African Petroleum says a new production-sharing contract with Ophir Energy is now in effect over the CI-513 license area offshore Côte d’Ivoire following ministerial approval. Read Full Article Here For more great articles: Offshore RSS Feed
Sen. Bernie Sanders (I-Vt.), seeking to become the Democratic Party’s candidate in this year’s presidential election, has called for a nationwide ban on hydraulic fracturing. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Buckthorn Partners and the Arab Petroleum Investments Corp. have acquired subsea equipment provider Ashtead Technology. Read Full Article Here For more great articles: Subsea News
Materials handling specialists J.D. Neuhaus (JDN) is set to present its concept study of a new stainless steel air hoist at the forthcoming CeMAT 2016 international exhibition. Read Full Article Here For more great articles: Offshore Technology
Total energy investments over the next 5 years in the Middle East and North Africa (MENA) will reach $900 billion, according to Arab Petroleum Investments Corp. (APICORP). Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Political tensions will likely keep Eastern Mediterranean offshore natural gas supplies from being developed soon, speakers told an Apr. 11 forum at Johns Hopkins University’s School for Advanced International Studies. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Light, sweet crude oil prices for May delivery climbed modestly on the New York market Apr. 11 to settle above $40/bbl, marking its highest front-month closing in about 3 weeks. Brent crude oil prices on the London market for June closed above $42.80/bbl, marking a 4-month high. Read Full Article Here For more great articles:…
By -Offshore Energy Today- By Alex Lawler LONDON (Reuters) – Oil rose above $43 (30 pounds) a barrel to its highest level so far in 2016 on Tuesday, supported by hopes that a meeting of oil producers will agree steps to tackle a supply glut, and by a weak U.S. dollar and further signs of…
By Offshore Energy Today Peter Coleman, CEO of Woodside, an Australian energy company, has called for a disciplined and staged approach to growth, in this time of the industry down cycle. Speaking at a conference in Australia, Coleman, the CEO of the company that last month decided to shelf the Browse FLNG project, acknowledged that…
By LNG World News Japan’s price of spot liquefied natural gas cargoes arriving in March averaged US$6.8 per mmBtu on DES basis. The price edged down slightly from the $6.8 per mmBtu during February, Japan’s Ministry of Economy, Trade and Industry (METI) said in its latest report. This is the lowest the price has been…