Petroceltic International has said the first of a four-well campaign in the Black Sea is to be plugged and abandoned after finding sub-commercial gas shows. The Kamchia-1 exploration well, in the Galata concession offshore Bulgaria,鈥
Tenaris announced it will invest $70 million to build a new sucker rods mill with a production capacity of 1,800,000 units per year, in order to reduce lead times and improve service for customers in the growing North American market. It鈥
Oilfield activity in the Mediterranean region was disrupted by extreme political events last year across northern Africa. The 鈥楢rab Spring鈥 revolutions in Egypt, Libya, and Tunisia, as well as the continuing conflict in Syria shut down most non-essential activity鈥
Repsol said its upstream unit was becoming its growth engine after posting a 56% growth in operating income to 鈧2.208 billion compared to a 6.1% drop in the firm鈥檚 overall net income.The firm said the increase in upstream business 鈥渄emonstrated鈥
Smit Lamnalco recently launched SL Gabon, the first tug branded under its new corporate identity, following the integration of Smit鈥檚 terminal handling activities with Lamnalco in July 2011. Built by Damen Shipyards Galati in Romania, this鈥
The land-locked Caspian Sea returned to offshore industry centre-stage last month with BP鈥檚 confirmation that front end engineering and design had begun for stage two of the huge Shah Deniz gas field development. Terry Knott reports.The Shah Deniz consortium鈥
