Oil and gas company Eco Atlantic has agreed to acquire 100% of Toronto-based JHI Associates Inc. ('JHI'), including JHI's 17.5% stake in the Canje Block offshore Guyana.The Canje Block, offshore Guyana, is directly adjacent to the prolific Stabroek…
UK North Sea-focused oil and gas company IOG said Monday that first gas has started flowing from Phase 1 of its Saturn Banks Project, with the start-up of production from the Blythe field on Sunday. Phase 1 covers the production from Blythe…
UK-based oil and gas firm IOG said Friday it had struck a new gas sales agreement ('GSA') with BP Gas Marketing Limited ('BPGM'), for the gas to be produced from its gas fields in the southern North Sea, offshore the UK.The deal covers its equity…
Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters.The deal will create a company called Azule Energy that is expected to be Angola’s…
Norwegian oil and gas company OKEA has awarded Aker Solutions a seven-year extension to their existing maintenance and modifications frame agreement, covering work on all installations offshore Norway operated by OKEA.Aker Solutions said that the contract was a substantial one…
Norwegian state oil company Equinor has stopped trading Russian oil as it winds down operations there in the wake of Moscow's invasion of Ukraine, Chief Executive Anders Opedal said on Thursday.A growing energy crisis from buyers steering clear…
Exports of Malaysia's flagship Kimanis crude oil are set to fall to six cargoes in May, down two from April, due to maintenance at oilfields offshore Sabah, a preliminary loading schedule showed on Friday.Shell, the operator of the oilfields that produce Kimanis…
The second processing platform (P2) was earlier this week installed for the Johan Sverdrup Phase 2 development offshore Norway using Allseas' giant Pioneering Spirit vessel, in a single lift operation.This follows the installation of the jacket…
President Isaac Herzog embarked on Wednesday on the first visit by an Israeli leader to Turkey since 2008 as the regional rivals seek to overcome years of animosity.Turkish President Tayyip Erdogan invited Herzog, whose post is largely ceremonial…
Offshore services firm McDermott International said Thursday it had recently completed work under its first subsea, engineering, procurement, construction and installation (EPCI) contract with Australia's oil and gas firm Santos for the Bayu-Undan Infill Well Phase 3C Project in the Timor Sea…
U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create…
Norwegian oil company Pandion Energy agreed to buy ONE-Dyas Holdings B.V.'s Norwegian subsidiary ONE-Dyas Norge AS for an undisclosed fee. The deal includes a 10 percent share of the Nova offshore field in the North Sea field, and a total of 11 exploration licenses…
West Africa-focused Tullow Oil's chief executive TLW.L said on Wednesday its Jubilee offshore oilfield in Ghana could produce 100,000 barrels of oil equivalent per day (boe/d) and the TEN field 50,000 boe/d by 2025 under current spending plans…
The European Commission published plans on Tuesday to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel 'well before 2030'.The European Union executive said it would switch to alternative…
Britain will step up its production of oil and gas after saying it will ban Russian oil imports at the end of the year, transport minister Grant Shapps said on Wednesday.'We're fortunate in the UK that we don't buy proportionately very much…
Subscribe
