Russian oil firm Lukoil has completed the third well at offshore Vladimir Filanovsky field in the Caspian Sea, the horizontal section of the well is 1,217 meters long. The well flow is around 3,000 tons of crude oil per day, the company said. The field, 220 km away from the city of Astrakhan, now ha
Geophysical services company BGP Marine announced last week the beginning of a 2D multi-client survey, offshore Cuba, after signing a 2D multi-client contract with Cuba-Petroleo Company (CUPET). The project comprises 25,000 km of 2D long-offset, high resolution, broadband seismic and gravity data. T
International shipping association BIMCO’s Documentary Committee approved a standard term sheet for use in ship financing transactions on November 17, 2016. BIMCO said that the term sheet has been drafted as “a short and simple” standard for use in bilateral ship financing transactions concerning te
After Premier Oil decided to back away from the Bagpuss license in the North Sea in September, the time has come for Maersk Oil to do the same. According to North Sea Energy, Maersk Oil has decided not to renew the Bagpuss and Blofeld Licence P. 1943 in the UK North Sea. North Sea Energy […]
Mozambique’s Empresa Nacional de Hidrocarbonetos has approved the investment plan for its stake in the Coral South FLNG project.
Siemens held the topping out ceremony for its new wind turbine manufacturing facility in Cuxhaven, Germany, today. The structural steel uprights now stand for the production building in Cuxhaven, which will offer 56,000 square meters of floor space. A two-story building enclosing some 3,800 square m
Siemens held the topping out ceremony for its new wind turbine manufacturing facility in Cuxhaven, Germany, today. The structural steel uprights now stand for the production building in Cuxhaven, which will offer 56,000 square meters of floor space. A two-story building enclosing some 3,800 square m
This October, The Northwest Seaport Alliance (NWSA) recorded the strongest full load import and export container volumes for the month since 2012. Year to date, imports for October rose to 117,665 TEUs from 106,236 TEUs seen in the same month last year, an increase of 11 percent. In addition, Octobe
Alpha Process Controls completed and supplied its LNG hose transfer system to the GNL Quintero regasification terminal in Chile.
Dutch marine services provider Van Wijngaarden Marine Services has ordered a Damen Shoalbuster 3512, bringing the total number of Shoalbusters in its fleet to five including the Noordstroom, also a Shoalbuster 3512, which was delivered in April 2016. The contract was signed between Van Wijngaarden a
Dutch marine services provider Van Wijngaarden Marine Services has ordered a Damen Shoalbuster 3512, bringing the total number of Shoalbusters in its fleet to five including the Noordstroom, also a Shoalbuster 3512, which was delivered in April 2016. The contract was signed between Van Wijngaarden a
Statoil has completed the $2.5 billion worth acquisition and took over operatorship of a license BM-S-8 located in the Santos basin offshore Brazil. Namely, the Norwegian and Brazilian oil giants, Statoil and Petrobras, have completed their transaction announced back in July, whereby Statoil has acq
The government of the Australian state of Victoria introduced a legislation on Tuesday to permanently ban hydraulic fracturing and coal seam gas.
African Petroleum, an independent oil and gas exploration company, has informed that the production sharing contracts for blocks LB-08 and LB-09 off Liberia have expired and will not be extended. The oil company reported on Wednesday that the PSCs formally expired in June 2016 and since this time Af
