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Oil & Gas

Analysis: global oil storage infrastructure is in trouble

The largest oil supply surplus the world has ever seen in a single quarter is about to hit the global market from April, creating...

COVID-19 outbreak adds further woes for the oil and gas industry

The recent coronavirus (COVID-19) outbreak is adding further woes for the oil and gas industry, which is already plagued by oversupply and declining prices. This...

Oil and gas discoveries at Evra and Iving exploration well

Lundin Petroleum AB (Lundin Petroleum) has announced that its wholly owned subsidiary Lundin Norway AS (Lundin Norway) as partner in PL820S, has made oil...

Total makes a new gas and condensates discovery in the North Sea

Total, Operator, and its partners have made an encouraging discovery with the Isabella 30/12d-11 well on the license P1820, located in the Central North...

Three companies launch LPG pool

Navigator Holdings Ltd. in collaboration with Pacific Gas Pte. Ltd. (Singapore) and Greater Bay Gas Co Ltd (HK) are pleased to announce the formation...

Large-sized discovery in southern Bohai basin

CNOOC Limited has announced that the Company made a large-sized discovery Kenli 6-1 in Bohai Bay, which is expected to be the first large-sized...

Deepwater acreage will continue to attract company interest through 2020

A significant portion of the acreage available in Q1 2020 is located in either deep or ultra-deep water, up from the previous quarter, according...

Island Offshore secures contracts for its LNG-fuelled vessels

Island Offshore has secured long-term contracts for several of its platform supply vessels. The two LNG-fuelled PSVs Island Crusader and Island Contender as well...

Train 3 of the Freeport LNG Project has reached the final commissioning stage

McDermott International, Inc., with its joint venture partners, Chiyoda International Corporation and Zachry Group, announced today that Train 3 of the Freeport LNG Liquefaction...

AIOC awards services contract in the Caspian Sea

Azerbaijan International Operating Co. (AIOC) has awarded Worley a contract for engineering, procurement and construction services as part of a gas lift project. AIOC...

Well completed on world’s first offshore carbon storage

Equinor and partners Shell and Total have completed the drilling of confirmation well 31/5-7 Eos south of the Troll field in the North Sea....

Maersk Drilling secures one-well contract offshore Egypt

Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt. The contract has an estimated duration of 21 days...

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