Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore's KrisEnergy Ltd and the government, both parties said on Tuesday, bringing an end to years of delays.Prime Minister Hun Sen…
Romanian oil and gas company OMV Petrom has agreed to sell its onshore oilfields in Kazakhstan, and focus on the Black Sea region.OMV Petrom said Tuesday it had signed the transaction for the sale of its 100% shareholding in Kom-Munai LLP (KOM)…
The Coronavirus and a surge of available connectivity means take up of new E&P technologies is stronger than ever, writes Tore Morten Olsen, President, Maritime, Marlink.The oilfield of the future is a concept that was emerging before the Coronavirus…
Japanese engineering and construction company Chiyoda has won a deal to design, develop, and engineer a Floating, Storage, Re-gasification and Power Generation unit in Papua New Guinea ('PNG') for Papua New Guinea’s national oil and gas company Kumul Petroleum…
Mooring systems provider SOFEC has cut the first steel for the turret mooring system being built for the Senegal-bound Sangomar field FPSO.SOFEC is responsible for all engineering, procurement, and construction (EPC) activities related to the…
Mediterranean Sea-focused oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30% shareholding in Energean Israel, which would result in Energean owning a 100% stake in the company.Energean Israel holds a 100% working interest in the Karish and Tanin leases…
Brazilian oil firm Petrobras has said it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin, offshore Brazil.The well is located 188 km from the…
The Russia-led Nord Stream 2 consortium is expected to start laying gas pipes in Danish waters after construction was suspended for a year owing to the threat of sanctions from the United States, according to a Danish maritime regulator.Nord Stream 2…
Brazilian oil company Enauta has agreed to take full ownership of the working interest in Block BS-4, offshore Brazil, where the producing Atlanta field is located.The company, previously known as Quireoz Galvao, opted to take over an additional…
Scotland-based energy company SSE plc has agreed to sell all of its interests in its portfolio of gas exploration and production (E&P) assets to Viaro Energy for a total consideration of up to £120 million (around $160 million). The diverse…
Norwegian oil firm Equinor has, with its partners, decided to invest around NOK 3 billion (USD345,8 million) to boost recovery from the Statfjord Øst offshore field by 23 million barrels of oil equivalent.Statfjord Øst, sitting in the North Sea…
Australian oil and gas player Talon Petroleum has recently been awarded three new exploration licenses in the UK Central North Sea (UKCS). The new license awards were part of the recent 32nd Offshore Licensing Round offered by the UK Oil and Gas Authority…
Norwegian offshore vessel operator Rem Offshore said Tuesday it had secured a contract extension for its Rem Saltire offshore vessel.Rem Offshore said in a stock exchange filing it 'has been awarded an extension to the existing contract which will secure utilization for 2021…
Qatar-based energy shipping company Nakilat said Monday it had assumed the technical ship management and operations of the Floating Storage and Regasification Unit (FSRU) Exquisite from Excelerate.The FSRU is jointly owned by Nakilat and Excelerate through a joint venture established in 2018…
In 2017, the Brazil National Petroleum Agency (ANP) issued a failure mode alert: stress corrosion cracking (SCC-CO2) triggered by the presence of CO2 in high-pressure pre-salt conditions had been identified as the cause of broken tensile armor wires on a certain flexible pipe installation…
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