The view of an oilfield during sunset. for gas news.

Jun

Personal debt continues to worry as industry predicts better future

In a recent survey performed by Oil and Gas people in alliance with KPMG, more than 95% of the oil and gas workers reported that they suffered from financial problems due to the downturn in the oil industry. More than 50% of the respondents admitted an increase in debt over the years while 35% of […]

Jun

Oil industry needs more investment in exploration

Admin SynergenOG

oil and gas news

Aker Oil and Gas, north Sea Oil and Gas News

As demand continues to increase, the global oil industry needs to look for another North Sea or Iraq to meet the shortage of supply, says Majid Zafar, CEO of Crescent Petroleum. The problem of underinvestment lies in the image of the oil industry developed over the years. People think that it is dying and not […]

Oil rig in the middle of the sea Malaysia

Jun

Shell completes the sale of equity in Malaysia LNG Tiga

Admin SynergenOG

oil and gas news

Malaysian Oil and Gas, Shell Oil and Gas

Shell Gas Holdings (Malaysia) Limited made an announcement regarding the sale of equity in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) for US$750 million. The economic date of the transaction is Sept 1, 2017, and Shell has been paid a final amount of US$640 million after the dividend adjustments. The sale is in line with […]

Jun

OPEC works on a moderate output hike to win over Iran’s refusal

Admin SynergenOG

oil and gas news

Iran Oil and Gas, OPEC Oil and Gas News

Before the meet in Vienna, the OPEC members discuss a modest hike in oil output in order to strike a balance between Russia’s proposal for a big hike and Iran’s opposition for no change in production. A compromise in the output hike indicates that the resulting increase in supply might be lower than the […]

An oil refinery situated in a large open field for exploration.

Jun

Investors reflect confidence in the prospect of North Sea exploration

Admin SynergenOG

oil and gas news

Helicopters Oil and Gas, north Sea Oil and Gas News

Upland Resources has raised a fund of £3 million through a share placing, winning support from both existing and new investors. Upland also said that the fundraising will strengthen the balance sheet of the company ahead of a busy schedule which includes spudding of Wick well in the third quarter and other activities. The placing […]

A huge red oil rig labelled Borgholm Dolphin of saudi

Jun

Saudi Arabia floats a range of ideas for OPEC production boost

Admin SynergenOG

oil and gas news

Iran Oil and Gas, Oil and Gas News

Saudi Arabia, the world’s largest exporter of oil, has put forth several plans for a hike in the production of oil to the other OPEC members, as it aims to bridge the gap with Russia. Saudi Arabia has put up different scenarios to raise the oil output including a two-step hike to smoothen the effect […]

Jun

Bahrain Seeking Help From Oil Majors to Develop New Shale Discovery

Admin SynergenOG

oil and gas news

Bahrain has planned to invite international oil companies to help develop the first major discovery in decades. It hopes to begin production in 5-years. Currently, this oldest and smallest energy producer of the Persian Gulf derives most of its revenue from crude exports. However, its finances are under strain due to lower oil prices. This […]

Jun

Critical lessons from 6 major oil and gas industry accidents

Admin SynergenOG

Feature, oil and gas news

The oil and gas industry has seen some horrific incidents in its existence. Learning from these incidents help us understand what went wrong as well as figure out what could have been done differently. 1. Piper Alpha Disaster, North Sea, UK This is by far the deadliest accident in this industry which claimed 167 lives in […]

A graphic of integrated risk assessment Articles

May

Integrating risk assessment

Admin SynergenOG

Integrated Risk Management

The development of a quantitative risk assessment (QRA) study is an important pre-requisite of any oil and gas facility. Thong Wee Jun and Rachael Tee, Senior Engineers with Malaysia-based Synergen, explain why these should be integrated between multiple facilities located in the same industrial area to provide a more accurate representation of risk exposure. Worldwide, […]

Photograph of industry set up near the sea kruez.

May

Kruez commission for subsea support offshore of West India

Admin SynergenOG

News

The largest ever subsea services contract has been won by Kreuz Subsea. In this regard, the company will mobilize 5 vessels to provide subsea construction works for Indian engineering group Larsen and Toubro. Under the contract, Kreuz Subsea will help L&T install riser clamps, risers, crossing works, tie-ins, subsea trenching and hydro-testing of pipelines under […]

Home Page