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Fugro has enhanced IRM capability with new ROV support vessel

15 hours ago DieselGasoil Comments Off on Fugro has enhanced IRM capability with new ROV support vessel
1/21/2019 SCOTLAND — Fugro is set to commence its first project using new multipurpose ROV support vessel, Edda Sun, with mobilization for the IRM contract planned for March 2019. With a recently announced two-year charter of the Edda Sun, Fugro has enhanced its IRM, construction and decommissioning support services in Europe. The Edda Sun is extremely versatile Read More

Oil hasn't started a year this hot since the turn of the century

3 days ago DieselGasoil Comments Off on Oil hasn't started a year this hot since the turn of the century
By Alex Nussbaum on 1/18/2019 Photo: Prudhoe Bay. NEW YORK (Bloomberg) — Oil hasn’t started off this strong in 18 years. After closing out 2018 in free-fall amid fears of a global supply glut and economic slowdown, U.S. crude prices have rebounded more than 18% to start this year. That’s the biggest climb over the Read More

Shell appoints new upstream director

5 days ago DieselGasoil Comments Off on Shell appoints new upstream director
1/17/2019 THE HAGUE — Royal Dutch Shell plc (Shell) has announced the appointment of Wael Sawan as upstream director with effect from July 1, 2019. Photo: Wael Sawan. In his new role, Wael will become a member of the Executive Committee and will take over from Andy Brown. Andy will remain available to Wael and Read More

CNOOC's Huizhou project starts production in the South China Sea

6 days ago DieselGasoil Comments Off on CNOOC's Huizhou project starts production in the South China Sea
1/16/2019 HONG KONG — CNOOC has announced that Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project has commenced production. Huizhou 32-5 oilfield comprehensive adjustment/Huizhou 33-1 oilfield joint development project is located in south-central part of the eastern South China Sea, approximately 170 km from Hong Kong, with a water depth of approximately 115 Read More

Russia starts gradual oil output cuts as OPEC+ deal kicks in

1 week ago DieselGasoil Comments Off on Russia starts gradual oil output cuts as OPEC+ deal kicks in
By Dina Khrennikova on 1/13/2019 Udmertneft field, Russia. Photo: Rosneft. MOSCOW (Bloomberg) — Russia is gradually reducing oil production in line with the OPEC+ deal and is on track to get about a fifth of the way toward its pledged cut this month. Preliminary data show the nation’s output has already fallen by more than Read More

Total has appointed new IR senior V.P.

2 weeks ago DieselGasoil Comments Off on Total has appointed new IR senior V.P.
1/11/2019 Photo: Total Senior V.P. Investor Relations Brendan Warn. PARIS — Brendan Warn has been appointed senior V.P., investor relations of Total, effective January 1, 2019. He succeeds Mike Sangster. Prior to joining Total, Mr. Warm was managing director and UK head of equity research at BMO Capital Markets in London. He has more than Read More

Equinor completes acquisition of the UK Rosebank project

2 weeks ago DieselGasoil Comments Off on Equinor completes acquisition of the UK Rosebank project
1/11/2019 Image: Equinor UK assets. STAVANGER — Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf. Rosebank further strengthens Equinor’s UK upstream portfolio which includes the Mariner development, expected to Read More

Tendeka secures major AICDs contract to boost oil recovery in Middle East

2 weeks ago DieselGasoil Comments Off on Tendeka secures major AICDs contract to boost oil recovery in Middle East
1/11/2019 ABERDEEN — Independent global completions service company Tendeka has secured a further multi-million-pound contract with a major national oil company in the Middle East. The agreement will see Tendeka provide reservoir modelling and the installation of its FloSure Autonomous Inflow Control Devices (AICDs) to boost production and improve reservoir performance in several mature fields. Read More

Lukoil has confirmed Eridu field geological model

2 weeks ago DieselGasoil Comments Off on Lukoil has confirmed Eridu field geological model
1/10/2019 ​ Oil derrick in Iraq. Photo: Lukoil. MOSCOW — Lukoil has successfully completed testing of the fourth well as part of Eridu field (Block 10) appraisal phase in the south of Iraq. The testing resulted in the commercial flow of dry crude oil that proves the current geological model of Eridu field as effective. Read More

Rowan has executed contract with ConocoPhillips for the Rowan Norway

2 weeks ago DieselGasoil Comments Off on Rowan has executed contract with ConocoPhillips for the Rowan Norway
1/10/2019 Rowan Norway jack-up rig. Photo: MarineTraffice/Steve Johnston. HOUSTON — Rowan Companies plc has announced that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS (“COPSAS”) for an estimated duration of seven months that is expected to commence in second-quarter 2019.  The contract award Read More