De-risking the FPSO Renaissance
Floating production, storage and offloading vessels (FPSOs) are in the ascendancy. The total FPSO market is now expected to grow to over $117 billion by 2024. A combination of factors, such as the recovered oil price and renewed interest in deeper…
Libya Negotiating for Two Refineries
Libya's official government is in talks with British Virgin Islands-based Pavilion Recovered Oil to build two small refineries, one in the east and the other in the south of the oil producer, it said on Tuesday. The refineries would each have a production capacity of 6…
Beach Energy's Western Flank Oil Discovery
Beach Energy Ltd informed that it had made a new Birkhead Formation oil discovery at Stanleys‐1 in PRL 171 (Beach 40% and operator, Drillsearch 60%). It has provided the following initial results from the first development well of the second Bauer Field pad drilling campaign.
BSEE Allocates $6m for Oil Spill Research Projects
The Bureau of Safety and Environmental Enforcement (BSEE) will invest up to $6 million to support oil spill response research projects in 2015 and is soliciting proposals for these projects. In a Broad Agency Announcement (BAA) released…
