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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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