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Modi’s $27B Oil Quest Gives Services Firms A Lifeline

June 28, 2016

India is offering global oilfield service providers starved of new contracts a $27 billion lifeline as the government’s ambition to cut fuel imports drives fresh investment. Spending plans are ratcheting up and stalled projects restarting after the government in March announced pricing freedom for natural gas from deepsea fields that begin production this year. Coming at… Continue Reading »

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Brexit – What’s next for investors?

June 28, 2016

A nation voted. With a 72.2% turnout, 17.4 million (51.9%) votes were cast to leave the EU, compared with 16.1 million (48.1%) to remain, according to the Electoral Commission. It was unlikely that a decision of such scale would take place without significant ramifications and as it stands, Brexit has divided the nation. The economy… Continue Reading »

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Vos Prodect contracted for cable hang-off testing

June 27, 2016

Vos Prodect Innovations has recently been contracted by Siem Offshore Contractors GmbH, regarding testing and delivery of sealed cable hang-off systems for the 2 x 155kV HVAC cables between 2 offshore substations in German waters. With respect to the scope of work, Vos Prodect has performed an endurance test with the HVAC cable, clamped in… Continue Reading »

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Canada Oil Output to Fall This Year on Wildfires, Low Prices

June 27, 2016

Canadian oil output is forecast to decline this year for the first time since 2009 after a wildfire in northern Alberta curtailed more than one million barrels a day for a month and low commodity prices hit producers. Total Canadian oil output will drop to 3.82 million barrels a day in 2016, less than the… Continue Reading »

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Greater Enfield oil development approved

June 27, 2016

Woodside advises that with Joint Venture participant Mitsui E&P Australia, the Greater Enfield Project has been approved for development. Located 60 km off Exmouth in Western Australia within Commonwealth waters the project will develop the Laverda Canyon, Norton over Laverda (WA-59-L) and Cimatti (WA-28-L) oil accumulations. These reserves will be produced via a 31 km… Continue Reading »

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Brexit: Adverse Impact for UK’s Oil, Gas Industry Unlikely

June 27, 2016

The people of the United Kingdom’s decision to leave the European Union is unlikely to have a major adverse impact on the country’s oil and gas industry, companies and organizations involved in the sector said. But they also called for clear leadership from the UK government on the way forward for the industry in order… Continue Reading »

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SapuraKencana Energy Sarawak Inc announces the signing of the SK310 upstream gas sales agreement for B15 gas field

June 27, 2016

SapuraKencana Energy Sarawak Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad (“SKPB”) has signed the SK310 Upstream Gas Sales Agreement (“UGSA”) in relation to the production of gas from the B15 Gas Field on Thursday, 23 June 2016, between Petroliam Nasional Berhad (“PETRONAS”) as Gas Buyer and the SK310 Production Sharing Contract (“PSC”) Contractors… Continue Reading »

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Oil Glut Is Fading Where You Would Least Expect: Saudi Arabia

June 27, 2016

Saudi Arabia, a country nearly synonymous with plentiful crude supplies, is offering one of the strongest signs yet that the glut that has plagued the oil market since 2014 is coming to an end. Despite near record production, the kingdom’s oil inventories have declined for six consecutive months, the longest stretch since the Joint Organisations… Continue Reading »

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Dstl – supporting National Women in Engineering Day 2016

June 23, 2016

Raising the profile and celebrating the achievements of women in engineering to encourage more girls to consider engineering as a career. Raising the profile and celebrating the achievements of women in engineering to encourage more girls to consider engineering as a career. Dstl’s Laura Jones supporting National Women in Engineering Day Across the UK women… Continue Reading »

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