Oil flowed normally from fields in northern Iraq even as government troops and allied militias faced off with forces from the independence-seeking Kurdish region on the outskirts of the disputed area of Kirkuk. Exports of about 600,000 bpd of crude from Kirkuk’s oil fields…
Independent Oil and Gas (IOG) has received the results of ERC Equipoise’s analysis of gas resources in the Vulcan Satellites, Blythe, and Elgood fields. The competent persons report (CPR) confirms 2P gas reserves of 303 bcf across the portfolio, comprising 248 bcf in the…
ADNOC (Abu Dhabi National Oil Company) has signed a tri-partite memorandum of cooperation with Japan’s Ministry of Economy, Trade and Industry (METI) and the Japan Oil, Gas and Metals National Company (JOGMEC). This establishes a framework for cooperation on strategic business development, upstream technical cooperation…
Ophir Energy has awarded the upstream construction contract for the Fortuna FLNG project in block R offshore Equatorial Guinea to Subsea Integration Alliance, a partnership between OneSubsea and Subsea 7. This is an engineering, procurement, construction, installation, and commissioning (EPCIC) contract covering the subsea…
China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in six months, the International Energy Agency said. China has spent around US$24 billion on…
Global Marine Group (GMG), a provider of offshore engineering services to the telecommunications, oil and gas, and renewables industries, has announced that Global Marine Systems Limited has entered into an agreement with Fugro NV under which GMG will acquire Fugro’s trenching and cable lay services…
The Canadian Association of Petroleum Producers has proposed a six-point approach to enable Canada “to share its energy prosperity abroad and drive to a lower-carbon economy at home.” The group made its recommendations, which it said are based on “an analysis and forthcoming report,”…
France’s largest bank has said it will shun investment in unconventional and Arctic oil and gas resources as the country’s lower house of parliament upheld a government plan to ban oil production. BNP Paribas Group said it no longer would do business with producers,…
Bureau Veritas (BV) has published a new Rule (NR645) for classification of floating storage and regasification units (FSRUs). This sets out the requirements for addressing the technical and operational issues for units which may operate as a floating terminal for one or more decades to…
Anglo-Irish exploration firm Tullow Oil has announced that it has acquired 90pc stakes in four onshore blocks in the Ivory Coast. Petroci, the national oil company of the Ivory Coast, holds the remaining ten percent. The four blocks – CI 518, CI519, CI301…
