UK North Sea spending plummets by $4bn amid Covid-19 restrictions

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‘Fast LNG’ floater proponent commits to construction

New York-based New Fortress Energy has issued a limited notice to proceed to a trio of US services companies for the construction of its first so-called “Fast LNG” floating gas liquefaction facility. Announcing that it had made a final investment decision on the Source

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Aquatic supports MPL Nigeria campaign

Aquatic has completed the work scope for Marine Platforms Ltd (MPL) to support its Anyala Madu project offshore Nigeria. The Acteon company supplied the personnel and equipment to assist with the installation of multiple, different sized products. Specifically, Aquatic provided an HLS c/w 50Te tensioner and overboarding chute, as well as a 400Te reel drive…

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DCN Diving sets up Nigeria entity

Dutch-based subsea contractor DCN Diving said it has set up a new entity in Nigeria. DCN Diving Nigeria Limited includes a new office, workshop and yard. The company will use the new place to maintain its in-country dive equipment and dive support boats. The new entity has already completed several projects in Nigeria including recently…

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Santos to give shareholders a vote on climate report

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ExxonMobil and Excelerate advance LNG project

US supermajor ExxonMobil, compatriot contractor Excelerate Energy and the Albanian government have signed a memorandum of understanding for the potential development of a liquefied natural gas project in the Port of Vlora in the country’s south. LNG would bring reliable and affordable energy diversity to Albania’s power supply portfolio — the nation relies on hydropower…

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TGS kicks off new coring campaign off Nigeria

Geoscience data provider TGS has restarted the geochemical coring project offshore Nigeria. The initiative is part of an anomaly targeting program focusing on the previous analysis of multibeam and backscatter data. This survey takes place in conjunction with Nigerian joint venture partner TGS-PetroData. The coring leg began on 15 October with completion expected in late…

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Haaland confirmed as US Interior Secretary

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Oil continues to fall on rising US stockpiles

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NNPC counters PPPRA, says no increase in fuel price in

Few hours after the Petroleum Products Pricing Regulatory Agency (PPPRA) released a monthly template showing an increase in the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Corporation (NNPC) Friday said the ex-depot price of the petrol remained unchanged. PPPRA template had increased the pump price, currently standing at N162 to N212.6…

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