Navitas Petroleum News

 

LLOG Charters Transocean Rig for Shenandoah Drilling

Jul 03, 2020

U.S. oil company LLOG has chartered a Transocean drilling rig for the drilling of wells at the Shenandoah project in the Gulf of Mexico.The news was announced on Thursday by Navitas, LLOG's partner in the project (PDF in Hebrew), who said the contract was for four development wells…

Rockhopper Reducing Headcount, Directors' Salaries

May 19, 2020

Oil and gas company Rockhopper, with a share in the Sea Lion project off the Falkland Islands, has announced a set of cost-cutting measures which include headcount reductions, and directors' salary reduction.The company said Tuesday that due…

Qatar Petroleum to Acquire Share in Total's Ivory Coast Offshore Blocks

May 18, 2020

Qatari-state owned oil and gas company Qatar Petroleum has signed a farm-in deal with France's Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore Ivory Coast.The two blocks cover an area of approximately 3…

Premier Oil Shelves $1.8B Falkland Islands Offshore Project

May 13, 2020

UK-based oil and gas operator Premier Oil has said it has suspended the Sea Lion-1 oil project offshore the Falkland Islands.The company said the $1.8 billion offshore oil project would be suspended to minimize ongoing spend in light of the current market conditions…

Qatar Petroleum Farms into Total's Offshore Blocks in Mexico

May 07, 2020

Qatar's state-owned oil and gas company Qatar Petroleum has signed three farm-in agreements to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche Basin, offshore Mexico.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs…

Qatar Books Chinese Shipyard Capacity in LNG Carrier Fleet Expansion Push

Apr 22, 2020

Qatari state-owned oil and gas company Qatar Petroleum has signed a deal to reserve LNG ship construction capacity in China in a deal potentially worth more than $3 billion.QP said that the reserved LNG carrier construction capacity would be used for QP’s future LNG carrier fleet requirements…

Rockhopper: All Parties Committed to Sea Lion Farm-Out Despite Oil Price Rout

Mar 20, 2020

Rockhopper Exploration, a partner in Premier Oil-operated Sea Lion offshore oil project in the Falkland Islands, is confident it will manage to farm-out a share in the project despite the low oil prices and COVID-10 uncertainty.The two companies…

PGNiG Norway Contracts APT

Feb 06, 2020

Norwegean geological services company Applied Petroleum Technology (APT) said that PGNiG Upstream Norway AS (PGNiG) has appointed it to conduct post-drilling analyses of its recent Shrek discovery in the Norwegian Sea.Under the agreement, Applied…

Independent Operators Lead 2020 FPSO Surge

Feb 04, 2020

2020 will be a peak year for floating production, storage and offloading unit (FPSO) demand with up to 14 awards forecast in Wood Mackenzie’s base case scenario, half of which will be located offshore Latin America. Only two of these facilities are expected to be Petrobras units…

Premier Oil, Rockhopper in Sea Lion Farmout Push

Jan 08, 2020

Premier Oil and Rockhopper, two oil companies working to develop the Sea Lion oil field offshore the Falkland Islands, have welcomed Navitas as their potential new partner in the project.The companies have signed non-binding heads of terms with Navitas Petroleum…

LLOG Orders 20k Trees for Shenandoah

Oct 15, 2019

US-based LLOG has ordered subsea trees designed for pressures up to 20,000 pounds per square inch (psi) for its deepwater Shenandoah development in the US Gulf of Mexico.The subsea trees, ordered from TechnipFMC on Tuesday, mark the first material…

Qatar Petroleum Takes Over Offshore Oilfields

Oct 07, 2019

Qatar Petroleum has assumed operatorship of the Idd el-Shargi North Dome and South Dome offshore oilfields, the company said in a statement.Development and production sharing agreements with Occidental Petroleum of Qatar Ltd. for both oilfields expired on Oct…

With New Boss, It's Time NNPC Walked the Talk

Jul 11, 2019

Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…

LLOG Begins Production at Buckskin

Jun 26, 2019

US-based LLOG Exploration announced on Tuesday that it has started production from the large-scale deepwater Buckskin project in the US Gulf of Mexico. Buckskin, which is located on Keathley Canyon blocks 785, 828, 829, 830, 871 and 872 in approximately 2…

African Petroleum Stands on Slippery Ground

May 02, 2019

UK-based exploration and production company African Petroleum continues to lay claim to offshore Block 1A in The Gambia even after the government of this tiny West African country reportedly signed an agreement with oil major BP for the likely lucrative asset…

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