UK-based oil and gas company Dana Petroleum has awarded a contract to Subsea7 for the provision of subsea services for the Bittern field development, in the UK Central North Sea.The contract scope, whose value is between $50 million and $150 million, includes project management, engineering, procurement, construction and installation (EPCI) of a 22km 12-inch water injection pipeline.Subsea7's scope…
Kuwait has begun taking executive steps to merge two of its state-owned oil firms, news agency Kuna reported on Tuesday, as the OPEC producer seeks to restructure its energy industry.Kuwait National Petroleum Company (KNPC) plans to acquire Kuwait Integrated Petroleum Industries Company (KIPIC)…
U.S. oil production is expected to reach new heights in 2025, surpassing earlier projections, according to the U.S. Energy Information Administration’s (EIA) latest Short-Term Energy Outlook. The EIA now forecasts U.S. crude oil production will average 13…
Esgian provides an update on new jack-up contracts in the North Sea and Nigeria in its Week 33 Rig Analytics Market Roundup.Report SummaryContractsBorr Drilling 400-ft jackup Prospector 1 has secured a contract extension with ONE-Dyas for work offshore the UK and the Netherlands…
PTT Exploration and Production Public Company Limited (PTTEP) has developed a marine science data collection platform called the PTTEP Ocean Data Platform.The development marks Thailand’s first time using an offshore petroleum platform as a data collection station…
Namibia is aiming for first oil production from TotalEnergies’ Venus field in 2029/2030, the country's petroleum commissioner Maggy Shino said on Wednesday.The southern African country, which is yet to produce any oil or gas, has become a global…
JX Nippon Oil & Gas Exploration and Chevron New Energies, a division of U.S.-based Chevron, have signed a memorandum of understanding (MoU) that provides a framework to evaluate the export of carbon dioxide (CO₂) from Japan to carbon capture…
Oil and gas company Global Petroleum said Monday that the Namibian Ministry of Mines and Energy had given approval for the company and its partners to proceed to the First Renewal Period ('FRP') of Walvis Basin license PEL 94, with a duration of two years from September 2023 to September 2025…
Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, industry sources said. Kuwait Foreign Petroleum Exploration Company (Kufpec) hired Scotiabank to run the sale…
Torgeir Stordal has been appointed Director General of the Norwegian Petroleum Directorate (NPD). He has been filling the role since June of last year, and has now been appointed for a six-year term.Norwegian Minister of Petroleum and Energy…
Oilfield services firm TechnipFMC said earlier this week that it had appointed Robert G. Gwin, former President of Anadarko Petroleum Corporation, to its Board of Directors.Gwin was President of Anadarko Petroleum Corporation (“Anadarko”), one…
Vaar Energi's Balder X oil and gas project will cost $1.2 billion more than previously expected with petroleum output delayed by about nine months to the third quarter of 2024, the company said on Monday, sending its shares sharply lower.The changes reflect increased work scope…
Indian oil explorer and producer Oil and Natural Gas Corp said on Wednesday it signed a Heads of Agreement (HoA) with global petroleum giant ExxonMobil Corp for deepwater exploration in the country's East and West coasts.The two oil explorers…
Offshore drilling contractor Borr Drilling has secured a binding Letter of Award for its jack-up drilling rig Mist.The deal is with the Abu Dhabi-based Mubadala Petroleum for drilling in Thailand. The contract length has an estimated duration of 210 days…
Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…
Subscribe
