Australian Government Opens Up 28 Areas for Energy Exploration. A new initiative from the Australian government seeks to greatly expand the nation’s ambitions for energy exploration with 28 new areas opened up off the western coast.
ExxonMobil Needs Alternative For Exporting Nigerian Oil. Damage to a pipeline that exports Qua Iboe crude oil could take months to complete. Now, the oil giant is exploring potential opportunities to export via another smaller pipeline.
Statoil Submits Plans For Cross-Border Reserve Field. Norwegian company Statoil has turned its focus to developing the Utgard discovery, between the martitime borders of Norway and the UK, with production expected to begin by late 2019.
More Job Cuts Coming to SBM Offshore. The Netherlands-based company announced at least 650 positions worldwide will be cut this year as part of a new restructuring plan and an effort to generate savings of at least $70 million.
Vantage Drilling Reports Net Loss in 2Q. Vatnage Drilling saw a net loss of $35.7 million last quarter, after already posting a net loss of approximately $64.8 million in the first quarter.
IEA And Media Outlets Are Getting Oil Totally Wrong. Are we in a glut or are we re-balancing? The IEA and the media can’t seem to make up their minds. Tell us what you think on the contradictory information.
IKM Subsea Awarded Statoil Contract. IKM Subsea has been awarded a ten year $90 million contract for “ROV and Subsea services for Visund and Snorre B” with Statoil.
No Leaks From Grounded Transocean Winner Rig In Scotland. While thousands of gallons of diesel oil were lost from the Grounded Transocean Winner Rig off the shore of Scotland, no pollution has been detected near the rig.
Time Running Out In Papua New Guinea LNG Project Dispute.Landowners in the Hela region are threatening to forcefully enter the country’s LNG facilities and shut down the well taps supplying gas, as government officials continue to negotiate over protests that they owe locals years of royalties.
Oman And Iran To Avoid UAE Issues With Pipeline. Officials in both Oman and Iran will be changing the design of an undersea natural gas pipeline to avoid running into territory controlled by the United Arab Emirates as the project continues to evolve in its late stages.
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