Oil And Gas News

North Sea Platform Abandoned Over Fears it Could Topple Into the Sea

Canadian Natural Resources have initiated a complete down-man of their Ninian South Platform over fears that the platform may not be able to withstand forecasted weather on Thursday the 7th of December. Concerns came after it was identified that the brace on the platforms jacket is defective, meaning that the forecasted 16m waves on Thursday have the potential to cause a

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Workforce should be Lebanese moving forward

Energy Minister Cesar Abi Khalil Monday said 80 percent of the workforce in any future oil sector must be Lebanese. “We made sure to put in the book of terms the minimum requirement that 80 percent of the workforce in this sector must be Lebanese,” Abi Khalil said at a news conference from the Energy Ministry. “We are working to

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Statoil greenlights key $6 billion oil project

Statoil gave the final go-ahead to a flagship Arctic oil project after slashing costs by half. While expected, the move by Norway’s biggest oil company is a boost to a region seen as key to arresting a decline in the country’s production. In a striking illustration of how oil companies have adapted to lower prices, Statoil cut estimated investments at

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Sinopec sues Venezuela

Sinopec USA, a subsidiary of the Chinese oil and gas conglomerate, has sued Venezuela’s state oil company PDVSA in a U.S. court, claiming it never received […]

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MOL assets up for sale

The shake up in the North Sea is set to continue with Hungarian oil giant MOL reported to be planning to sell its assets off the […]

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Lack of interest in Norwegian oil licensing round

Norway’s attractiveness as an oil region took a hit on Tuesday when energy authorities said 11 oil firms applied for stakes in exploration blocks off Norway […]

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Worker Dies Aboard Petrobras’ Drillship

A worker died on board one of the drillships operated by Brazil’s oil and gas producer Petrobras. The accident occurred on Petrobras America’s drillship Petrobras 10000 […]

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TechX to invest millions in start-ups and SMEs – BP announced as strategic partner

Today marks the launch of TechX – a unique technology accelerator and incubator focused on helping smaller, ambitious technology developers take their solutions to the oil […]

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North Sea oil and gas firms collaborating

Sea oil and gas companies have got better at collaborating amid the challenges posed by the oil price plunge since 2014 but still have lots of […]

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Oil dips on rising U.S. fuel stocks

Oil prices dipped on Wednesday, as refined product inventories in the United States rose in what the market interpreted as a sign of lacklustre demand. A […]

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