OPEC daily basket crude price closes at $81.58 per barrel

27 September 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fifteen crudes stood at $81. More »

World’s tallest floating wind turbines to be powered by ABB transformers

*Breakthrough transformer solution from ABB helps to tap new offshore regions for wind park development 27 September 2018, Sweetcrude, Lagos — ABB has been selected to deliver its pioneering WindSTAR transformers specifically designed for floating wind turbines, to MHI Vestas Offshore Wind, a joint venture between Vestas Wind Systems A/S and Mitsubishi Heavy Industries (MHI). More »

Caspian Pipeline Consortium sees 2019 crude shipments over 65m tonnes

27 September 2018, News Wires — Caspian Pipeline Consortium (CPC) plans to increase crude shipments to more than 65 million tonnes next year from this year’s expected 60-61 million tonnes, CPC chief executive Nikolai Gorban said on Wednesday. More »

Atlas Oranto Petroleum launches construction of two schools in South-Sudan

*Estimated at over US$800,000, *Dynamic Supplies & Construction Limited clinches award 27 September 2018, Sweetcrude, JUBA, South Sudan — Oranto Petroleum Ltd Oranto, has completed the award of a contract for the construction of two primary schools to be located in Yirol and Rumbek, two communities located in central South Sudan and northwest of Juba, … More »

Mexico’s shale patch, cartel violence scares off drillers

27 September 2018, News Wires — The oil and gas fracking boom has lured scores of drillers to the Eagle Ford region of South Texas, the second largest U. More »

Chevron receives interest in major North Sea field stake

27 September 2018, News Wires — U. More »

Trelleborg takes delivery of a 185 ton hyperbaric pressure vessel

27 September 2018, Sweetcrude, Lagos — Trelleborg has taken delivery of the first of two 185 ton hyperbaric pressure vessels, marking a significant milestone in the large-scale investment in the new test facility at its offshore operation in Skelmersdale, England. More »