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25 May 2018
OGA awards 123 licences under 30th Offshore Licensing Round
The Oil and Gas Authority (OGA) has granted 123 licenses of more than 229 blocks or part-blocks to 61 companies under the 30th Offshore Licensing Round.
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25 May 2018
Repsol awards framework agreement to HydraWell to plug on NCS
Repsol Norge (Repsol) has granted a frame agreement to HydraWell for technology and services for its plug and abandonment (P&A) on the Norwegian continental shelf (NCS).
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24 May 2018
Culzean field’s three fixed platform topsides completed at Sembcorp
Three fixed platform topsides intended for the High-Pressure High-Temperature (HPHT) Culzean gas field in the UK North Sea have been completed at Sembcorp Marine Admiralty Yard.
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24 May 2018
PJ Valves wins two contracts to supply valves for FPSOs
PJ Valves, a manufacturer of valves for the global energy industry, has secured two contracts worth $3.5m for the supply of valves for FPSOs (floating, production, storage and offloading).
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24 May 2018
Oil prices drop due to increase in US crude inventories
Oil prices dropped due to an increase in US crude inventories and the prospect of a rise in OPEC production since 2016 to offset concerns of reduced supply from Venezuela...
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23 May 2018
Telford Offshore secures new contract in Mexico
Telford Offshore has secured a new topsides, subsea and accommodation support services contract from Protexa in the Gulf of Mexico.
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23 May 2018
Kosmos Energy to re-spud well offshore Suriname
Kosmos Energy has revealed plans to re-spud the Anapai-1 well in Block-45 offshore Suriname as it encountered stability issues at the shallow bore hole.
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23 May 2018
Oil prices drop due to potential increase of OPEC output
Oil prices dropped due to a potential increase in OPEC output to cover any deficits in supply from Iran and Venezuela.
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22 May 2018
Azinam to carry out drilling campaign offshore Namibia
Oil and gas exploration company Azinam has unveiled plans to undertake a multi-well drilling campaign offshore Namibia over the next 24 months.
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22 May 2018
Oil prices jump on fears of further drop in Venezuela’s crude output
Oil prices have increased due to growing fears regarding a potential drop in Venezuela’s crude output after the country witnessed a disputed presidential election.
