Industry News


One Month Extension for Yinson's Adoon FPSO in Nigeria

Oct 24, 2022

Malaysian FPSO leasing firm Yinson has secured a one-month contract extension for its Adoon FPSO with Addax Petroleum in Nigeria.The deal between Sinopec's Addax and Yinson's Adoon Pte. Ltd. extends the FPSO's tenure to November 16, 2022.  The extension is worth $3…

Oil and Gas Trade Should be Depoliticized, Qatar Energy Chief Says

Oct 24, 2022

Saad al-Kaabi, the head of Qatar's state-run energy company, said on Monday all oil and gas trade should be depoliticized, calling for policies to move away from sanctions and anti-free market agreements.The comments by Kaabi, who is also Qatar's minister of state for energy…

Hibiscus Taps Tanjung Offshore for Well Services Work

Oct 24, 2022

Malaysia-based energy solutions provider, T7 Global has, via its subsidiary Tanjung Offshore, received a work order award from Hibiscus Oil & Gas Malaysia.The contract, with the oil company formerly known as as Repsol Oil & Gas Malaysia Limited…

Baron Oil Says Its Timor Leste Offshore Block Could Hold More Gas Than Initially Thought. Targets First Gas in 2028

Oct 24, 2022

The AIM-quoted oil and gas exploration and appraisal company Baron Oil said Monday that its Chuditch Production Sharing Contract, offshore Timor-Leste could hold much more gas than previously estimated.According to the company,  per the preliminary…

DNV Partners with Energy Companies in Three Energy Transition Safety JIPs

Oct 24, 2022

DNV, the independent expert in assurance and risk management, has partnered up working with energy companies in three energy transition safety joint industry projects.'The energy transition depends on several technologies with potential hazardous characteristics…

Equinor to Issue Complementary Assessment for Wisting Oil Field Project

Oct 24, 2022

The Norwegian energy giant Equinor said Monday it would issue a complementary assessment for the Wisting oil field development in the Barents Sea for public consultation.'The complementary assessment elaborates some key subjects from the impact assessment…

Israeli Court Gives Green Light to Lebanon Maritime Deal

Oct 24, 2022

Israel's Supreme Court on Sunday rejected petitions that would have held up a landmark U.S.-brokered deal setting a maritime border with Lebanon, which Washington predicted could be finalized on Thursday. Four groups, including an Israeli opposition lawmaker…

AG&P Converts LNG Carrier intu FSU for LNG Import Terminal in the Philippines

Oct 24, 2022

Atlantic, Gulf & Pacific International Holdings (AG&P) said Sunday that it had converted the 137,512 cubic meter LNG carrier called ISH into a Floating Storage  Unit (FSU), which will be a part of an LNG import terminal in the Philippines from 2023…

PGS Bags 3D Seismic Survey Work in Namibia

Oct 24, 2022

The Norwegian offshore seismic survey services company PGS has been awarded a 3D exploration acquisition contract.PGS said that the contract was in Namibia, with 'a major energy company.'The company said it would use the Ramform Titan vessel for the survey…

QatarEnergy Names Shell Partner in North Field South Expansion Project

Oct 24, 2022

QatarEnergy's chief executive on Sunday named Shell a partner in the Gulf Arab state's North Field South expansion, part of the world's largest liquefied natural gas (LNG) project. Shell will have a 9.3% share of the project, and QatarEnergy will keep 75%…

Coastline Gets OK to Proceed with Offshore Exploration Program in Somalia

Oct 21, 2022

U.S.-based company Coastline Exploration, an upstream oil and gas company focused on East Africa, said Friday it had received final authorization to proceed with its offshore exploration program in Somalia.Coastline, in February said it had…

DEME Offshore, LS Cable & System Secure Work at Vattenfall’s Norfolk Boreas Wind Farm

Oct 21, 2022

Belgium-based offshore construction company DEME Offshore has been awarded the export cable contract for Vattenfall’s Norfolk Boreas Wind Farm in a consortium with LS Cable & System. The consortium has also been selected as the preferred bidder…

North Sea Firm IOG Names New CEO, COO, CFO after Output Guidance Cuts, Drilling Setback

Oct 21, 2022

Andrew Hockey, CEO of the UK-based oil and gas company IOG, with gas fields in the Southern North Sea, is set to step down after nearly five years in the role. IOG's Chief Operating Officer, David Gibson, is stepping down, too.The news of the resignations came Wednesday…

Schlumberger Third-quarter Profit Jumps as Drilling Activity Picks Up

Oct 21, 2022

Top oilfield services provider Schlumberger Ltd reported a 64.9% jump in third-quarter profit on Friday that topped Wall Street expectations as a surge in oil and gas prices led to more drilling activity. Oil and gas producers are looking to…

Protecting Norway's Gas Exports Against Sabotage a Top Priority, Says Security Official

Oct 21, 2022

Protecting Norway's gas exports to Europe against sabotage is a top priority for the country's authorities, a senior security official told Reuters, including helping oil firms protect themselves against Russian attempts to gather intelligence…

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