Saturday, December 21, 2024

Canadian Pacific Reaches Tentative Agreement with Striking Workers

From Reuters Canadian Pacific Railway Ltd said a strike by more than 3,000 workers over employment terms ended on Wednesday after the railroad operator reached tentative agreements with labor union Teamsters. About a quarter of Canadian Pacific workers staged a walk-out on Tuesday night, throwing industries dependent on its transportation into disarray. The second-largest Canadian railroad operator said it had

Iran to Install New Rigs in South Pars Gas Field

From MEHR NEWSAGENCY Ali Afaraideh Ghiyassi, the Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on Thursday that 6 new oil platforms will be installed in Iran’s the supergiant South Pars Gas Field by the end of Iranian fiscal year. “The 6 oil platforms under construction at SADRA (Iran Marine Industrial Company) company’s yard

AkerBP’s Newest Well: Dry as a Bone

From The Independent Barents Observer It was AkerBP’s first well in the region in four years, and it was made only 25 km from the place where the company in 2014 made a small discovery of oil. This time, the company found only gas, and only small volumes. According to the Norwegian Petroleum Directorate, the drilling of the wildcat well revealed a gas

Schlumberger Exits Fortuna LNG Project

Exit puts deepwater FLNG plans in jeopardy One of the largest LNG projects in Africa was put in peril today, as the largest backer of the Fortuna project pulled out. Targeting deepwater LNG in Equatorial Guinea, Fortuna is expected to be the first deepwater LNG in West Africa. With water depths from 3,000 to 6,000 feet, current plans call for