Business

North Korea still evading petroleum sanctions: US’ Pompeo

North Korea continues to evade international sanctions on petroleum exports, mainly through illegal ship-to-ship transfers,… …read more Read more here:: https://www.platts.com/latest-news/oil/Washington/North-Korea-still-evading-petroleum-sanctions-10517597 Learn more

Offshore activity pickup expected going forward: Schlumberger, Baker Hughes/GE CEOs

Development still dominates offshore sector, but more exploration seenOffshore exploration, drilling spend should… …read more Read more here:: https://www.platts.com/latest-news/oil/Houston/Offshore-activity-pickup-expected-going-forward-10517047 Learn more

Saudi Arabia keeps status quo on oil exports, but supply risks still abound

The pressure on Saudi Arabia to pump more crude has lessened over the past few… …read more Read more here:: https://www.platts.com/latest-news/oil/London/Saudi-Arabia-keeps-status-quo-on-oil-exports-21120665 Learn more

Van Oord to Demo New Suction Bucket Solution on Deutsche Bucht OWF

Financial close has been reached for two pilot wind turbines at the Deutsche Bucht Offshore Wind Farm. The project will test Mono Buckets, a new type of foundation structure, equipped with a 8.4 MW… [[ This is a content summary Learn more

UK Forties crude set for disruption on Total workers’ strike

The UK’s Forties crude flows look set for disruption as the Unite trade union prepares… …read more Read more here:: https://www.platts.com/latest-news/oil/London/UK-Forties-crude-set-for-disruption-on-Total-26991595 Learn more

Crude broadly steady as Saudi Arabia reassures market; Brent at $72.53/b, WTI $69.54/b

Crude oil futures were edging between gains and losses on Friday morning in Europe, as… …read more Read more here:: https://www.platts.com/latest-news/oil/London/Crude-broadly-steady-as-Saudi-Arabia-reassures-26991591 Learn more

Providence Welcomes Results of Dunquin South Seismic

Providence Resources has welcomed the results of the seismic survey over the Frontier Exploration Licence (FEL) 3/04 located in the southern Porcupine Basin. FEL 3/04 is operated by Eni on behalf… [[ This is a content summary only. Visit my Learn more

Kuwait’s Super Light crude oil finds home in Japan and South Korea as Iran alternative

Kuwait’s newly launched Super Light crude oil is increasingly finding a home in Japan and… …read more Read more here:: https://www.platts.com/latest-news/oil/Singapore/Kuwaits-Super-Light-crude-oil-finds-home-in-Japan-26991562 Learn more

Hawaiki Submarine Cable Goes Online

Hawaiki Submarine Cable LP has started commercial operations for its 15,000 km fibre optic deep-sea cable linking Australia, New Zealand, the Pacific and the United States. The USD 300 million… [[ This is a content summary only. Visit my website Learn more

PSA Nods Equinor’s Use of Visund Subsea Production Facility

Equinor has obtained a consent from Petroleum Safety Authority (PSA) Norway for the use of a new subsea production facility and wells on the Visund field. The Visund field, located in the northern… [[ This is a content summary only. Learn more