This year was like no other for oil prices. Even as global prices end the year at about $51 a barrel, near the average for 2015-2017, it masks a year of volatility. In April, U.S. crude plunged deep into negative territory and Brent dropped below $20 per barrel…
Romanian oil and gas company OMV Petrom has agreed to sell its onshore oilfields in Kazakhstan, and focus on the Black Sea region.OMV Petrom said Tuesday it had signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM)…
BP's closely watched Ironbark exploration well offshore W. Australia, which partners had hoped could unearth 15tcf of gas, has not encountered hydrocarbons, not in significant volume anyway.Beach Energy, BP's partner in the project, said Tuesday that the well had been drilled to a total depth of 5…
Danish offshore wind developer Ørsted has agreed to sell a 50 percent stake in its 605 MW Greater Changhua 1 offshore wind farm in Taiwan to a consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Taiwanese private equity fund Cathay PE…
The Russia-led Nord Stream 2 consortium said on Monday it has completed laying pipes for the project in German waters, finishing work on a 2.6 kilometer-long portion of the pipeline, which had been stalled by the threat of U.S. sanctions.'We have completed this work…
Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore's KrisEnergy Ltd and the government, both parties said on Tuesday, bringing an end to years of delays.Prime Minister Hun Sen…
In 2017, the Brazil National Petroleum Agency (ANP) issued a failure mode alert: stress corrosion cracking (SCC-CO2) triggered by the presence of CO2 in high-pressure pre-salt conditions had been identified as the cause of broken tensile armor wires on a certain flexible pipe installation…
South Korean ballast water treatment system provider Techcross has won a contract to install its ElectroCleen System (ECS) aboard six vessels and barges owned by offshore installation giant Heerema Marine Contractors.According to info on Techcross' website…
China's ZPMC has launched the Ulstein-designed JSD 6000 deepwater heavy-lift pipelay vessel at its facilities at Qidong. According to information shared by Ulstein via social media, the JSD 6000 was launched Sunday, December 27. The dynamically-positioned ‘JSD 6000’ is will feature heavy lift…
Colombian oil and gas company Ecopetrol has informed that Shell has completed the previously agreed acquisition of 50 percent interest in three Colombian deepwater oil and gas blocks.The two companies signed an agreement in February which entailed…
Andrew Furey, Premier of Canadian province Newfoundland and Labrador, has announced financial support for the Hibernia offshore oil and gas project, operated by Exxon-led Hibernia Management and Development Company Ltd. (HMDC).HMDC operates the giant Hibernia Oil platform…
Dutch offshore installation services company Jumbo has shared a video of its recently completed mooring installation for Energean's Karish gas development in the Mediterranean Sea, offshore Israel.On behalf of the main EPCI contractor for Karish offshore works TechnipFMC…
The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may have been completed…
Australian oil and gas player Talon Petroleum has recently been awarded three new exploration licenses in the UK Central North Sea (UKCS). The new license awards were part of the recent 32nd Offshore Licensing Round offered by the UK Oil and Gas Authority…
Brazilian oil company PetroRio has signed an agreement to buy a 1974-built semi-submersible drilling rig for one dollar.The company earlier this month said it had signed a deal with Ventura for the acquisition, for US$ 1.00 (one US Dollar), of the Atlantic Zephyr rig…
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