system to North Oil Company (NOC) on the chartered Bourbon Gulf Star DP2 72 PAX support vessel. This diesel electric, 73 metre vessel is currently deployed to the Al Shaheen Oil Field, 80 kilometres…
ExxonMobil has announced that its wholly owned affiliate, ExxonMobil E&P Mauritania Deepwater Ltd, has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil…
Do not expect Big Shale to rush and fill the hole left by OPEC in the oil market. Executives from three of the biggest independent US drillers say they would not increase activity just because prices rise after the Organisation of Petroleum Exporting Countries…
