ProSep Inc. has been awarded contracts for the supply of three ProMix proprietary crude blending systems for a total value of approximately $3 million. These compact systems will be installed on three newbuild offshore platforms commissioned by a Latin American producer operating in the Gulf of Mexico, to efficiently blend light crude into heavy crude, [...]
Leighton Offshore recently announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil Export Expansion Project (ICOEEP) Phase 1 in Iraq. The first tanker [...]
March 12, 2012 | Posted in
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![UK: Bridge Sells Duart Oil to Shell]()
Bridge, the Oslo Axess-listed oil and gas exploration and production company signed an agreement in December 2011 for the crude oil sales from the Duart field with Shell Trading and Shipping Company (“STASCO”). The acquisition of a 50% equity interest in the Duart field from Nexen was completed in December 2011 for an adjusted consideration [...]
During the period 2001–2010, there has been a significant reduction in the number of acute crude oil spills on the Norwegian continental shelf. The reduction was greatest during the first years of the period, while the number of spills following this remained stabile for several years. In 2010, the number has declined again, but it [...]
![Small Oil Fields to Push Vietnam’s Crude Oil Output Up]()
Vietnam is expected to raise its crude oil output by 6.7 percent next year to 16 million tonnes, drawing more from fields both offshore and… Reporting by Ho Binh Minh; Editing by Ramthan Hussain (Reuters) Source:Reuters ,September 26, 2011;
![Ithaca Energy Inc. Fourth Quarter 2010 Production and Operational Update (UK)]()
Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that combined production in the fourth quarter averaged 8,754 barrels of oil equivalent per day (“boepd”) gross (4,148 boepd net to [...]
![USA: Hess Corporation Announces Capital and Exploratory Budget of $5.6 billion for 2011]()
Hess Corporation announced 2011 capital and exploratory budget of $5.6 billion, nearly all of which is targeted for Exploration and Production: $3.1 billion for production, $1.6 billion for developments and $900 million for exploration. John B. Hess, Chairman and CEO, stated, “We are pleased to have a global portfolio of attractive investment opportunities. We expect [...]
![Iraq: Leighton Offshore Wins $733 Million Crude Oil Export Facility Project]()
Leighton Offshore announced the signing of an EPC contract with Iraq’s South Oil Company to install three single point moorings (SPMs) and 120 kilometres of 48- inch pipelines in the Arabian Gulf, offshore Iraq. The project will provide enhanced export facilities from the Fao Terminal near Al Basrah, and forms a major part of the [...]
October 25, 2010 | Posted in
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