Offshore Natural Gas News - page 9

FLNG Project Count Hits 20

Aug 26, 2019

Finance — or at least project economics based on long-term commodity prices — appear to be factors limiting a surge in investments in floating liquefied natural gas (FLNG) a new study by U.S.-based numbers cruncher, World Energy Reports, revealed Monday…

Rosneft to Develop Offshore Fields in Mozambique

Aug 22, 2019

Russian oil giant Rosneft announced it has signed a cooperation agreement with the National Petroleum Institute (Instituto Nacional de Petróleo, INP) and a memorandum with Mozambique's state-owned Empresa Nacional de Hidrocarbonetos on Thursday to develop natural gas fields in Mozambique…

Norway Oil Industry Trims Investment Forecast

Aug 22, 2019

Oil and gas companies working in Norway have slightly cut their 2019 investment forecasts since May, a survey by the country's statistics agency (SSB) showed on Thursday.While 2019 investments are still forecast to hit a four-year high, it is…

Zohr Gas Field Output Rises to 2.7 bcfd

Aug 21, 2019

Natural gas production at Egypt's Zohr field, the largest gas field in the Mediterranean, has increased to 2.7 billion cubic feet per day (bcfd), Egypt's petroleum minister said on Wednesday.In February, Egypt's petroleum ministry said the field's production stood at 2…

Aker Solutions Wins ADNOC Umbilicals Contract

Aug 21, 2019

Norwegian engineering and equipment firm Aker Solutions said it has secured a NOK 700 million ($78.2 million) order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located offshore…

Moods 'Upbeat' Heading into GoM Lease Sale -NOIA

Aug 20, 2019

Sentiment in the US offshore oil and gas industry is “generally upbeat” heading into the nation's next Gulf of Mexico lease sale, according to trade group National Ocean Industries Association (NOIA).On Wednesday in New Orleans, the Bureau of Ocean Energy Management (BOEM) will offer 77…

INTECSEA Wins MJ Field Contract from RIL

Aug 19, 2019

Worley subsidiary INTECSEA has been awarded a project management consultancy (PMC) contract by Reliance Industries Ltd (RIL) for the MJ Field deepwater gas and condensate project offshore India.Under the contract, INTECSEA will provide PMC services…

Norway's July Oil Output Beats Forecast

Aug 16, 2019

Norway's oil production fell 5.2% year-on-year in July to 1.447 million barrels per day, exceeding the official forecast for the month by 2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…

Woodside H1 Profit Slumps

Aug 15, 2019

Woodside Petroleum flagged a challenging near-term outlook on Thursday as it grapples to win over its partners to back $34 billion worth of new oil and gas projects amid a souring global environment.Australia's biggest independent oil and gas…

UK Gas Prices Rise as Norway Imports Dip

Aug 13, 2019

British wholesale gas prices rose on Tuesday morning as imports from Norway fell, creating undersupply.Within-day gas price up 1.30 pence at 31.20 pence per therm by 0809 GMT.Day-ahead gas price up 0.90 p at 30.50 p/therm.'Prompt prices are all up a bit on lower supply…

Production Drilling Begins at Dvalin

Aug 12, 2019

Wintershall Dea said the drilling of four production wells has begun on the Dvalin gas field in the Norwegian Sea ahead of first production planned in 2020.Drilling from the Transocean Arctic rig is expected to last approximately one year and…

Aker BP Makes Small Gas Discovery

Aug 08, 2019

Aker BP has made a small gas find in the the North Sea, the Norwegian Petroleum Directorate announced this week. The Norwegian oil and gas company drilled a wildcat and appraisal well in production licence 869, about 6 kilometers southwest of the Bøyla field…

Kosmos Sees Mauritania, Senegal Deal by Year-end

Aug 05, 2019

Oil and gas explorer Kosmos Energy expects to have agreed by the end of this year to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, Kosmos said on Monday.In December, BP and its partners…

NOC, ENI Boost Production at Bahr Essalam

Aug 02, 2019

Libya's National Oil Corporation (NOC) and Italy's ENI said on Thursday they had completed the second phase of a project at the Bahr Essalam offshore gas field to increase production.The field is a joint venture between the two companies operated by NOC subsidiary Mellitah Oil and Gas Company…

Energean Snaps Up Four Israeli Licenses

Jul 31, 2019

Israel-focused Greek oil and gas group Energean was awarded four new Israeli offshore licenses in the so-called Exclusive Economic Zone, the company said on Wednesday.'Energean has identified a prospect within Zone D analogous to the prolific Tamar Sand fields (Karish…

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