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Kvaerner awarded contract for offshore preparations and recycling of the Gyda offshore platform

2 days ago DieselGasoil Comments Off on Kvaerner awarded contract for offshore preparations and recycling of the Gyda offshore platform
20 September 2019 – The Gyda platform operated by Repsol has produced oil and gas at the Norwegian continental shelf since 1990. Kvaerner has now been awarded a contract from Allseas for offshore preparations assistance, onshore disposal and recycling of the platform when it is decommissioned. Kvaerner will work together with Allseas at the field Read More

Exxon puts $15 billion of global assets up for sale

3 days ago DieselGasoil Comments Off on Exxon puts $15 billion of global assets up for sale
By James Thornhill on 9/19/2019 SYDNEY (Bloomberg) –Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said Read More

Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns

4 days ago DieselGasoil Comments Off on Analysis: Vietnam turns to US crude as Middle East jitters raise energy security concerns
Highlights BSR to buy 2 mil barrels of WTI Midland crude for Q4 delivery Light sweet Nigerian Bonny Light crude also on shopping list Government removes import tax on crude oil Singapore — Vietnam is feeling the pressure to secure adequate crude supply as geopolitical tensions in the Middle East continue to raise Asia’s energy Read More

Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO

5 days ago DieselGasoil Comments Off on Feature: IMO 2020 mandate creates Singapore-Fujairah arbitrage for LSFO
Singapore — The fuel oil market has started to see International Maritime Organization-compliant marine fuel being shipped from Singapore to Fujairah, several market participants told S&P Global Platts, confirming expectations of imminent changes to global trade flows for residual fuels going into 2020. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More

Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project

6 days ago DieselGasoil Comments Off on Dril-Quip, Inc. Announces Termination of Contract Award for Ca Rong Do Project
HOUSTON, Sept. 16, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today announced that the contract award between its subsidiary Dril-Quip Asia Pacific Pte Ltd. and Repsol for the supply of drilling Top Tensioned Riser (TTR) systems for the Ca Rong Do (CRD) project located offshore Vietnam has been terminated.  The contract was awarded in Read More

Consortium of oil and gas operators awards blockchain pilot contract

2 weeks ago DieselGasoil Comments Off on Consortium of oil and gas operators awards blockchain pilot contract
9/11/2019 HOUSTON – The Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded Data Gumbo its first contract to implement a pilot blockchain in water haulage. This pilot is the first industry-wide use of a blockchain-native network for water haulage, and the consortium will tap the power of GumboNet for real-time data transparency Read More

Exclusive: Repsol in advanced talks to buy Exxon assets in Gulf of Mexico – sources

2 weeks ago DieselGasoil Comments Off on Exclusive: Repsol in advanced talks to buy Exxon assets in Gulf of Mexico – sources
(Reuters) – Spanish oil giant Repsol SA (REP.MC) is in advanced talks to acquire some deepwater assets in the U.S. Gulf of Mexico from Exxon Mobil Corp (XOM.N) for about $1 billion, three people familiar with the matter said on Monday. FILE PHOTO: An Exxon gas station is seen in Houston, Texas, U.S., April 30, Read More

Oil Search woes in Papua New Guinea throw spotlight on Alaska

2 weeks ago DieselGasoil Comments Off on Oil Search woes in Papua New Guinea throw spotlight on Alaska
MELBOURNE (Reuters) – With a giant gas project expansion in the tropical highlands of remote Papua New Guinea bogged down by politics, the country’s biggest company, Oil Search (OSH.AX), is turning for growth to the other side of the world in Alaska’s frozen wilderness. Participants pose for a photo with a Papua New Guinea flag Read More