Tuesday, December 18, 2018
Italian energy contractor Saipem plans to sign a deal this week with Novatek to build offshore platforms for the Russian firm's liquefied natural gas project, Arctic LNG 2, two sources close to talks told Reuters.Novatek aims to produce as much LNG as Qatar…
Rowan Companies plc announced that the Ralph Coffman, a 240-C Class harsh environment jack-up rig, has been awarded a one-well contract from CGX Resources in Guyana for an estimated duration of 60 days. The contract is expected to commence in the second quarter of 2019…
China's CNOOC Ltd plans to invest a record amount of money in oil and gas exploration in the next few years to raise the company's output and reserves, its chairman said on Tuesday.'The central government highly values oil exploration,' CNOOC's Chairman Yang Hua said at a company event…
Norwegian oil firm DNO has bought another 914,732 shares in Faroe Petroleum at 151.6 pence each, it said on Tuesday.The purchase, at just below the 152 pence per share price it has offered in a takeover bid for Faroe, adds slightly to DNO's stake…
A 78-percent refund on exploration aside, drilling is now so “cheap” in Norway, that the drill bit has become the preferred method for newcomer oil companies to get astride some production — quickly.That’s the verdict of Aker BP’s new head of exploration…
Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1…
UK-based Triton Knoll Offshore Wind Farm is consulting on the draft Decommissioning Programme for its 860MW offshore wind farm.'Triton Knoll’s draft Decommissioning Programme is underway, with all comments to be received no later than 25 January 2019…
Offshore engineering and construction specialist Subsea 7 has won an EPCI contract from Royal Dutch Shell for the Shearwater Fulmar Gas Line (FGL) Re-Plumb project, located approximately 140 miles east of Aberdeen in the UK central North Sea…
Norway-based offshore wind services company Fred. Olsen Windcarrier AS (FOWIC) has agreed to acquire a 51% stake in the owner of the Seafox 5, an offshore wind transport and installation vessel.By this move Fred Olsen Windcarrier will include this vessel under its commercial…
The global engineering company based in Oslo Aker Solutions announced that it will provide engineering services for BP’s Clair South project in the UK North Sea.The pre-FEED (Front End Engineering and Design) contract, which was awarded in September…
A video from Norway's Equinor outlines the road to production at the Aasta Hansteen gas field in the Norwegian Sea, which opened a new region for gas export to Europe when it came on stream on Sunday.“Located in 1,300 meters of water, this is…
Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola.Platina would be BP’s first…
Lundin Petroleum must redesign the electricity supply to its Edvard Grieg oilfield, in line with plans laid when the company won permission to develop the North Sea resource in 2012, the Norwegian energy ministry said on Friday.Currently powered with gas turbines…
Mexico aims to lift oil and gas production by almost 50 percent in the next six years and in January will award infrastructure and drilling contracts to develop 20 fields, state oil firm Petroleos Mexicanos said on Saturday.Octavio Romero, chief…
A number of institutional investors in ExxonMobil Corp have said they will file a shareholder resolution which calls on the world's largest oil company to set targets for lowering its greenhouse gas emissions.The call, led by the New York State…
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