Oil And Gas News


Petrobras Cancels Sale of Two Santos Basin Fields to Brava Energia’s Enauta

Dec 23, 2024

Brazilian state-run oil and gas company Petrobras has terminated the contract with Brava Energia’s Enauta for the sale of its entire stake in the Uruguá and Tamba fields.Under the contract, signed by the companies in July 2024, Petrobras was to received $35 million for the stake sale…

Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit Off Colombia

Dec 23, 2024

Colombia's national environmental licensing agency (ANLA) on Friday said it has awarded an environmental license to Anadarko Colombia Company, a subsidiary of Occidental Petroleum, to carry out oil and gas exploration in the country's Caribbean waters…

China’s CNOOC Brings Bohai Sea Oil Field On Stream

Dec 23, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at Suizhong 36-2 oilfield 36-2 block development project in Bohai Sea.The main production facility is a new unmanned wellhead platform…

Shearwater to Proceed with 4D Survey for Petrobras in Campos Basin

Dec 23, 2024

Offshore seismic services firm Shearwater Geoservices has been given a go-ahead from Petrobras to start one of the two 4D projects covering the Jubarte and Tartaruga Verde fields in the Campos Basin area.Under the eight-month contract, announced in January 4…

Equinor Comes Up Dry Offshore Norway

Dec 23, 2024

Equinor and its partners have drilled two wells in the North Sea, both of which were proven dry.The wildcat wells Kvernbit and Mimung (35/10-14 A and 35/10-14 S) are the first to be drilled in production license 1185, which was awarded in 2023…

Var Energi Gets Clearance to Drill North Sea Wildcat Well

Dec 23, 2024

The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for a wildcat well in the North Sea.The permit is for wellbore7/1-3 in production license 1090, operated by Var Energi with 50% working interest, along with partners Aker BP holding 30% and Petoro 20% stakes…

Final Pluto Train 2 Modules for Scarborough Gas Project Arrive to Australia

Dec 23, 2024

The final Pluto Train 2 modules for the Scarborough energy project have arrived at the Pluto LNG facility in Karratha in Western Australia, marking a significant milestone for the Woodside Energy’s gas developmentThe completion of the Pluto…

DeepOcean Takes Over Equinor’s Pipeline Repairs Contract from TechnipFMC

Dec 20, 2024

Ocean services provider DeepOcean has taken full ownership of the pipeline repair and subsea intervention (PRSI Pool Services) contract with Equinor, formerly operated in a joint venture (JV) between DeepOcean and TechnipFMC.The transaction…

Norway Oil, Gas Production Beats Forecast Despite November Decline

Dec 20, 2024

Norway's combined oil and gas production declined in November from the same month a year earlier but was still 2.6% higher than an official forecast, the Norwegian Offshore Directorate (NOD) said on Friday.Norway is Europe's largest supplier of natural gas and a major producer of oil…

US Imposes New Set of Sanctions for Nord Stream 2 Pipeline

Dec 20, 2024

The United States issued fresh sanctions on Wednesday on several Russia-based entities over their involvement in the Nord Stream 2 gas pipeline, the State Department said, including new measures against the operator of the project.The U.S. State…

US Pipeline Operator Signs 20-Year LNG Agreement with Chevron

Dec 20, 2024

U.S. pipeline operator Energy Transfer said on Thursday its unit has entered a 20-year LNG sale and purchase agreement with oil and gas major Chevron.Under the agreement, the unit, Energy Transfer LNG, will supply 2.0 million tonnes per annum…

Aker Solutions Inks Maintenance Services Deal with Var Energi for Norwegian Assets

Dec 20, 2024

Aker Solutions has signed a sizeable contract to deliver maintenance and modification services for Vår Energi’s Jotun, Balder, and Ringhorne assets in the southern area of the Norwegian Continental Shelf (NCS).The five-year agreement includes…

ExxonMobil Concludes $535M Liza Destiny FPSO Buy from SBM Offshore

Dec 20, 2024

SBM Offshore and ExxonMobil Guyana, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of floating, production, storage and offloading (FPSO) Liza Destiny, deployed at Stabroek Block, offshore Guyana…

Full Ramp Up of Tyra II Gas Development Hits Another Delay

Dec 19, 2024

BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that the full ramp-up of the Denmark’s largest offshore gas development has been pushed for three weeks, with the plateu production now expected in the second half of January 2025…

Brava Energia to Sell Potiguar Basin’s Gas Infrastructure to PetroReconcavo

Dec 19, 2024

Brazil's Brava Energia has signed an agreement with PetroReconcavo to sell 50% of its natural gas processing infrastructure in the Potiguar basin for $65 million.As part of the partnership agreement with Brava Energia, PetroReconcavo will buy…

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