Oil and gas company Neptune Energy plans to speed up the process of making a discovery, cut exploration costs, and bring the oil finds online faster using a new digital subsurface program that will Neptune said the program's aim is to discover hydrocarbons 70% faster…
Stork Worley Integrated Solutions, a joint venture of American multinational engineering and construction firm Fluor Corporation, has secured a four-year framework agreement for EPCIC (engineering, procurement, construction, installation & commissioning)…
Neptune Energy announced it has begun seismic surveys in the Petrel field, located in the Bonaparte Basin of Australia, the first substantial investment in Petrel for five years.Neptune, on behalf of the Petrel JV, has entered into a non-exclusive…
Neptune Energy said on Friday there was only a 'remote' possibility it would launch an initial public offering next year, as the group was focused for now on exploration and bringing projects to production.Chief Executive Jim House also said…
Neptune Energy said it has been awarded an exploration permit for block F5 in the Dutch sector of the North Sea from the Ministry of Economic Affairs & Climate Policy.The block is located 200 kilometers north of Den Helder and 25 kilometers southwest of the Neptune-operated F3-B platform…
Neptune Energy said it has spud the first Duva well in the Norwegian North Sea.Neptune's first discovery in Norway, Duva holds around 88 million barrels and will be developed with with two oil producers and one gas producertied back to the Neptune…
Neptune Energy said it has appointed Pete Jones as VP of Operations for Europe.Jones, who previously served as UK Managing Director, joined Neptune in August 2018 and has overseen the growth of the UK business, including the sanctioning and development of its Seagull project…
Seadrill has secured a one-year contract with LLOG for the West Neptune operating in the US Gulf of Mexico, the offshore drilling contractor announced on Monday.Total contract value is expected to be approximately $74 million with commencement in December 2019…
Private-equity backed Neptune Energy reported an operating cash flow of $613 million for the first half of the year, up around 5% from a year earlier, as the potential stock market debutante eyes 2019 output of up to 155,000 barrel of oil equivalent…
The first subsea installation and construction campaign for the Duva field development is now underway with the installation of the Integrated Template Structure (ITS), Neptune Energy said on social media on Tuesday.The ITS is the first large…
UK-based subsea technology company Sonardyne said Australian headquartered subsea services firm Neptune has become the latest to adopt its new, all-in-one acoustic and inertial positioning technology platform to support offshore survey projects…
Norwegian authorities have approved development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the North Sea, operator Neptune Energy announced on Wednesday.The fields will be developed through subsea tiebacks connecting two templates to the nearby Gjøa platform…
Private equity-backed Neptune Energy expects output to slip to 155,000 barrels of oil equivalent per day (boed) this year, it said on Wednesday, as it reported operating cashflow of $362.3 million for the first quarter.It produced 162,000 boed…
Dutch offshore vessel operator Sea Mar Shipping has won a three-year plus 2 x one year options for its IRM (Inspection, Repair and Maintenance) vessel Sea Mar Splendid from Neptune Energy Netherlands.The vessel and crew will support Neptune…
Neptune Energy announced Monday it has completed the integration with the former VNG Norge business. The integrated business, Neptune Energy Norge, will be among the top five independent producers on the Norwegian Continental Shelf by equity…
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