Total will exit the Shah Deniz field, following an agreement the French explorer reached with Turkish state-owned oil company TPAO. Total will sell its 10% interest in Azerbaijan field and associated South Caucasus pipeline for US$1.5 billion…
Marine terminal service company Smit Lamnalco believes it has an important contribution to make as new safety regulations for floating gas terminal facilities are drawn up. Group Business Development Manager Andrew Brown points out that although…
GDF Suez E&P UK has struck has on the UK southern North Sea (SNS) Cepheus 44/12a-6 exploration well. A gas column was found within the Permian Lower Leman sandstone, the primary reservoir target. The well was spudded on 9 March 2014 and drilled to 12…
Calgary-based Sterling Resources issued its 1Q results today, reporting US$20.5million revenue attributable to production from the Breagh gas field in the UK North Sea, and expenses of $2.6 million during the quarter. The average expected…
Operator Maersk Oil is to use a new standalone installation to develop the ultra-high-pressure, high-temperature (uHP/HT) Culzean gas field in the central North Sea about 145 miles east of Aberdeen. The field, one of the largest gas discoveries of recent years in the UK North Sea…
Woodside Energy has axed its plans to purchase a sizeable stake in Israel’s Leviathan gas project, terminating its February memorandum of understanding (MOU) with the joint venture participants, the Australian company announced 20 May. This…
Japan's JX Nippon Oil & Gas Exploration Corp., a wholly-owned unit of JX Holdings, says Petronas has approved the field develoment plan for the Layang gas field. JX Nippon intends to develop the field off the coast of the Malaysia's Sarawak state on Borneo…
Höegh LNG Holdings Ltd. has signed a letter of intent (LOI) with Egyptian Natural Gas Holding Co. (Egas) for the use of one of Höegh's floating storage and regasification units (FSRUs) – currently under construction at Hyundai Heavy Industries…
A year of significant construction work on the Cygnus gas project by Burntisland Fabrication (BiFab) came to fruition recently as major infrastructure sailed out from the yard in Methil, Fife. Operator GDF SUEZ E&P UK Ltd (38.75%) and partners Centrica Energy (48…
Western Europe will continue to rely on imported Russian gas into the 2020s, as mature offshore provinces struggle for growth, while large-scale shale gas extraction looks increasingly unlikely in the medium term. Following Moscow’s intervention…
Doubt still hangs over Statoil’s Barents Sea Johan Castberg project after the firm made an oil and gas discovery in its fifth and final exploration program around the field. The latest well, 7220/7-3 S, was on the Drivis prospect in production license (PL) 532…
The Petroleum Exhibition & Conference of Mexico (PECOM) recently celebrated its 20th year. The location in Villahermosa, Tabasco’s state capitol, is fundamental to the continuing success of the conference and convenient for many PEMEX personnel…
The latest milestone in the southern North Sea Cygnus gas field project took place on Monday as the first piece of major infrastructure sailed out from Isleburn’s facilities at Nigg Energy Park, Scotland (pictured). The beginning of the…
Aberdeen-based explorer Faroe Petroleum it to take on its first operated production in the North Sea through a £35million to take over operated stakes in two southern North Sea gas fields from Tullow Oil. Faroe will take a 60% operated stake in the Ketch field and a 53…
The US Bureau of Ocean Energy Management (BOEM) will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico planning area…