The U.S. Department of Interior’s Assistant Secretary for Land and Minerals Management Joe Balash has announced that region-wide Gulf of Mexico Lease Sale 252 generated $244,299,344 in high bids for 227 tracts covering 1,261,133 acres in federal waters of the Gulf of Mexico. A total of 30 companies participated in the lease sale, submitting $283,782,480 in all bids.
Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said.
The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties with respect to the development, construction and operation of the project. Equinor, one of the companies involved, could sign the accord after the talks, according to the emailed statement.
Italian energy giant ENI through its subsidiary Var Energi AS announced a North Sea oil and gas discovery on Tuesday in production license 869.
Var Energi, jointly owned by Eni with a 69.6 percent share and by HitecVision with a 30.4 percent interest, found oil and gas by drilling exploration well 24/9-14S and horizontal appraisal well 24/9-14A in the Froskelar Main prospect, according to the company's press release.
A ceremony was held In the Yamal-Nenets Autonomous Area to mark the launch of full-scale development of the Kharasaveyskoye field. Attending the event were Alexey Miller, chairman of the Gazprom Management Committee, Dmitry Artyukhov, governor of the Yamal-Nenets Autonomous Area, and heads of Gazprom’s relevant subdivisions and subsidiaries.
Semco Maritime are pleased to announce we have been awarded the full quayside stay management, logistics and services for the Transocean Leader during the stay in Invergordon between contracts. Working alongside and as a valued member of the local supply chain, Semco Maritime shall be providing management of local contractors, full quayside and national logistics, construction activities, and providing valued and economical services to our client, Transocean.
Oil and Gas People has learned that BALPA (The British Airline Pilots Association) will ballot its members for strike action, in a dispute with CHC Helicopter.
BALPA the union that represents CHC pilots in the North Sea has issued a memo to members advising of the Ballot.
The action comes after CHC failed to make an acceptable pay offer at the last failure to agree meeting and then allegedly failed in a promise to refer the matter to ACAS who would provide mediation services between the two parties. CHC have now offered to arrange a third party mediator but BALPA have already started with the member ballot after accusing CHC of deliberately trying to frustrate the process. In its memo to members BALPA said:
The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil blend – the Bonny Light – was among the top price earners in its February Oil price Reference Basket (ORB), with a 7.7 per cent price gain from where it previously traded in January.
Vitol, the world's largest independent oil trader, said Tuesday it was looking to place further bets on low-carbon, renewable energy, while still expecting global oil demand to continue to grow until the mid-2030s.
Reporting its 2018 revenue and trading volumes, the privately-held trader said it was considering how its "skill sets can best be deployed" in developing and trading alternative sources of energy to fossil fuels.
The technology group Wärtsilä has successfully tested its remote guidance service, thereby creating an entirely new dimension in vessel repair and maintenance operations. Through real-time communication using voice-controlled Augmented Reality (AR) wearables and remote guidance software, ship crew members, field service engineers and shipyard personnel can communicate with shore-based experts anywhere in the world. The tests were carried out onboard the ‘Huckleberry Finn’, a RoRo ferry operated by TT-Lines, while sailing between Trelleborg, Sweden and Travemünde, Germany.
A FORMER senior Scottish Office official has told The National that an independent Scotland should seek “compensation” from the UK Government for £100 billion worth of “misappropriated” oil revenues.
Writing in today’s paper, Jim Cuthbert, who worked in the Treasury, before becoming the Scottish Office’s chief statistician, says the question of recompense is tied up with the debate over what currency an independent Scotland would use.
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