Kosmos Energy Ltd. said it expects to resume development drilling on Ghana’s multibillion-dollar TEN deepwater oil and gas project in early 2018, rather than around the end of this year as it previously expected.
With Asia still the world’s largest market for LNG and accounting for 70% of global consumption, Japan has announced that it is making available US$10 billion for investment in government and private joint ventures to support the expansion of the Asian LNG industry.
By the end of September 2017, the first half of the current fiscal year 2017/2018 ended and the average Kuwaiti oil price for September scored US$ 52.3 per barrel, up by US$ 3.8 per barrel, 7.8%, from August’s average price of US$ 48.5 per barrel. It is also higher by US$ 7.3 per barrel, 16.2%, than the new budget hypothetical price of US$ 45 per barrel.
Again, oil and gas contractors in Indonesia urge the government to clean up bureaucracy (red tape) in this sector in order to make the investment climate more attractive, and hence trigger more (much-needed) investment in Indonesia's oil and gas industry.
The National Oil and Gas Gateway is the first publicly available website with oil and natural gas well-level data from multiple states. The website was created as a collaborative initiative among the U.S. Energy Information Administration; the Groundwater Protection Council (GWPC) and its member states; and the U.S. Department of Energy’s Office of Oil and Natural Gas, part of the Office of Fossil Energy.
Corvus Energy is pleased to announce that it has been selected as the supplier of lithium ion based energy storage systems (ESS) for two platform supply vessels (PSVs) being retrofitted with hybrid power systems.
Sheffield Forgemasters has won a major contract with Shell for offshore castings for use in the Gulf of Mexico (GoM).
The U.S. Department of Energy announced an $18.5 million investment in an R&D consortium that will investigate technical issues related to the installation of wind turbines on the U.S. continental shelf. Industry members of the research group will contribute funding and will benefit from the study’s technological developments. In addition, $2 million will be allocated to DOE’s national laboratories to support the consortium’s activities.
Officials in Equatorial Guinea say ExxonMobil has struck oil with the Avestruz-1 well drilled by the company in October. It’s now being assessed for its commercial potential.
Oil & Gas UK today welcomed a new initiative to spur innovation in the UK's offshore oil and gas sector.
Pakistan and Russia have reached an understanding to sign a multi-billion dollar offshore gas pipeline deal in a couple of weeks, ignoring pressure from the United States that has fiercely opposed the building of Iran-Pakistan (IP) gas pipeline for years.
Statoil has signed a contract with SBM Offshore for delivery of the turret mooring system on the floating production ship (FPSO) for the Johan Castberg field.