Refining

WoodMac: What's behind the boost in Libya's oil production?

20 mins ago DieselGasoil Comments Off on WoodMac: What's behind the boost in Libya's oil production?
Effective export capacity will be constrained by damage to the key ports of As Sidrah and Ras Lanuf limiting production to a maximum of 1.25 MMbpd,  National Oil Corporation’s (NOC) previously announced 2017 year-end target. Reaching this would be quite an achievement, given ongoing challenges, including international oil companies’ reluctance to recommit capital and expertise, Read More

Petrobras contracts FPSO for Sepia field, in the Santos basin

20 mins ago DieselGasoil Comments Off on Petrobras contracts FPSO for Sepia field, in the Santos basin
10/20/2017 RIO DE JANEIRO — Petrobras informs that on Oct. 13, 2017 it signed a contract with Modec Group to charter a FPSO platform to be used at the Sepia field development project, derived from the Transfer of Rights Agreement, located in the pre-salt of the Santos basin. The project considers the interconnection of up Read More

BSEE lends expertise in Louisiana oil platform fire investigation

20 mins ago DieselGasoil Comments Off on BSEE lends expertise in Louisiana oil platform fire investigation
10/20/2017 NEW ORLEANS — An engineer, an inspector and an investigator in New Orleans with the Bureau of Safety and Environmental Enforcement are lending their expertise to the Jefferson Parrish authorities to assist with the investigation of the recent oil and gas platform explosion and fire in state waters. The Bureau regulates oil and gas Read More

Rosneft, Saipem sign strategic cooperation agreement

2 hours ago DieselGasoil Comments Off on Rosneft, Saipem sign strategic cooperation agreement
10/20/2017 MOSCOW — Rosneft and Saipem SpA signed strategic cooperation agreement at the X Eurasian Economic Forum in Verona. The document was signed by Rosneft CEO Igor Sechin, and Saipem CEO Stefano Cao. The Agreement provides for deepening of interaction of the parties in a number of areas including oil field services, localization of designing Read More

Gazprom Neft begins production of its own drilling oils

2 hours ago DieselGasoil Comments Off on Gazprom Neft begins production of its own drilling oils
10/20/2017 MOSCOW — Gazpromneft-Lubricants, operator of the Gazprom Neft lubricants business, has become the first company in Russian Federation to start producing oils for the production of drilling fluids using its own technology. The range includes four import substitutes under the Gazpromneft Drilline brand name, with total production volumes of up to 5,000 tonnes per Read More

Eldar Sætre to continue as Statoil’s CEO

2 hours ago DieselGasoil Comments Off on Eldar Sætre to continue as Statoil’s CEO
Statoil CEO Eldar Sætre. Photo: Statoil. 10/20/2017 STAVANGER — Statoil’s board of directors and chief executive Eldar Sætre have agreed that Sætre will continue as CEO after he turns 62 in February 2018. Eldar Sætre will thus not use his contractual right to retire at the age of 62. “It has been a wish from Read More

Canada’s NOIA asks members to contact officials over “crippling” environmental proposals

2 hours ago DieselGasoil Comments Off on Canada’s NOIA asks members to contact officials over “crippling” environmental proposals
10/20/2017 HOUSTON — Fearing that Canadian federal officials could upset the relatively healthy Newfoundland and Labrador offshore sector, the Newfoundland and Labrador Oil & Gas Industry Association (NOIA) is calling on its membership to contact these officials and bombard them with comments and concerns. NOIA’s Call to Action comes in the wake of recently proposed, Read More

Egypt calls for less LNG in tender as domestic gas boost looms

2 hours ago DieselGasoil Comments Off on Egypt calls for less LNG in tender as domestic gas boost looms
By Anna Shiryaevskaya and Dan Murtaugh on 10/20/2017 LONDON and SINGAPORE (Bloomberg) — Egypt is paring down its requests for liquefied natural gas. State-run Egyptian Natural Gas Holding Co. is seeking 12 LNG cargoes for delivery in the first quarter of 2018 in a tender, according to two people with direct knowledge. That compares with more than Read More

BP chairman announces retirment, board launches search for successor

2 hours ago DieselGasoil Comments Off on BP chairman announces retirment, board launches search for successor
10/20/2017 LONDON — BP has announced that Carl-Henric Svanberg has informed the company’s board of directors of his intention to retire as chairman. Svanberg will chair the annual general meeting to be held in May 2018 and will remain in position until a successor is in post. Ian Davis, the BP board’s senior independent director, Read More

Aker Solutions wins order for world's largest umbilicals system

4 hours ago DieselGasoil Comments Off on Aker Solutions wins order for world's largest umbilicals system
10/20/2017 OSLO — Aker Solutions won an order valued at more than NOK 1.6 billion to deliver the largest umbilicals system ever. The contract entails delivery of 250 km of steel-tube umbilicals linking a subsea development to an existing offshore platform.  “We are honored to have been selected to work on this project, which is Read More