Petroceltic International has said the first of a four-well campaign in the Black Sea is to be plugged and abandoned after finding sub-commercial gas shows. The Kamchia-1 exploration well, in the Galata concession offshore Bulgaria,…
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It…
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The ‘Arab Spring’ revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity…
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to €2.208 billion compared to a 6.1% drop in the firm’s overall net income.The firm said the increase in upstream business “demonstrated…
Smit Lamnalco recently launched SL Gabon, the first tug branded under its new corporate identity, following the integration of Smit’s terminal handling activities with Lamnalco in July 2011. Built by Damen Shipyards Galati in Romania, this…
The land-locked Caspian Sea returned to offshore industry centre-stage last month with BP’s confirmation that front end engineering and design had begun for stage two of the huge Shah Deniz gas field development. Terry Knott reports.The Shah Deniz consortium…
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