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terminal

Markets

Value of Norway’s oil and gas stakes down 34%

The Norwegian state's direct financial interest (SDFi) in oil and gas licences on the Norwegian Continental Shelf (NCS) has decreased by more than a third in the past two years as low oil prices have taken a toll.

Africa

IS targets Libyan oil terminal, promises more attacks

ISIS (Islamic State) has attacked installations close to Libya’s Ras Lanuf terminal as it threatened of more attacks in coming days. According to reports from the region, at least two storage tanks from the Harogue Oil Operations company were set on fire near to the country's leading oil terminal.

Oil & Gas

Job consultation launched at Sullom Voe Terminal

Talks are being held with Wood Group and Bilfinger Industrial Services staff working at the Sullom Voe Terminal in Shetland over the future of up to more than 200 positions. Wood Group is in discussions regarding around 90 positions at the BP-operated terminal following a review of its personnel requirements brought on by changes being made to work on the site. Meanwhile Bilfinger Industrial Services said it had also initiated consultation due to changes in seasonal workloads and winter working conditions.

Oil & Gas

Technip wins €100million terminal contract in India

Technip has won a €100million contract to build an onshore terminal in India as part of the intergrated development of the Vashishta and S1 fields. The award, from the ONGC (Oil and Natural Gas Corporation Limited), is one of the critical componenets in the development of the fields. The contract will include basic design, detailed engineering, procurement and fabrication of the new onshore terminal facilities which will be integrated into the existing terminal.