Offshore Natural Gas News - page 6


CNOOC Says Production Not Affected by Sanctions

Oct 24, 2019

CNOOC, China's largest offshore oil and gas producer, on Thursday said it would be affected by U.S. sanctions on its COSCO shipping firm but there would be no impact on its oil and gas production.'(The sanctions) will have some impact on our…

McDermott to Build SPS for Greater Tortue

Oct 24, 2019

McDermott International announced it has been subcontracted to build subsea production system (SPS) for the Greater Tortue Ahmeyim natural gas project offshore Mauritania and Senegal.'Fabrication for both the SPS and subsea, umbilicals, risers…

Brazil to Lead in Global FPSO Deployments

Oct 24, 2019

Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.Brazil is expected to deploy a total of 11 planned and ten announced FPSOs by 2025…

Equinor Eyes Brazil Natural Gas Infrastructure

Oct 22, 2019

Norway's Equinor ASA is scouting locations on Brazil's coast to install new natural gas infrastructure, the company's Brazil chief said, as the firm's gas-heavy offshore fields come on-line in the coming years.Natural gas is considered both a promising opportunity and a vexing problem in Brazil…

Jadestone Submits FDP for Vietnam Gas Fields

Oct 21, 2019

Independent oil and gas company Jadestone Energy said it has formally submitted the field development plan (FDP) for its Nam Du and U Minh gas fields, offshore southwestern Vietnam, to Vietnam Oil and Gas Group (Petrovietnam), targeting first production in late 2021…

Woodside Makes FID for Pyxis Hub Project

Oct 18, 2019

Woodside said it has made a final investment decision (FID) for the Pyxis Hub project offshore North West Australia.The Australian energy company revealed in its third quarter earnings report that the FID was taken for the project in August 2019…

Premier Makes Find at Tolmount East

Oct 17, 2019

Premier Oil found gas while drilling at the Tolmount East well in the North Sea, the company announced on Thursday.The 42/28d-14 well in P1330, Block 42/28d was targeting 220 BCF of P50 gross resource, in an undrilled area four kilometers east…

Woodside Targets Scarborough FID in Early 2020

Oct 17, 2019

Woodside Petroleum Ltd has pushed out the final approval date for its mammoth Browse gas project but slightly brought forward plans to sign off on its smaller Scarborough project as it races to fill an anticipated global supply gap.Woodside…

Shell Aims to Operate Egypt Concessions in 2020

Oct 17, 2019

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said.Shell won three oil and two gas concessions in Egypt in February.Eni, BP and ExxonMobil also won some of a total…

PGNiG Makes Shrek Discovery

Oct 15, 2019

PGNiG announced it has made a discovery in the Shrek prospect in the Norwegian Sea, about 210 kilometers northwest of Brønnøysund.Based to preliminary estimates, recoverable resources range between 19 million and 38 million barrels of oil equivalent (boe)…

Energean Sells North Sea Assets to Neptune

Oct 14, 2019

Israel-focused Energean Oil & Gas Plc on Monday agreed to sell Edison E&P North Sea assets to Neptune Energy Group for up to $280 million, as part of an ongoing plan to sell non-core assets.Energean, which is focused in the Mediterranean, will…

Equatorial Guinea Says Currency Caps Will Hurt Energy Prospects

Oct 10, 2019

New currency controls enforced by the Bank of Central African States (BEAC) could ruin the oil and gas industry in the Gulf of Guinea and 'destroy' Equatorial Guinea's economy, the country's oil minister told Reuters on Wednesday.Equatorial Guinea…

Angola Seeks to Reduce Gas Flaring to Capture Revenue

Oct 09, 2019

Angola wants to cash in on the roughly 3 billion cubic feet per day of associated natural gas it produces, most of which is now flared, the petroleum minister said on Wednesday.The announcement of efforts to generate more revenues by reducing…

Senegal Delays Oil Licensing Round

Oct 09, 2019

Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until November 4 as contract documents still need to be finalized, oil minister Mahamadou Makhtar Cisse said.'We need to ensure the legal framework for investors…

BP Names Bernard Looney as Next CEO

Oct 04, 2019

Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy.BP on Friday appointed Looney…

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