Bumi Armada Berhad, a Malaysian company known for its FPSO leasing business, said Monday it had, via its subsidiary Armada Akia B.V (“AABV”) and its co-bidder, Pexco Tarakan NV, signed a Production Sharing Contract with the Ministry of Energy and Mineral Resources of Indonesia for the Akia PSC in the Tarakan Basin, North Kalimantan Province.Armada Akia is the operator with a 51% stake, with Pexco, as partner…
UK-based offshore well decommissioning specialist Well-Safe Solutions has signed a contract with Spirit Energy to add a well from the Appleton field in the UK North Sea to the existing scope of the Well-Safe Defender semi-submersible plugging and abandonment rig…
BP CEO Bernard Looney's abrupt resignation has thrown the British oil major into a leadership crisis with no groomed front-runner to succeed him, company and industry sources said on Wednesday.Several current and former BP insiders were seen as potential candidates to succeed Looney…
BP CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major's top job for failing to fully disclose details of past personal relationships with colleagues, the company said.Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis…
Danish renewables firm Ørsted has signed a CO2 Transport and Services Agreement (TSA) with the Norwegian Northern Lights joint venture to store 430,000 tonnes of biogenic CO2 emissions per year from two power plants in Denmark.'This agreement…
Oil major BP has started oil production at its Argos offshore platform in the deepwater U.S. Gulf of Mexico.With a gross production capacity of up to 140,000 barrels of oil per day, Argos is BP’s fifth platform in the Gulf of Mexico and the…
UK-based machine learning and applied AI company Cognitive Business has won a contract to provide a complete package of AI and forecasting to RWE’s Robin Rigg wind farm offshore Scotland.Congitive Business will to provide the wind farm with a suite of AI…
Oilfield services firm Baker Hughes has won a contract with Malaysia Marine and Heavy Engineering (MMHE) to supply carbon dioxide (CO2) compression equipment to Petronas Carigali's Kasawari offshore carbon capture and sequestration (CCS) project in Sarawak…
Japan's Cosmo Energy Holdings Co Ltd said on Friday it has signed a new agreement with Qatar Energy to continue its operation in the Al-Karkara and A-Structures offshore oil fields, which came into effect after the expiry of the current contract this month…
Brazilian oil giant Petrobras has found oil at the Pedunculo well, located in the northwest of the Sépia offshore oil field, around 250 kilometers off the coast of Rio de Janeiro, Brazil.The well was drilled at a water depth of approximately 2…
Norwegian oil and gas company Equinor has restarted oil production from the Peregrino offshore field after it was suspended in April 2020.The field was brought back online on June 16, 2022. Production was shut down in April 2020 and Equinor has since thenexecuted a major program of maintenance…
Oil and gas company APA Corporation has elected Lamar McKay as the next chairman of the board. McKay's election follows the announcement by current chairman John E. Lowe of his decision to retire. Following a transition period, the change will be effective Sept…
Russia should cut oil production by 20%-30% to 7 million-8 million barrels per day (bpd) to get a better price and avoid selling it at a discount, Leonid Fedun, the vice-president with Russian company Lukoil, wrote in RBC newspaper.Western sanctions…
Norwegian company CCB Energy which is working to build a green industrial park at the Energy Park in Øygarden municipality, Norway, is partnering up with carbon capture and storage joint venture Northern Lights to develop a CO2 value chain for the local and regional industry in the area…
Empyrean, an oil and gas company that recently started drilling at its Jade prospect offshore China, said Tuesday that the NH9 semi-submersible drilling rig was making excellent progress at the well.The company said that the rig had drilled…
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