GlobalData expects that over $142bn will be spent on 97 upcoming oil and...
Aibel to upgrade Njord Bravo FSO vessel offshore Norway
Aibel has secured a contract from Statoil to upgrade the Njord Bravo floating storage and offloading (FSO) vessel in the Norwegian Sea.
BP and Reliance sanction ‘Satellite cluster’ project for KG-D6
BP and Reliance Industries (RIL) have sanctioned the ‘Satellite cluster’ project, the second phase of the integrated Krishna Godavari Dhirubhai 6 (KG-D6) development in India.
Oil prices fall slightly, but remain near three-year highs
Oil prices have dipped marginally, but stayed close to the three-year highs reached on 19 April.
Oldham Unveils New Infrared Sensor for OLCT 100 Detector
3M Group subsidiary Oldham is delighted to announce its latest low-maintenance infrared sensor system, which has been specially developed to accurately detect the presence of refrigerant gases and sulphur hexafluoride (SF6).
Eni secures approval to develop Merakes field offshore Indonesia
Italian exploration and production firm Eni has secured the approval for the development plan for the Merakes field located offshore East Kalimantan, Indonesia, from the country’s Minister of Energy.
Deals and M&As this week: NYK Line, Repsol, TechnipFMC
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line) plans to raise ¥10bn ($93.3m) in a public offering by issuing green bonds due 2023. The transaction is expected to be completed by May.
Fine Tubes to Showcase 60,000psi High-Performance Tubing at OTC 2018
Fine Tubes is pleased to announce that the company is set to exhibit its range of high-quality offshore tubing solutions at this year’s Offshore Technology Conference (OTC), which is scheduled to take place from 30 April to 3 May in Houston, Texas, US.
New offshore projects drive capex in North America
GlobalData expects that over $142bn will be spent on 97 upcoming oil and gas fields between 2018 and 2025.
Oil prices hit highest levels in more than three years
Oil prices have reached their highest levels in more than three years on account of a decline in US crude stockpiles and Saudi Arabia’s continuing support for stabilising the markets.
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