Latest News - page 337


Malampaya Gas Field Exceeds Export Capacity Amid Grid Demands in Philippines

Apr 19, 2024

Prime Energy has informed that the Malampaya offshore gas field in the Philippines was able to deliver more than its export capacity as the grid of the country’s Luzon island was placed on red and yellow alerts.Prime Energy, operator of the Malampaya project…

Petrobras and BP Deepen Partnership

Apr 19, 2024

Petrobras and BP have signed Memorandum of Understanding (MoU) to promote cooperation and business opportunities between the companies.Petrobras and BP are partners in exploration blocks in the Exploration & Production segment, including Alto de Cabo Frio Central…

Subsea7 Wraps Up Pipeline Replacement Work Offshore Brunei

Apr 19, 2024

Subsea7 has completed the Pipeline Replacement Project 8 (PRP-8) offshore Brunei for Brunei Shell Petroleum (BSP).PRP-8 is a turn-key project that involves engineering, procurement, installation, and commissioning (EPIC) of various sizes of flexible flowlines and risers…

Woodside Revenue Falls on Lower LNG, Oil Prices

Apr 18, 2024

Woodside Energy posted a fall in first-quarter revenue on Friday compared with the previous three-month period due to lower realised oil and liquefied natural gas prices and flagged declining production volumes at some of its major projects…

ABL Gets Neptun Deep Job for OMV Petrom in Black Sea

Apr 18, 2024

OMV Petrom has appointed global energy and marine consultancy ABL to provide Marine Warranty Survey (MWS) services for the construction of Romania’s Neptun Deep gas field project in the Black Sea.ABL’s London operation has won the contract to provide MWS services to review…

Petrobras and China’s CNCEC to Collaborate on Oil and Gas, Renewables

Apr 18, 2024

Brazil’s state-run energy company Petrobras signed a memorandum of understanding (MoU) with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition.The partnership also provides…

Norway Clears TGS and PGS Merger

Apr 18, 2024

Norwegian seismic firms TGS and PGS have received merger approval from the Norwegian Competition Authority (NCA), brining them one step closer to establish a premier energy data company.The merger between the companies, first announced in September 2023…

Full Capacity Operations at Tyra II Gas Development Up for Potential Delays

Apr 18, 2024

The Tyra Redevelopment Project (Tyra II), operated by TotalEnergies, has faced an operational occurrence which has temporarily impacted the commissioning of the facilities at Denmark’s largest offshore gas development.According to an update from TotalEnergies…

Eelume Partners with Exail

Apr 18, 2024

Exail was selected by Eelume to supply its Phins Compact C3 Inertial Navigation System (INS) for Eelume's new S-Series all-terrain autonomous underwater vehicles (AUV).The Eelume S-Series is a new generation of all-terrain AUVs specifically…

Timor-Leste: Chuditch-2 Well to be Drilled at New Location Following Site Surveys

Apr 18, 2024

SundaGas Banda Unipessoal, a wholly-owned subsidiary of UK oil and gas company Baron Oil, has selected a new location for the Chuditch-2 appraisal well offshore Timor-Leste.SundaGas has been conducting site survey work in the Timor Sea over…

Akastor’s Subsidiary Wins $101M Case Against Seatrium's Jurong Shipyard

Apr 18, 2024

MHWirth, a subsidiary of Norwegian oil services investment firm Akastor, has received an arbitration award issued by a tribunal in a dispute with Seatrium’s subsidiary Jurong Shipyard over the termination of four drilling rig unit contracts…

BP Streamlines Organizational Structure and Makes Executive Team Changes

Apr 18, 2024

Oil major BP has simplified its organization structure and made executive team changes in an effort to streamline its business operations.BP said it will continue to have three businesses - production and operations, gas and low carbon energy…

DEME Scoops ‘Most Extensive’ Cabling Contract in Its History

Apr 18, 2024

DEME has been awarded two contracts from cable solutions provider Prysmian for the engineering and installation works for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands, whose combined worth is over $315 million…

Petrofac Lands $350M Deal for Work Off Equatorial Guinea

Apr 18, 2024

Oilfield services provider Petrofac has secured a technical services contract from the national oil company of Equatorial Guinea GEPetrol to support the operations of Block B assets.Under the contract, valued at around $350 million over five years…

Petrobras Sells Two Mothballed Campos Basin Fields to Perenco

Apr 18, 2024

Brazil's state-run oil company Petrobras has agreed the sale of its entire stake in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Brazil's subsidiary of UK-based oil and gas firm Perenco.Production from the two…

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