Oilfield services company Archer said Thursday it had won a five-year contract with Perenco UK Limited in the United Kingdom for the provision of Coiled Tubing and Pumping services.The contract contains two options of one year each and started May 3…
Teodoro Obiang Nguema Mbasogo, President of the Republic of Equatorial Guinea, and Paul Biya, President of the Republic of Cameroon, have signed a bilateral treaty to see the two West African countries cooperate on cross-border oil and gas development and monetization…
Golar LNG has acquired New Fortress Energy's (NFE) stake in FLNG Hilli - also known as Hilli Episeyo. 'In return for NFE’s 50% Common Unit holding in Golar Hilli LLC, Golar has transferred its remaining 4.1 million NFE shares to NFE, paid NFE $100 million in cash…
Golar LNG agreed to acquire New Fortress Energy's (NFE) ownership stake in FLNG Hilli in exchange for Golar's remaining 4.1 million shares in NFE and $100 million in cash.Golar will also take over approximately $323 million in debt obligations linked to Hilli…
Offshore drilling firm Valaris Limited said Thursday it had secured $275 million worth of drilling rig contracts since its most recent fleet status report was issued on October 31, 2022. Valaris won contracts and contract extensions for one drillship and six jack-up rigs…
Oil and gas company Perenco has said it has discovered oil in the Tchibeli North East pre-salt Vandji exploration prospect on the Perenco-operated PNGF Sud license, offshore Congo.Perenco said that good oil and gas shows were recorded on entry into the reservoir…
Perenco has moved a step closer to acquiring New Age's interests in the Etinde permit offshore Cameroon, and operatorship of the Etinde JV, after New Age's partners Bowleven and Lukoil chose not to exercise their pre-emption rights.The proposed deal was first announced on June 7…
ABB and Wison Offshore & Marine (WOM) have recently signed a memorandum of understanding to collaborate on floating liquefied natural gas (FLNG) projects.'FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea…
Perenco Trinidad & Tobago said this week it had held the ground-breaking ceremony for the 'Macarius Power,' , the first platform to be installed in the Teak, Samaan & Poui (TSP) fields since the 1980s.Perenco T&T and its local partners launched…
Oil and gas company New Age the operator of the Etinde license offshore Cameroon has signed a definitive conditional agreement to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV. This is according to Bowleven…
UK-based oil and gas company IOG has resumed production from its Saturn Banks fields in the North Sea at reduced levels following a halt in May due to Perenco Bacton terminal's issues with handling the fields' condensate.IOG said Wednesday that on 31 May…
UK-based oil and gas company IOG said Monday that production from its recently launched Blythe and Elgood gas fields in the UK North Sea has been shut-down due to Perenco Bacton terminal's issues with handling the fields' condensate.Blythe and Elgood…
Anglo-French oil company Perenco has declared force majeure for 150 days following a leak at its Cap Lopez oil terminal in Gabon last week, a company spokesperson said on Friday.Overall production shut down is estimated at 50,000 barrels of oil per day…
Anglo-French oil company Perenco has shut its Cap Lopez oil terminal near Port Gentil in Gabon after a storage tank leaked more than 300,000 barrels of oil, it said in a statement.The oil, which amounts to more than Gabon's daily crude output…
UK-based oil and gas firm IOG plc has informed that the onshore reception facilities for its Saturn Banks project development have been successfully commissioned, in what is the final step to first gas from its Southern North Sea gas fields…