Workers at three oil and gas platforms in the North Sea operated by Total have planned for a fifth set of a 24-hour on August 20,after failure to reach an agreement in the meeting with the French major on Thursday. Unite, UK’s biggest trade union today posted on twitter; “Unite met Total today where
Australia’s largest independent oil and gas company, Woodside Petroleum has released 2018 production guidance after registering tremendous development. The company is set to produce between 87 MMboe and 91 MMboe of oil and gas by the end of 2018, up from its previous expectation of 85-90 MMboe Woodside highlited in it’s H1 results. “Our base
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
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
Within a period of 15 months, Saudi Arabia has registered a tremendous increase in its crude oil exports to the United States of America. According to the preliminary vessel-tracking data done by Bloomberg, in the month of July, Saudi Arabia loaded 1 MMbpd onto tankers destined for the U.S. upgrading from June exports by 36%
Baker Hughes, a GE company has been awarded a contract by the South Gas Company of Iraq (SGC) for fast-track solutions to help the recovery of flare gas for Nassiriya andAl Gharraf [Garraf] oilfields. The importance of the project was highlighted by the attendance of several high-level officials, including Jabbar Al-Luaib, the Minister of Oil of Iraq, at the agreement-signing ceremony. As per the
Brazil’s state-run oil company Petróleo Brasileiro SA (PETR4.SA) has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA [ODBES.UL], Petrobras said in a securities filing on Friday. Petrobras’ board of directors approved the measure at a board meeting on Thursday, the filing said. Odebrecht has been at the center of