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Exxon to Exit Equatorial Guinea

Nov 29, 2022

Exxon Mobil Corp will wind down oil production in Equatorial Guinea and leave the West African country after its license expires in 2026, two sources close to the matter told Reuters. The departure reflects a wider move by major oil producers to reduce crude production in West Africa and shift investments to lower-carbon natural gas development on the continent, and to more lucrative projects in the Americas…

Inmarsat to Roll Out IoT Solution to More than 60 Zamil Offshore Vessels

Nov 30, 2022

Inmarsat, a mobile satellite communications services provider, will roll out an Internet-of-Things (IoT) solution to more than 60 of Saudi-based Zamil Offshore's vessels in the Gulf area.The solution - powered by Fleet Connect and Fleet Data…

Inmarsat Provides Connectivity Solutions for Vallianz Holdings' OSV Fleet

Nov 17, 2022

Singapore-based offshore support vessel owner Vallianz Holdings is working to speed up the digitalization of its fleet of offshore support vessels (OSV) with a comprehensive package of connectivity services from Inmarsat.According to Inmarsat…

Australian Offshore Oil & Gas Safety Regulator Gets New CEO

Nov 10, 2022

Sue McCarrey has been appointed Chief Executive Officer (CEO) of Australia's National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for a three-year term from February 2023.To join NOPSEMA, McCarrey will leave her…

Exxon Exits Russia Empty-handed with Oil Project 'Unilaterally Terminated'

Oct 18, 2022

Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project.  Exxon did not say if it received any compensation for the assets…

Equinor Gets OK for Extended Use of 'Floatel Superior' for Breidablikk Work

Oct 06, 2022

Norwegian oil and gas company Equinor has received regulatory consent for the prolonged use of the Floatel Superior semi-submersible accommodation rig at the Grane field in the North Sea, offshore Norway.The Petroleum Safety Authority said that that it had granted its consent…

Schlumberger, Subsea 7 and Aker Solutions to Form Subsea Engineering Firm

Aug 30, 2022

U.S. engineering firm Schlumberger and Norway's Aker Solutions plan to merge their subsea oil and gas construction business and to bring in a third rival, Oslo-listed Subsea 7, as a partner, the firms said on Tuesday.Aker Solutions will receive…

Norway Scraps Three Arctic Oil Exploration Blocks

Jun 14, 2022

Norway's minority government will remove three Arctic oil exploration blocks from its licensing round as part of a deal with the opposition to secure backing for its 2022 budget.The Norwegian oil industry lobby said it was disappointed by the…

Colombia's Extractive Industries Watching Election Warily

Jun 08, 2022

Colombia's leftist firebrand presidential candidate Gustavo Petro is too close in recent polls for the comfort of oil companies and miners who worry that his promised policies would imperil Colombia's economy and energy self-sufficiency, high-ranking industry figures and business associations said…

Aker BP, Lundin Energy Merger Gets All Necessary Approvals

May 02, 2022

All the necessary approvals have been granted for the proposed merger between the Norwegian oil firm Aker BP and Sweden-based Lundin Energy's oil and exploration and production business. Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…

Aker BP's Oil and Gas Production Rises in First Quarter

Apr 13, 2022

Norwegian oil company Aker BP produced 208,200 barrels of oil equivalents per day (boepd) in the first quarter, up from 207,000 boepd in the previous three months, the company said on Wednesday.However, output remains below the company's guidance of 210…

Aker BP Gets Gov't OK to Raise Gas Output from Skarv Offshore Field

Mar 28, 2022

Norway's Aker BP has won permission to increase gas exports from its Skarv field, the country's energy ministry said on Monday, enabling the company to take advantage of high gas prices that now exceed the price of oil.Until now, Aker BP has…

First of Four FPSOs Deployed at Petrobras' Mero Field

Feb 02, 2022

The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed.The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…

Thai PTTEP Set to Take Over Myanmar's Biggest Offshore Gas Field as Oil Majors Exit

Jan 26, 2022

Thailand's state oil and gas explorer looks set to take over Myanmar's biggest gas field, as TotalEnergies and Chevron Corp exit in the wake of last year's coup in the Southeast Asian state, analysts say.A move by PTT Exploration and Production Pcl (PTTEP) to become operator of Yadana field…

Shrink to Fit: The Year Big Oil Starts to Become Small Oil

Jan 10, 2022

Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous…

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