Upstream news
Oil demand ‘under threat’ from Trump trade war – Cantor Fitzgerald Europe
Jack Allardyce, oil and gas research analyst at Cantor Fitzgerald Europe, comments on the impact of the trade war on oil demand.
The Underwater Centre relaunches closed bell diving courses
Centre is the only provider in the world with a self-propelled hyperbaric lifeboat.
Xedia announces sale and expands capabilities as Blackbuck Resources
Blackbuck Resources receives significant equity commitment from Cresta Energy Capital.
Prospex Oil and Gas Plc: update on Tesorillo project, Spain
Tesorillo covers 38 000 ha in a proven hydrocarbon region and contains a known gas discovery, which is estimated to hold gross unrisked Prospective Resources of 830 billion cubic feet of gas (Best Estimate), with upside in excess of 2 trillion cubic feet.
Fairfield Geotechnologies awarded Gulf of Mexico ocean bottom node survey
The survey, located in water depths ranging from 2500 to 7250 ft., will employ two seismic source vessels and Fairfield Geotechnologies’ newest ocean bottom node technology, ZXPLR™.
NoMan cargo tank annual surveys completed with 90% mantime reduction
The EM&I NoMan® remote camera technology has now been used to complete all the annual cargo tank inspections on an FPSO in the North Sea.
Cub Energy Inc. announces results of NY-3 well and Recompletion of O-9 well in Eastern Ukraine
KUB-Gas LLC, Cub’s 35%-owned subsidiary which owns and operates the eastern Ukraine licenses, has announced the results of two recent operations.
Conditions to become more challenging for chemical companies warns ABB
Ability of technology to improve decision-making and drive profitability in global chemical manufacturing will be critical in meeting these challenge.
Europa Oil & Gas: new prospect inventory for Atlantic Ireland licences and launch of farmout
Europa Oil & Gas (Holdings) plc has announced that is has completed an updated prospect inventory for its 100% owned Frontier Exploration Licences (‘FEL’) 1/17 and 2/13 in the South Porcupine Basin, Atlantic Ireland.
GlobalData: gas windfall tax in Romanian offshore law to reduce attractiveness of Romanian Black Sea
Will Scargill, Senior Analyst at GlobalData, offers his view on the impact of these new tax measures.