Harkand secures new contract to install Subsea Equipment for Apache

Harkand secures new contract to install Subsea Equipment for Apache  Harkand has been selected to deliver installation work to support Apache with its existing drilling campaign in the Nevis South Field in the North Sea says Subsea World News The project will see Harkand provide project management and engineering services and deploy its personnel and one …

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Noble in search of a new CFO as MacLennan resigns

Noble in search of a new CFO as MacLennan resigns According to Offshore Energy Today UK-based drilling contractor Noble Corporation announced on Monday that James A. MacLennan, senior vice president, chief financial officer and treasurer resigned effective February 26, 2016. The company stated that Dennis L. Lubojacky, vice president and controller, would serve as interim …

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Iran Sells South Pars Condensate to South Korea

Iran Sells South Pars Condensate to South Korea Bloomberg – Iran sold a light hydrocarbon liquid pumped from its South Pars fields to South Korea’s Hanwha Total Petrochemicals Ltd., as the removal of sanctions help it challenge producers of similar supplies such as Qatar. The National Iranian Oil Co. will load in April a cargo of …

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Petronas delays second FLNG unit due to poor revenue

Petronas delays second FLNG unit due to poor revenue Malaysian oil and gas company Petronas wrapped up an extremely difficult 2015 with a net loss and lower revenues amidst a depressed oil price environment. The company said on Monday it will reduce its spending in the 2016 which will impact the company’s current projects, including its second …

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