Offshore - Oil & Gas

  • Offshore gas project royalty would reap billions...

    The federal government could gain revenue of US$4.8bn ($6.4 bn) from Chevron’s Gorgon gas project between now and 2030 if it made offshore gas projects subject to a royalties regime, according to research from a Monash University academic.

  • Trelleborg wins key UAE engineering contract

    Trelleborg, a Swedish engineering group focused on polymer technology, has won a major engineering, procurement and construction (EPC) contract for an offshore oilfield development project in the UAE, said a report.

  • After OPEC cuts heavy oil, China teapot refiners...

    Chinese independent, or "teapot", refiners are bringing in rare cargoes of North American heavy crude in a new long-distance flow that traders say has only been made possible by Opec's output cuts — and ample supplies in Canada and the United States.

  • Oil: cause of, and solution to, Libya’s problems

    On last Friday’s anniversary of its revolution, Libya’s oil industry had been in chaos for six years. Large oil companies active there – ConocoPhillips, Hess and Suncor among them – have stopped including it in their forecasts.

  • Egypt becoming an energy superpower, UK being its...

    British ambassador to Egypt John Casson and UK trade envoy Sir Jeffrey Donaldson attended the first ever Egypt Petroleum Show (EGYPS), which is the largest oil and gas industry event to take place in North Africa, with the participation of over 40 British companies from English and Scottish trade missions, exhibiting strong British representation in all the panel discussions.

  • ExxonMobil awarded Pason Systems with global...

    ExxonMobil awarded Pason Systems with the first global license of its patented Drilling Advisory System. The agreement will accelerate the technology’s commercialization and combines the expertise of Pason in drilling data and the experience of ExxonMobil in drilling surveillance and optimization


Trump’s energy team: a big win for big oil?

Trump’s cabinet picks include a host of oil industry veterans and allies, including former ExxonMobil CEO Rex Tillerson as Secretary of State, former Texas governor Rick Perry as Secretary of Energy and climate change sceptic Scott Pruitt as head of the Environmental Protection Agency. With the oil lobby pushing for more access to offshore oil licences and regulatory reform, could this be the cooperative cabinet that the industry has been hoping for?


Qatar set to remain dominant force in global LNG industry

Qatar’s plans to develop an export-oriented gas project in the North Field, with a capacity of about 2bn cu ft a day will help the country consolidate its position as a major LNG exporter while satisfying the rising domestic demand for natural gas.


Oil spill brought under control in Sharjah

An urgent meeting was held before on Sunday in response to the oil spill off the Southern Coast of Kalba City in the Eastern region of Sharjah, which stretched over one kilometre of ocean.