Oil & gas news

The purchase orders, the largest of which originates from a key Gulf Coast customer of Orbital’s with the balance secured from a second Gulf Coast energy operator, comprise custom analytical integration systems for two new fractionation units.

“2018 has been a record-setting year on many fronts,” said CEO Jan van der Tempel. “With our fleet back to full operational strength, we have seen moments of near full utilisation.”

Jack Allardyce, oil and gas research analyst at Cantor Fitzgerald Europe, gives his thoughts on expected oil growth for next year.

Hyundai Mipo Dockyard contracts with MacGregor to deliver a further 8 complete hatch cover sets.

Russia accounts for more than 90% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the Former Soviet Union (FSU) over the period 2018 - 2025, according to GlobalData.

According to ESAI Energy’s recent North America Watch, local refinery demand for light sweet crude will remain unchanged, so these new flows will double the surplus crude available for export.

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData.

In 2017, N-Sea launched their Golden Rules programme, embedding excellence in SHEQ (Safety, Health, Environment and Quality) across the business and has continued to see the benefits.

According to ESAI Energy’s recently released One-Year Global Fuels Outlook, the US gasoline surplus will expand by roughly 80 000 bpd next year as demand continues to plateau and output keeps rising.

ESAI Energy China Analyst Yao Wu comments on the developments behind China’s predicted oil demand growth.