Offshore workers have decided to call-off the earlier planned strike in agreement to the newly proposed payment plan from management. According to the Unite, members working for Aker Solutions on the Mariner oil platform had voted in favour of the deal. Over 68% of Aker solution workers of an 88% turnout had accepted a new
The next episode of friction between Beijing and Washington could be staged in Iran, where a top Chinese energy firm, defying latest U.S. sanctions, is likely to expand its stake in a giant Iranian gas field. China National Petroleum Corporation (CNPC), the world’s third-largest oil and gas firm, has replaced Total, the French energy giant,
Petrofac has been awarded an Energy Performance Certificate with a contract worth around US$370 million by Basra Oil Company (BOC) for expansion of the central processing facility (CPF), located in the Majnoon field, Southern Iraq. Under the terms of the 34-month contract, the lump-sum EPC project scope of work includes two oil processing trains, able
The Government of Scotland has availed funds for the supply of oil and gas for the decommissioning of the North Sea infrastructure. An extra £5m sum has been dedicated to the Decommissioning Challenge Fund (DCF) fund that will re-open for a third round of financing. The DCF will help to support the country’s port infrastructure
The Government of India has opened a second phase of Discovered Small Field Policy (DSFC) bid worth Rs1tn ($14.46bn) and targeting over 25 discovered oil and gas reserves. The bidding round has been launched by the Union Minister for Petroleum & Natural Gas and Skill Development & Entrepreneurship, Shri Dharmendra Pradhan and will kick-off next
Uganda has started negotiations with Tanzania on importing natural gas that will be used as a reducing agent in steel and iron manufacturing. The minister for the Energy minister,Ms Irene Muloni, told Parliament’s Natural Resources Committee that discussions about depending on Tanzania for gas are still on-going. “Maybe as we build the pipeline for crude
A report released by the American Petroleum Institute on August 8,2018 indicated that supplies for Brent crude oil have fallen up to 6million barrels on the New York market. This was partly linked to the rise in the prices of the mineral making it hard for buyers to purchase. The prices for Light, sweet crude oil
Oryx Petroleum Corporation Limited announces that a wholly-owned subsidiary has entered into a Farmout Agreement with a subsidiary of Total S.A., providing for the transfer of the Corporation’s 30% participating interest in the Haute Mer B exploration license offshore Congo (Brazzaville) (“Haute Mer B”) to Total or an affiliate. All dollar amounts in this news
Prisoners in Osio in the northern Democratic Republic of Congo have, for an undisclosed period, been working in an illegal mine underneath a prison to extract diamonds. The illegal mine was only discovered recently after authorities raided the site. Prison officers and local people had before the raid set up temporary accommodation nearby to work
South African gold producers said that they had offered annual wage increases of up to 7.2 percent to underground employees and up to 4.5 percent for miners and artisans, after unions rejected a previous offer last week. Gold producers have argued that above-inflation wage hikes have been adding to the cost burden in the bullion