Tag Archives: Offshore Technology

The Russian majority state-owned multinational energy corporation Gazprom has resumed oil production in Libya following a ten-month hiatus. The ports, export terminals and production facilities in Libya have gradually restarted operations, according to a report by the Russian news agency Tass. The managing director of Gazprom’s subsidiary Gazprom EP International, …

ExxonMobil subsidiary ExxonMobil Exploration and Petronas Suriname Exploration & Production (PSEPBV) have discovered hydrocarbons offshore Suriname. The companies have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52. Drilled by operator Petronas, the latest discovery is being examined to determine the well’s resource potential. Block 52 covers an area …

Oil prices have slipped after Libyan commander Khalifa Haftar said his forces would lift the eight-month blockade of oil exports. Furthermore, rising Covid-19 cases added to the concerns regarding fuel demand. However, a tropical storm passing towards the US Gulf of Mexico restricted further losses. Brent crude LCOc1 fell by …

Oil prices have dropped due to surging Covid-19 cases around the world despite OPEC+ stating that it is fully adhering to supply cuts to support prices. Brent crude futures decreased by $0.22 to reach at $45.15 a barrel while the US West Texas Intermediate (WTI) futures fell by $0.23 to …

Qatar Petroleum’s North Field expansion projects will be continued, said the state-owned company’s president and CEO and minister of state for energy affairs Saad Sherida Al-Kaabi. During a webinar organized by the US-Qatar Business Council, Al-Kaabi noted that the project is expected to raise Qatar’s LNG production capacity from 77 …

Oil has plunged nearly 30% as Saudi Arabia cut its official selling price (OSP) after OPEC’s supply cut pact with Russia collapsed. Over the weekend, Saudi Arabia had cut its OSP for April for all crude grades to all destinations by between $6 and $8 per barrel. The world’s second-largest …

Fiber optic sensing solutions have proven themselves invaluable in protecting pipelines. perimeters and borders around the world.

Under this initiative. both the firms plan to increase energy supplies in the state and south-eastern Australia.

The discovery in Glengorm follows Total Energy’s success at the Glendronach field in the North Sea.

For most of the past year. China and the US have been locked in a trade dispute disrupting the flow of goods.