Airborne Oil & Gas B.V. has been awarded a contract from TOTAL to supply a TCP (Thermoplastic Composite Pipe) Jumper for a deepwater project in West Africa. The field is located approximately 93.2 mi (150 km) offshore in water depths…
Category: Feature Articles
Oil and gas in the capitals
One of the most overlooked items that contributed to a soft oil market during 2018 was domestic oil demand in OPEC countries in general, the Gulf States in particular, and especially in Saudi Arabia. One important component of domestic Saudi…
Why a Libyan oilfield grab could be a boon or bane for exports
Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities. The operation, if successful, could put Haftar in control of most of Libya’s oil fields…
Crude spirals to 18-month low amid global economic concerns
Crude fell to the lowest level in a year and a half as concerns over the global economy and turbulence in Washington overshadowed signals from OPEC that it may deepen output cuts. Futures slid 6.7% in a shortened Christmas Eve…
OPEC is in ‘whatever it takes’ moment to prop up oil prices
OPEC hasn’t even started implementing its new six-month agreement to cut output, and already members responsible for most of the reductions have pledged to extend or even deepen it. Officials from Iraq, Kuwait and the United Arab Emirates agreed with…
What industry leaders expect for 2019
By all measures, most of 2018 has been an improvement on 2017, which was markedly better than 2016. And yet, it hasn’t taken much to remind industry professionals of how tenuous the global oil market can be. After sailing along…