Osbit Secures DeepOcean Plough Upgrade to Support Nord Stream 2 Pipeline

Osbit Ltd, the offshore engineering and technology company, has secured a project with DeepOcean to deliver a significant upgrade to a subsea plough, enhancing its capabilities for the installation of a new gas pipeline. DeepOcean’s Advanced Multi-Pass Plough (AMP500) will be deployed to the Baltic Sea for the construction of the 1,200km Nord Stream 2

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Addax Petroleum Workers Begin Strike Action

Workers of Addax Petroleum Development Nigeria Limited, a subsidiary of Addax Petroleum, have announced the commencement of an indefinite strike action against the Management of the company. The workers’ action was sequel to the expiration of the ultimatum the company’s chapter of PENGASSAN gave the management led by Mr. Klappa over “some unresolved burning issues.” The strike

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Eni Approves Development Plan for Merakes Discovery, Offshore Indonesia

Eni announces the approval of a development plan for the Merakes field, offshore East Kalimantan, Indonesia. The energy minister granted approval just three months after the submission of the plan and less than 11 months after Eni started production from its deepwater Jangkrik asset in Muara Bakau, Indonesia. The Merakes field is estimated to hold

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Oil Cutoff Threatened as Canada Provinces Feud Over Pipeline

Canada’s inter-provincial fight over Kinder Morgan’s Trans Mountain pipeline escalated as oil-producing Alberta threatened to cut off fuel shipments to neighboring British Columbia. Alberta on Monday introduced legislation allowing it to halt exports of oil and gas to B.C., ramping up pressure on the coastal province to drop its opposition to the pipeline expansion. Alberta

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