IRM expands focus to UK and West Africa

IRMSIRM Systems (IRMS), the independent authority in emergency pipeline repairs, announced that it has opened its first office in Aberdeen

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SacOil to participate in Equatorial Guinea’s tank farm

Tank Farm CambridgeBayWeather Wikimedia CommonsSouth African oil and gas company SacOil will be involved in developing the Bioko Oil Terminal tank farm in Equatorial Guinea

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Marlin platform offshore Côte d’Ivoire starts production

offshore cote hakonthingstad flickrRAK Petroleum has announced the start of production by operator Foxtrot International from a second platform on block CI-27 offshore Côte d’Ivoire

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Oil prices to hit US$70 in 2016, Lloyd’s Register Energy study suggests

Oildrums UlrichMueller shutterstockA new report reveals that majority of oil and gas executives believe the oil price will remain between US$50-US$70 in 2016, with almost 27 per cent respondents believing it will hover around US$70

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Forte Oil sells stake to Mercuria Energy Holdings

Oil Barrels Ian Burt FlickrMercuria Energy Holdings SA (Mercuria) has acquired 17 per cent equity stake in Nigeria’s Forte Oil plc (Forte Oil) for US$200mn

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