Abu Dhabi National Oil Company is planning to invest tens of billions of dollars to build a natural gas business in the United States, the Financial Times reported on Tuesday.Nameer Siddiqui, the newly appointed chief investment officer of ADNOC's overseas investment arm XRG…
Equinor has secured a permit from the Norwegian Offshore Directorate (NOD) to drill a wildcat well in the Barents Sea.The permit is for wellbore 7220/5-EC-2 H in production license 532.The license is operated by Equinor with 46.3%, with partners Vår Energi holding 30% and Petoro the remaining 23…
Sierra Leone has signed an agreement with Shell that allows the oil major to conduct advanced geological and geophysical surveys across multiple offshore blocks, the country's petroleum directorate said on Wednesday.The reconnaissance permit agreement covers an area of approximately 20…
Security is all too often treated as a purely compliance-driven exercise. This isn’t advisable in any industry, but it is particularly damaging for those that fall under critical infrastructure frameworks. Ports, and, by extension, the dredging operations that maintain and expand shipping lanes…
Canada-based oil and gas company Valeura Energy has signed an agreement with Shelf Drilling to chart the Shelf Drilling Enterprise jack-up rig for a three-year term through the end of 2029.The rig, owned by Shelf Drilling (Southeast Asia), a subsidiary of ADES Holding Company…
A Dutch climate activist group launched a new court case against Shell on Tuesday in the Netherlands, demanding that the British energy major immediately end its investments in new oil and gas projects.Like a number of its peers seeking to capitalise…
Jadestone Energy has signed a gas sales and purchase agreement with PV Gas, a subsidiary of state-owned Petrovietnam, for the supply of gas from the Nam Du and U Minh discoveries offshore Vietnam.The agreement sets out terms for gas sales, with…
Italy’s Eni has made a gas discovery offshore Indonesia with estimated resources of about 5 trillion cubic feet (tcf) of gas and 300 million barrels of condensate.The discovery was made by the Geliga-1 exploration well in the Ganal block in the Kutei Basin…
A unit of Indonesia’s Pertamina has signed a production sharing contract (PSC) for the Lavender block, spanning onshore and offshore areas of Sulawesi island.PT Pertamina Hulu Energi Sulawesi Lavender will operate the block, which spans 8,206…
DeepOcean and Woodside Energy have completed a combined subsea inspection and 3D scanning campaign at the Sangomar field offshore Senegal.The campaign covered 69 subsea structures, including 17 subsea trees, using a methodology that allows inspection and 3D scanning to be performed simultaneously…
Vår Energi has submitted an amended plan for development and operation for the Goliat Gas Export project in the Barents Sea, aiming to increase production and extend the life of the Goliat field.The plan, submitted with partner Equinor to Norway’s Ministry of Petroleum and Energy…
Evolve Energy has signed a long-term power purchase agreement with Shell Energy Europe to secure electricity from the Race Bank offshore wind farm in the North Sea.The agreement runs until 2035 and will supply about 112 GWh of renewable electricity per year…
Exmar said it has launched conversion works for a new floating storage and regasification unit (FSRU) to support the expansion of the EemsEnergyTerminal in the Netherlands.The move follows the signing of a conditional charter agreement covering…
AF Gruppen has acquired all shares in Claxton Engineering Services to strengthen its position in offshore decommissioning, life extension and offshore wind.The agreed enterprise value is $86.1 million (£63.5 million), with the consideration…
U.S. oil major ExxonMobil, Energean and Helleniq Energy will sign a contract on Wednesday with Stena Drilling to start exploratory drilling in a western Greek offshore block, Greece's energy ministry said on Tuesday.ExxonMobil, Energean and…