The Programme Manager for the Nigeria Gas Flare Commercialisation Programme (NGFCP), Mr. Justice Derefaka, has disclosed that a market analysis carried on the NGFCP by the International Finance Corporation (IFC) of the World Bank showed that the programme would be profitable if implemented on certain premises. Derefaka, stated this in a recent presentation he made…
OSLO, Norway – ConocoPhillips Skandinavia has permission from Norway’s Petroleum Safety Authority (PSA) to use a new submarine cable at the Eldfisk complex in the southern Norwegian North Sea. This will transmit electrical power from Eldfisk 2/7 S to Eldfisk 2/7 B. In addition, ConocoPhillips can use the Island Constructor for well intervention activities on the…
Wellbore Integrity Solutions, an affiliate of Rhône Capital, has agreed to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility on Rankin Road in Houston from Schlumberger. HOUSTON – Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, has entered…
STAVANGER, Norway – Construction has started of the Johan Sverdrup Phase 2 processing platform topsides at Aibel’s yard in Haugesund. Project operator Equinor has also secured approval for the plan for development and operation (PDO) from the Norwegian Ministry of Petroleum and Energy. Phase 2, due to start up in 4Q 2022, will increase oil production…
ABERDEEN, UK – Arup and EnerMech are jointly offering a new digitized inspection service – Arup Inspection MInteg (AIM) – for the oil and gas industry. This is said to digitize the full inspection workflow via an automated process. EnerMech’s inspection division MInteg and Arup have signed a three-year agreement to perform inspections using AIM. They…
The Project Marks GE’s First Digital Solutions Order and First GT13E2 MXL2 Full Modules Configuration Gas Turbine upgrade installation in Sub-Saharan Africa ABIDJAN, Ivory Coast, May 14, 2019/ — GE’s (www.GE.com/Power) MXL2 Turbine Upgrade Will Help Increase Power Output by 30 megawatts (MW) at Azito’s plant in the Yopougon district of the Ivory Coast;…
The government of Mozambique has approved the development plan for the Rovuma LNG project, according to Mozambique Rovuma Venture. May 14th, 2019 Offshore staff MAPUTO, Mozambique – The government of Mozambique has approved the development plan for the Rovuma LNG project, according to Mozambique Rovuma Venture. This will produce, liquefy, and market natural gas from the deepwater Mamba…
Floating platform technologies will become increasingly important as global energy markets turn to offshore wind systems to meet demand for renewable energy, said a Stanford University official at the recent Offshore Technology Conference in Houston. TetraSpar floating offshore wind turbine platform concept Offshore staff HOUSTON – Floating platform technologies will become increasingly important as global energy…
Abuja — The Nigerian government has accused former President Goodluck Jonathan and his then oil minister of accepting bribes and breaking the country’s laws to broker a $1.3 billion oil deal eight years ago, a London court filing shows. The deal, in which Anglo-Dutch company Royal Dutch Shell and Italian peer Eni jointly acquired the rights…
London — Angolan crude set to load in June was down to its last few cargoes by Friday, traders said, but struggled to find buyers as China had already made its purchases earlier in the month and European refiners awaited lower prices. ANGOLA * The market was keenly watching the tightening of U.S. sanctions on Iran…
