Oil major Shell has acquired a share in the Transkei & Algoa blocks offshore South Africa from Impact Oil & Gas.Following completion of the transaction, first agreed on in November 2020, Shell is now the operator of the block with a 50% stake and Impact Oil & Gas owns the remaining 50%…
Norway's Equinor said on Monday it will take days for the energy company to have 'a clear picture' of Hurricane Ida's impact on its Titan oil platform in the U.S. Gulf of Mexico.Some oil companies have started aerial evaluations to evaluate…
A consortium of four Pakistani companies led by Pakistan Petroleum Limited (PPL), has won an exploration concession award for Offshore Block 5 in Abu Dhabi, marking the first time Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession…
Oil production in the U.S. Gulf of Mexico on Monday remained largely halted in the aftermath of Hurricane Ida, with 1.72 million barrels of output suspended, according to offshore regulator the Bureau of Safety and Environmental Enforcement (BSEE)…
Mexican state oil firm Petroleos Mexicanos (Pemex) said on Monday that it has resumed 421,000 barrels per day in oil production and brought back online 125 wells following a deadly fire at an offshore platform on Aug. 22.The accident in the…
U.S. oil major ExxonMobil has spudded the Sapote-1 well on the Canje Block, offshore Guyana. This is the company's third well in the block drilled this year. The first two wells, Bulletwood-1 and Jabillo-1, failed to find evidence of commercial hydrocarbons…
INEOS E&P has completed the acquisition of Hess' subsidiary Hess Denmark for $150 million. Hess will use the proceeds to fund its projects in Guyana.With the acquisition, first announced in March, INEOS has become the owner of 61.5% of the Hess-operated Syd Arne oil field…
Australia’s parliament last week passed legislation under which the government will be able to make offshore license owners pay for decommissioning and environmental remediation if they sell their offshore blocks and the new owner is then unable to meet its financial obligations…
China's top offshore oil and gas producer, CNOOC, has launched the country's first offshore carbon capture and storage (CCS) project in South China Sea, which is expected to store more than 1.46 million tonnes of carbon dioxide.As one of the…
Excelerate Energy will deploy one of its FSRUs in Bahia, Brazil, having recently successfully concluding negotiations with Petrobras over the tender process for the lease of the Bahia Regasification Terminal.Excelerate will deploy one of its…
UK-based oil firm Spirit Energy is set to decommission another oil field in the UK North Sea.Just days after receiving approval for the decommissioning plan for its Ensign field, Spirit Energy said Monday it would file a decommissioning program for its Chestnut field in the Central North Sea…
Oil and gas companies Rex International and Duta Marine have been awarded rights to operate the Rhu-Ara and Diwangsa clusters offshore Malaysia. Petronas signed the two Small Field Asset (SFA) Production Sharing Contracts with the two companies…
Hurricane Ida pummeled U.S. Gulf Coast energy suppliers, knocking out most of the region's offshore wells and nearly half its motor fuel production and drove prices broadly higher.The storm crashed on Sunday into the Louisiana coast, tearing through U…
Shell's Malaysian subsidiary Sarawak Shell Berhad has made a final investment decision (FID) on the Timi gas development, offshore Sarawak, in Malaysia. The Timi development will feature Shell Sarawak Berhad's first wellhead platform in Malaysia…
Big Roll Beaufort heavy transportation vessel, loaded with topsides destined for TotalEnergies' Tyra Phase 2 development off Denmark, reached the Danish North Sea on Sunday morning after a long journey from Singapore.Singapore's offshore platform…
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