Sep

N-Sea Starts Work on £30M North Sea IRM Campaign

A 3 year inspection, repair and maintenance project has started in central and northern North SEA for an undisclosed oil and gas company done by Netherlands-based subsea services provider, N-Sea. It will utilise N-Sea vessels and project crews for both vessel based and daughter craft-based diving plus ROV operations as stated in the contract. The […]

Sep

OPEC Sees Slower 2019 Oil Demand Growth, Warns On Economy

oil and gas news

OPEC had trimmed its forecast that the global oil demand growth in 2019. With the risk of economic outlook going down plus new challenge in efforts to keep up the support for the market next year. The world would require 32.05 million bpd (barrel per day) from its 15 members in 2019 , said OPEC. […]

A labour carrying two oil containers in both the hands gas.

Aug

Shell Sees Gas as Answer in Nigeria

oil and gas news

nigeria, Oil & Gas News

Royal Dutch Shell Plc is feeling optimistic that fossil fuel is the answer to Nigeria’s decades of crude theft, pollution and oil-related corruption matters. Shell, the oil major, is planning to develop the domestic energy market with natural gas in Nigeria. Natural gas is abundant, difficult to steal, better for the environment and could potentially […]

stena_don_drilling_rig_offshore simulators

Aug

Stena Getting Offshore Rigs Back to Work with Simulators

oil and gas news

Drilling, Oil & Gas News, Simulators

Simulators are going to be used to ensure the rig reactivations are faster, smoother and safer to all the crew members, new and experienced. For the very first time, Stena and advanced developer and manufacturer, Drilling Systems, are working together to combine competency assessment and coaching in-the-field with the On-the-Rig (OTR) simulator. Stena highlighted that […]

Aug

U.S. considers oil sanction waivers as new Iran penalties start

oil and gas news

Iran Oil & Gas News, Oil & Gas News

The Trump administration is considering partial exemptions against Iran’s oil for certain countries. The US starts non-oil penalties against the Islamic Republic starting today. The US is weighing case-by-case exemptions for some countries from the next set of sanctions — which take effect in 90 days — targeting Iranian oil exports.

Jul

Saudi Arabia offers more oil in Asia as OPEC raises supply

oil and gas news

Iran Oil and Gas, Oil and Gas News, opEC Oil and Gas

Date: 17 July 2018 Saudi offer extra crude volume in Asia as OPEC leader plans high output Saudi Arabia is offering extra oil in addition to its normal supply to some of the buyers in Asia as the OPEC leader plans to increase output, heeding to the call of U.S President to increase the oil […]

Jul

WoodMac: OPEC to remain key oil supplier until 2040

oil and gas news

Oil and Gas News, opEC Oil and Gas

Date: 16 July 2018 Woodmac: OPEC will continue to be a key player in oil market till 2040 According to a report by Wood Mackenzie, OPEC will continue to be an important player in the oil market until 2040. The global natural resources consultancy also reported that it expects continued growth in production through the […]

Jul

Tidewater Inc. takes over GulfMark as offshore drilling heads for recovery

oil and gas news

Oil and Gas News

Date: 16 July 2018 Tidewater Inc. is all set to expand its territory to the North Sea basin in UK where a 30% rise in the prices of oil since 2016 end has led to increased rates for operators. Tidewater Inc. announced that it was going to take over GulfMark Offshore Inc. to create a […]

Jul

Production of oil unmoved amid protests says Iraq

oil and gas news

Iran Oil and Gas, Oil and Gas News

Date – 7/16/2018 Iraq says oil output remains unchanged in the face of protests Residents in the southern province of Basra started protests last week asking for employment at the major oil fields in the country which are run by international players such as Lukoil PJSC and ExxonMobil Corp. Iraq has seen regular protests […]

Natural gas CNG refinery in a large space news.

Jun

CNG holdings educates sectors on alternative fuel during expo

oil and gas news

CNG, fuel, natural gas

CNG Holdings aims to educate the equipment manufacturers and the private sector about the various benefits of Compressed Natural Gas (CNG) during an expo to be scheduled on July 11th and 12th at the Kyalami International Grand Prix Circuit and Conference Centre. Wayne Williams, the Group Sales and Marketing manager of CNG Holdings talks about […]

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