UK independent oil company Premier Oil is poised to award a front-end engineering and design contract early in the new year on its promising Tolmount gas discovery in the UK southern gas basin, writes Rob Watts.
A steel-cutting ceremony at the Rosenberg WorleyParsons fabrication yard in Stavanger signalled late last week that work has started at all the facilities building five platforms for the first phase of the Johan Sverdrup oil development off Norway.
The former Soviet republic of Uzbekistan has confirmed that Shavkat Mirziyoyev is its new president after elections following the death in September of Islam Karimov, who had led the nation for 27 years.
Last week’s Opec agreement, along with the promised participation of non-Opec Russia, to cut production was in many ways inevitable, but took eight months and some tough decisions to bring about, writes Vahe Petrossian.
Crude output from the BP-led Azeri-Chirag-Guneshli (ACG) oilfields development is expected to have dipped slightly during 2016, BP-Azerbaijan vice-president Bakhtiyar Aslanbeyli told reporters in Baku this week, writes Kama Mustafayeva.