The well confirms a volume potential of 50-70 million recoverable barrels of oil. The discovery more than doubles the remaining oil reserves to be produced through the Norne field. Originally planned to be shut down in 2014, the productive life of Norne has already been extended to 2036, which will generate substantial...
Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe from its Canadian owner. The deal will create the UK's largest independent supplier of well integrity services, with operations in Aberdeen and Great Yarmouth in the UK, and in Esbjerg in Denmark. Simmons Edeco Europe is...
Four modular combinations of Cometto self-propelled trailers MSPE 40t in side-by-side configuration have been involved recently in heavy duty movements by customer Marine Maroc. The project consisted of the transport of six diesel engines each weighing 215t and six generators each weighing 72t for the power plant of Kayes in Mali....
Global Data is forecasting that by 2023, China will account for 44% of Asian crude oil refining capacity; followed by India at 15% and Japan at 8%. China will drive the majority of growth in the crude oil refining industry in Asia between 2018 and 2023, according to GlobalData, a...
(Sponsored Content) EOS founder and CEO Jean Januard explains how Russian manufacturers of oil and gas equipment and new technologies can find new business opportunity in the Middle East - if they have a guide like EOS to help navigate the market.
Rosneft Deutschland GmbH, a Rosneft subsidiary, is engaged in direct marketing of all refined products produced by Rosneft Deutschland at three refineries in Germany where the company is a shareholder. The product range includes gasoline, diesel, heating oil, jet fuel, LPG, bitumen, fuel oil and petrochemical products. Rosneft Deutschland markets...
Oil prices continue to climb in response to a Russian - Saudi deal to cut production in the face of a likely global supply glut. New York Futures closed Wednesday at $52/bbl, shrugging off bearish U.S. demand data. Russia will meet its target for curbing output in April as part...
Evac, a global provider of integrated water and waste management systems, has acquired Transvac Systems a UK business specialized in distributing and servicing wastewater treatment systems, sanitary systems and ballast water treatment systems for ships and offshore platforms. The acquisition builds on Evac's expansion strategy which in May 2018 saw...
Shipments of West African oil to Asia are set to hit a two-month high in October as Chinese refineries scramble for alternatives to Iranian crude before U.S. sanctions take effect on Nov. 4, according Reuters reports. Loadings for Asia will rise to 2.52 million barrels per day (bpd) in October,...
The United States likely surpassed Russia and Saudi Arabia to become the world’s largest crude oil producer earlier this year, based on preliminary estimates in EIA’s Short-Term Energy Outlook (STEO). In February, U.S. crude oil production exceeded that of Saudi Arabia for the first time in more than two decades. In...