State's Oil and Gas Lease Sale Brings $30 Million to Wyoming Coffers

State’s Oil and Gas Lease Sale Brings $30 Million to Wyoming Coffers

Wyoming earned close to $30 million last week, the most it’s made in an oil and gas lease sale since the height of the boom in 2011. In its first online auction for nominated leases on state land, the Office of State Lands and Investments offered 85,882 acres in 192 parcels, all of which were sold. The auction, which closed March 8, was considered a success by state officials, eager…

East Coast to Open for Oil and Gas Tenders

East Coast to Open for Oil and Gas Tenders

Government opens 50,000 sq km despite opposition from council, iwi and hapu. DESPITE opposition from Gisborne District Council and East Coast iwi and hapu, the Government has opened up an area of nearly 50,000 square kilometres off the East Coast for oil and gas exploration tenders. The initial “block offer” for the Pegasus-East Coast offshore area was 75,180 sq km but was reduced to 49,630 sq km following consultation. It…

Federal Budget Shows Little Interest in Canadian Oil and Gas — It Could Have Been Worse

Federal Budget Shows Little Interest in Canadian Oil and Gas — It Could Have Been Worse

After the approval of two oil pipelines late last year, Justin Trudeau’s budget shows little interest in the future of Canadian oil and gas. It even eliminates a couple of what it calls “inefficient fossil fuel subsidies” that will hurt exploration and investment. Meanwhile, the budget doubles down on subsidies and other incentives for green energy. It’s as if the election of Donald Trump didn’t happen, pipelines are no longer…

Oil & Gas M&A Just Broke All Records

Oil & Gas M&A Just Broke All Records

I talked yesterday about prime oil and gas assets coming for sale in Asia. And some new data this week shows it’s not just that part of the world where M&A deals are surging. In fact, 2017 has been the best year ever for petro-deals, so far. Numbers reported this week from M&A specialists Dealogic showed that total oil and gas transactions in the first six weeks of the year…

Ruhrpumpen Supplies Seawater Lift Pump Package for Cyrus FPSO

Ruhrpumpen Supplies Seawater Lift Pump Package for Cyrus FPSO

Ruhrpumpen has announced the successful commissioning of a seawater lift pump package on the Cyrus floating production storage and offloading (FPSO) vessel owned and operated by Avantgarde Petroleum Co. The package consists of three main pumps (vertically mounted ZW 20x16x30 model) and one startup seawater lift pump (vertically mounted ZW 12x8x19 (A) model). The pumps were manufactured, tested and commissioned by RP India and designed by RP Specialists in Mexico.…

Abersea Engineering and Raisepower Announce Merger

Abersea Engineering and Raisepower Announce Merger

Aberdeen firms Abersea Engineering and Raisepower have merged to form a new company Mesh Global, turning over about £7million a year. Abersea, which won the gong for business success under three years at last year’s Elevator Awards, specialises in mechanical, electrical, software, bespoke system design/manufacturing and project management and consultancy services for a wide range of clients. It has teamed up with Raisepower, specialists in the refurbishment, assembly and testing…

Subsea Expo 2017: Industry Chiefs to Investigate Further Benefits of Small Pools

Subsea Expo 2017: Industry Chiefs to Investigate Further Benefits of Small Pools

Industry chiefs will lift the lid on how small pools can be tapped to give the North Sea a new lease of life at an event in Aberdeen next month. About 350 unsanctioned discoveries containing more than 3 billion barrels of oil are still in the UK continental shelf, according to the Oil and Gas Authority (OGA). Most of the small pools are near existing infrastructure, though some will require…

Oil Price Recovers After Shaky Start to 2017

Oil Price Recovers After Shaky Start to 2017

Recent sessions have seen a resurgence for oil benchmarks with the front month contract in Brent rising back above the $56 a barrel level. Despite the OPEC deal to cut output beginning officially at the start of the year, there was some notable weakness in the market with a rally early on during the first session of the year to new highs being met with strong selling. Prices have failed…

Public Barred from Attending Next U.S. Oil, Gas Auction

Public Barred from Attending Next U.S. Oil, Gas Auction

The United States government on Friday announced that the next auction of offshore oil and gas blocs scheduled for this August would be livestreamed online and closed to the public. The move by the Bureau of Ocean Energy Management (BOEM) comes after hundreds of protesters at a prior auction in March at the Mercedes-Benz Superdome in New Orleans disrupted the proceedings. The activists who purportedly belonged to the growing “keep…

Aker Solutions Secures Contract from Idemitsu

Aker Solutions Secures Contract from Idemitsu

Aker Solutions has recently secured a contract from Idemitsu Oil and Gas Co., Ltd. to provide engineering services for the development of oil and gas resources in the Nam Con Son basin offshore Vietnam. The nine-month contract is for front end engineering design (FEED) work for the Sao Vang and Dai Nguyet developments in the Idemitsu-operated blocks 05-1b and 05-1c in the Nam Con Son basin. “We are pleased with…