Petrofac wins contract extension to support Iraq Crude Oil Expansion Project
Petrofac has secured a second contract extension worth about $106m to support South Oil Company's (SOC) Iraq Crude Oil Expansion…
Month: October 2014
Troubled waters – new developments in oil spill cleanup technology
We round up the most innovative oil spill recovery technologies including a chemically modified nanocellulose sponge from Switzerland’s Empa, new…
ByBrent drops towards $85 on strong US dollar and ample supply
The price of Brent crude oil dropped towards $85 a barrel today amid a strong US dollar and abundant oil…
Eni discovers oil in Minsala Marine exploration prospect, offshore DR Congo
Italian energy firm Eni has discovered oil in the Minsala Marine exploration prospect, located in the Marine XII Block offshore…
Offshore Technology Focus: Issue 24
In the latest issue of Offshore Technology Focus we examine the iconic Forities Field in the UK North Sea, look…
ByChevron and partners to invest $6bn in Stampede project in US Gulf of Mexico
Chevron and its partners will invest an estimated $6bn in the development of the Stampede project in the deepwater US…
Technip secures subsea contract for Bangka Development, offshore Indonesia
Technip has secured a subsea contract from Chevron Indonesia for the Bangka Development, located in the Rapak PSC area, about…
Oil falls below $87 on expectations that Federal Reserve may lift interest rates
The price of Brent crude oil dropped below $87 a barrel on Thursday amid expectations that the Federal Reserve may…