Wood awarded engineering, construction contract for Wintershall’s Brage platform

Wood awarded engineering, construction contract for Wintershall’s Brage platform

Wood has secured a new call off from Wintershall to provide engineering and construction services. The more than £11 million contract is for the delivery of engineering, procurement, construction. Wood has been awarded an $8million contract by ADNOC Refining to deliver pre-front end engineering and design (pre-FEED) for a new refinery in Ruwais. Awarded under an existing framework agreement signed in 2016. According to Wood, the firm will provide topside modifications to enable the tie-in of subsea equipment. The award is for a state-of-the-art refinery with a capacity of 600,000 barrels of crude oil per day. The assignment will be managed from Wood’s Bergen location. The Snorre assets...

Canadian heavy crude slips as pipeline rationing set to rise

Canadian heavy crude slips as pipeline rationing set to rise

Heavy Canadian crude prices widened to the biggest discount against New York futures this year. The securities watchdog in the Canadian province of British Columbia has said that it has no remit to regulate troubled crypto exchange QuadrigaCX. A Canadian collector is looking to get rid of the 55 Volkswagen buses he’s accumulated. Oil prices tumbled lower as a unexpectedly large increase in U.S. crude inventories. Western Canadian Select, an oil sands benchmark, traded at $15/bbl below West Texas Intermediate futures Tuesday. The British Columbia Securities Commission (BCSC) said Thursday that, as Vancouver, B.C.-based QuadrigaCX was not trading in securities or derivatives. The ad...

ADES wins two onshore contracts in Saudi Arabia

ADES wins two onshore contracts in Saudi Arabia

ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East. Advanced Emissions Solutions, Inc. ( ADES ) will begin trading ex-dividend on February 15, 2019. One stock that might be an intriguing choice for investors ADES. It commonly happens in stock investing that investors miss the chance of buying winning stocks. It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. A cash dividend payment of $0.25 per share is scheduled to be paid on March 07, 2019. The pollution Control space is seeing...

Lukoil’s 2018 proved reserves totaled 101%

Lukoil’s 2018 proved reserves totaled 101%

President of LUKOIL Vagit Alekperov and Sergey Gaplikov, signed a Protocol to the Agreement. LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company will support a range of regional administrative initiatives. Among other things. Lukoil announces the results of the reserves assessment and independent audit as of Dec. 31, 2018. It’s cooperated between the company and the region, at the Russian Investment Forum in Sochi today. The company has so far concluded contracts to drill 57 production wells, including 54 wells. The average capacity of the 32 wells operating currently at the field is...

Venezuelan oil finds home in India as U.S. shuns shipments

Venezuelan oil finds home in India as U.S. shuns shipments

Sen. Marco Rubio, in Colombia to tour an area where U.S. humanitarian aid has been sent to help Venezuelans. President Donald Trump and his Colombian counterpart, the two Western Hemisphere leaders with the most at stake in ousting Nicolás Maduro. For the past four years, Carlos Vecchio was a fixture at Venezuelan restaurants in Doral. India is feasting on Venezuelan oil, after the U.S. imposed a de facto ban on crude imports from the Latin American nation. The moment of truth is approaching, when they will have to decide whether they will issue orders. In White House to search for a way to get...

Gazprom sign subsea production equipment contract

Gazprom sign subsea production equipment contract

Gazpromneft-Aero, the aviation fuel operator of Gazprom Neft, has sold 5 million tonnes of jet fuel. A Gazprom delegation headed by Alexey Miller, CEO of Gazprom. A unique for the industry multilateral well with 8 branch holes by the fishbone technology. Alexey Miller, chairman of the Gazprom management committee, and Yan Novikov, chairman of the management board. The fueling milestone was delivered to an Aeroflot Airlines aircraft flying to Phuket, Thailand. As part of the visit, a meeting between Alexey Miller and Wang Yilin took place in Beijing. The length of the productive hole is 5.1 km, the total drilling rate is 9.1 km. At the...

Rowan receives clearance for Ensco merger

Rowan receives clearance for Ensco merger

The Burlington County Prosecutor’s Office and Rowan University are teaming up to provide students in the University’s Law. Students in the Henry M. Rowan College of Engineering at Rowan University will put their design skills to work. Rowan last month announced the creation of the Division of Diversity, Equity and Inclusion (DEI). Rowan Companies plc has announced that it has received clearance from the United Kingdom’s Competition. Justice Studies program with a firsthand look at the inner workings of the law and justice system through internships. On this February starting the Engineering Hall bridge (third floor) in the College at Rowan University. DEI...

Kenya summons envoy to Somalia over disputed oil territory

Kenya summons envoy to Somalia over disputed oil territory

Kenya has declared its northern neighbour Somalia an enemy state for allegedly auctioning oil and gas. Director of Criminal Investigations (DCI) George Kinoti has summoned city billionaire businessman Humphrey Kariuki. It is a week since the deadly hotel attack in Nairobi.  Kenya summoned its ambassador to Somalia after the Horn of Africa neighbor decided to auction offshore oil. Foreign Affairs Principal Secretary Macharia Kamau said the auction took place on this February in this year in London. Mr Kariuki and his directors are expected to present themselves at the Directorate of Criminal Investigations (DCI) headquarters. The East African nations have been embroiled in a maritime dispute....

Maersk Supply Service completes fleet renewal program

Maersk Supply Service completes fleet renewal program

Danish maritime industry giant A.P. Moller Maersk is still aiming to sell its offshore drilling. Offshore support vessel operator Maersk Supply Service has seen its Aberdeen team grow in the past two years. Offshore vessel firm Maersk Supply Service is getting ready for the tow of a Singapore-built FSO unit. Maersk Maker, the final vessel of Maersk Supply Service’s Starfish AHTS newbuilding series. The company in 2016 split its business into one focused on shipping and logistics. To achieve this, the company in 2016 brought in Duncan Harris as UK Country Manager. Maersk Oil bought by Total in March, and until recently a sister company...

Shutdown of historic field forces Dutch to look abroad for gas

Shutdown of historic field forces Dutch to look abroad for gas

Dutch with energy contracts with variable rates, can expect higher electricity and gas bills from next month. This paper forms part of an OIES Gas Programme research theme focusing on the most important national gas in market. The Dutch are proud of the way they have created a country by fighting back the ocean. After decades of supplying itself and its European neighbors with natural gas, an era has officially come to an end for the Netherlands. As per the report it’s affects about half of Dutch households. The rationale behind these papers is that individual markets have specific characteristics and complexities. The tiny village...