Statoil Transfers Polarled Pipeline to GasscoMay 5, 2017Statoil transferred the operatorship for the Polarled pipeline to Gassco on 1 May. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was delivered NOK 4.5 billion below budget.
Seadrill Agrees to Sell Three Jack-upsMay 2, 2017Seadrill Limited has announced that it has reached an agreement with Shelf Drilling to sell the
West Triton,
West Resolute and
West Mischief...
McKinsey Energy Insights Releases Global Oil Supply and Demand Outlook to 2030Apr 20, 2017McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its latest Global Oil Supply and Demand Outlook...
Survey Reveals Changing Attitudes to ProcurementMar 24, 2017The price of products and services trails other significant factors, such as value, lifecycle, and durability as a purchase priority, according to a recent independent survey of oil and gas professional...
Petrobras February Oil and Natural Gas ProductionMar 15, 2017Petrobras’ oil and natural gas production in February totaled 2.82 million barrels of oil equivalent per day (boed), with 2.703 million boed produced in Brazil and 113,000 boed abroad.
Seadrill Limited Announces Settlement of West Mira ArbitrationMar 13, 2017Seadrill Limited has announced that it has reached a settlement agreement with Hyundai Samho Heavy Industries Co Ltd. (HSHI) in relation to the
West Mira arbitration.
US DoE Announces Contract Awards for Sale of Strategic Petroleum Reserve CrudeMar 13, 2017The US Department of Energy’s (DOE) Office of Fossil Energy has announced contracts have been awarded from the recent sale of Strategic Petroleum Reserve (SPR) crude oil.
Brazil Announces Measures to Encourage Increased Investments in Oil and Gas SectorsMar 13, 2017The Brazilian federal government has announced a new policy to enhance and encourage investment in the oil and gas area in Brazil.
By Peter Howard Wertheim & Dayse Abrantes
ExxonMobil Plans Investments to Expand Manufacturing in US Gulf RegionMar 7, 2017Exxon Mobil Corporation is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of USD 20 billion over a 10-year period to take advantage of...
S&P Global Platts – OPEC Achieves 98.5% of Agreed CutsMar 7, 2017The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement...
Total and Petrobras Seal their Strategic AllianceMar 2, 2017Petrobras and Total inform that they have signed yesterday definitive contracts in relation to the package of assets contemplated in the Strategic Alliance...
Island Innovator Has Left HanøytangenMar 1, 2017Semco Maritime, Norway has completed the upgrade project on the rig
Island Innovator.
ExxonMobil Announces 2016 ReservesFeb 23, 2017Exxon Mobil Corporation has announced proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015.
Technology-Driven Changes to Consumption and Production of Energy Resources Could Save Global Economy USD BillionsFeb 18, 2017A new McKinsey Global Institute report shows technology-driven changes to both consumption and production of resources could save global economy USD 900 billion to USD 1.6 trillion by 2035.
Prolonged Low Oil Prices Force NOCs to Rethink Their Business ModelsFeb 17, 2017National oil companies (NOCs) are under pressure to evolve from a volume to value business model in a lasting low oil price environment, according to the EY report...
Statoil to Phase Out Combined Heat and Power Plant at MongstadFeb 16, 2017Statoil has decided to phase out the combined heat and power plant (CHP) at Mongstad following several years of unprofitable operations. The other operations at the complex will continue as before.
Platts China Oil Analytics – China Apparent Oil Demand in December Rose 2.3%Feb 13, 2017China’s apparent oil demand in December 2016 rose 2.3% year over year to 11.69 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global Platts...
OPEC Output Down to 32.16 Million b/d in January Reports S&P Global PlattsFeb 8, 2017The 10 Organization of the Petroleum Exporting Countries (OPEC) members obligated to reduce oil output under the landmark agreement signed late last year achieved 91% of their required cuts in January...
Exploration Portfolio ExpansionFeb 8, 2017MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway.
Global Maritime Brings Eagle Lyon Pope (ELP) to MarketJan 10, 2017Global Maritime Consultancy & Engineering, provider of offshore marine warranty, dynamic positioning and engineering services, has re-launched Eagle Lyon Pope (ELP)...
Wärtsilä CSSC Joint Venture Opens New Engine Factory in ChinaJan 10, 2017CSSC Wärtsilä Engine Co Ltd (CWEC), the joint venture company formed between Wärtsilä and China State Shipbuilding Corporation (CSSC), has formally opened its new production facilities located at Lingang, Shanghai.
New Seatronics Partnership Agreement with Force TechnologyJan 10, 2017Seatronics, an Acteon company and global provider of rental and sale of marine electronic equipment, has formed a new partnership agreement with Force Technology, an international technological consultancy company.
Hyperdynamics to Engage a More Advanced Drillship from Pacific DrillingJan 9, 2017Hyperdynamics Corporation has announced that it has accepted a proposal from its drilling contractor, Pacific Drilling, to deploy the
Pacific Scirocco drillship...
Statoil Completes Acquisition of Byrding InterestJan 3, 2017On 30 December 2016 Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in...
