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      Australia offers 29 offshore blocks for bidding

      The Australian Government has identified 29 offshore oil and gas blocks for bidding during its annual Offshore Petroleum Exploration Acreage Release. The release comprises...

      Great Eastern Group takes delivery of two Seatronics’ predator ROV systems

      Global marine engineering services provider Great Eastern Group (GEG) has taken delivery of two Predator inspection-class remotely operated vehicle (ROV) systems from Seatronics. Integrated...

      Oil prices increase on Monday over supply concerns in Middle East

      Oil prices witnessed an increase on Monday over concerns that conflict in Iraq and Yemen could upset supplies. Front-month brent futures increased 65 cents...

      Wintershall to quit gas exploration in Qatar

      BASF subsidiary Wintershall is set to end its gas exploration operations in Qatar due to a lack of access to local infrastructure. The German company...

      Inpex’s $34bn Ichthys LNG project due to open in late-2016

      Japanese oil company Inpex has announced that its $34bn Ichthys project is set to open in late-2016. Inpex chief executive Toshiaki Kitamura told the...

      Crude oil prices recover larger fall in US crude stocks

      Prices of crude oil have recovered following reports of larger than expected drawdown of crude stocks in the US and strong economic data from...

      Kizomba Satellites Phase 2, Angola

      Kizomba Satellites Phase II involves development of the Kakocha, Bavuca and Mondo South satellite fields located within Block 15, approximately 150km off the coast...

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      US Polyethylene Export Market Report 2017-2020

      Petrochemical Update released a detailed new whitepaper today, the US Polyethylene Export Market Report 2017-2020 a large 60+ page report detailing the fast-changing US...

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      Enterprise SSD: More Than Just a New Kind of Hard Drive

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      Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

      Falling oil prices and collapsing profit margins are driving the industry to lower costs. Reducing labor costs and gaining supplier concessions can help, but...