West Texas Intermediate crude (WTI) fell below US$50/bbl, to $49.93/bbl, on 20 July for the first time since April, despite reports that Saudi Arabian exports have fallen to their lowest in five months. According to statistics published by the Energy Information Agency (EIA)…
Research from NEL, the flow measurement research and development specialist, reveals that the North Sea oil and gas sector could be misreporting more than £700million per year. This is due to its reliance on the American AGA-8 standard to measure gas composition of North Sea fields…
Italy's Eni has discovered gas at the Nooros exploration prospect in the Abu Madi West license, in the Nile Delta, offshore Egypt. Preliminary estimates of the discovery account for a potential of 15 Bcm of gas in place with upside, plus associated condensates…
GDF Suez' Cygnus Alpha compression module (ACM) sailed away from Heerema Fabrication Group's Hartlepool facility on the night of 20 July, marking the completion of last of four main structures built at the facility for the Cygnus development…
UK-based Cluff Natural Resources says it has made 'significant progress' on its plans for exploration drilling in southern North Sea licenses. The company was formed to exploit underground coal gasification (UCG), but it is also exploring for natural gas in the southern North Sea…
The weak oil market is causing a restructuring at Wärtsilä’s Ship Power business that will result in rebranding the company and a loss of 600 jobs that will ultimately save Wärtsilä approximately US$43 million (EUR 40 million) annually. Image…
Irish offshore explorer Providence Resources says recent seismic has offered promising data on the Diablo Ridge ridge prospect in the southern Porcupine Basin. Diablo Ridge is in frontier exploration license (FEL) 2/14 in the southern Porcupine Basin…
Image: seismic vessel/ Energean Mediterranean and North Africa-focused Energean Oil & Gas completed a new 3D seismic survey over the Prinos oil field and its surrounding licenses, in the Gulf of Kavala…
BATS Wireless announced the successful test and delivery of 10 of its stabilized microwave systems, including eight DVM ExP2 ATEX/IECEx Zone 1 systems for the Martin Linge Project – located off the coast of Norway. The systems, when installed…
Permasense has opened an Aberdeen office to demonstrate its commitment to upstream clients. This follows the recent launch of ET210 – Permasense’s product for the real-time monitoring of corrosion and erosion at upstream oil and gas assets…
The Norwegian Petroleum Directorate has granted Lundin Norway a drilling permit for well 7220/6-2, in the Neiden prospect, which contains 200 MMboe gross prospective resources. The drilling program for well 7220/6-2 relates to the drilling of a wildcat well in production license 609…
As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain. Setting aside both the deeply troubling social impact for Greek citizens and other…
Viking Supply Ships has extended the contract with Eni Norge for the Ice-classed AHTS Njord Viking. The vessel is now firm with Eni Norge till 31st December 2016. Further, the charterer has the option to extend the charter period with 2 x 6 months…
Statoil Petroleum awarded Baker Hughes an eight-year contract to design and supply production chemicals to the offshore Norne field and the deepwater Aasta Hansteen field in the Norwegian Sea. Work is anticipated to begin in July 2015…
Chevron Upstream Europe has installed a new topsides module on to its Brittania bridge linked platform, paving the way for the start-up of the Alder. The Alder high-pressure, high-temperature field was discovered in 1975, in Block 15/29a…
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