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…
Statoil and its partners have made a 20-75MM boe gas and oil discovery in the Valemon Nord prospect in the Norwegian sector of the North Sea. The discovery wells 34/10-54 S and 34/10-54 A, in production license 050, drilled by the semisubmersible drilling rig Transocean Leader…
Woodside Energy’s bid to join the offshore Israel Leviathan gas field consortium has missed an agreed deadline, the firm has said. Australia-based Woodside and the offshore Israel Leviathan project joint venture partners missed a target…
Australia-based Santos Ltd. announced that natural gas production has commenced ahead of schedule from the Peluang gas project offshore East Java in Indonesia. Sanctioned in February 2013, Peluang is a tie-back to the existing facilities…