Singapore’s Keppel is in a deal with Malaysia’s Petronas to buy up to 1 million-tonne of liquefied natural gas (LNG) per year, over a period of 10 years. The deal is between Keppel Infrastructure Holdings through its indirect wholly-owned subsidiary…
Following evidence submitted to the Treasury for its recent consultation on the North Sea tax regime, Oil & Gas UK has this week made a further representation, repeating calls for urgent reform in light of escalating industry costs and the falling oil price…
BP has added to its portfolio of enhanced oil recovery (EOR) technologies with a robotic coreflooding system. 'It will give us ten times increase in capacity to test out new EOR techniques on core samples,' Bob Dudley, BP group chief executive…
Cairn Energy strikes again in Senegal as its second find hit high quality oil at the SNE-1 well off West Africa. Map of Senegal. From Cairn. SNE-1 is located approximately 100km offshore…
Underlying structural issues with the North Sea exploration sector will need to be ironed out before the true impact of the latest licensing round and other recent UK licensing rounds is known, says oil and gas advisory firm Hannon Westwood…
Oil & Gas UK recognized EnQuest on its success in extending the life of one of the North Sea’s older assets and awarded the company the business innovation title in the large enterprise category. EnQuest wins oil & Gas UK award for Business Innovation…
Australian companies Neon Energy and MEO Australia announced they entered into a merger implementation agreement, under which the companies have agreed to merge by way of an MEO scheme or arrangement. Under the arrangement, MEO shareholders will receive 0…
UK-based Centek Group opened it its new US$13 million factory and expects to increase its UK production capacity. The expanded works in Newton Abbot, Devon, occupies 75,000sq ft, which with the US factory that opened in 2012 gives a total of 147…
BP awarded Emerson Process Management a US$40 million contract to be the main automation contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Upon the terms of the agreement, Emerson will…
Petroleos Mexicanos (Pemex) will develop a US$6 billion gas liquefaction facility on the Pacific coast to enhance its export opportunities to Asia. The company said that it is aiming for a 2020 start date. The goal is to take advantage…
Calgary-based Talisman Energy has said it may suffer writedowns on its UK North Sea assets in Q4 due to battling production efficiency and cost issues on its assets in the basin. In its third-quarter report, Talisman said its UK North…
Seadrill Partners LLC and Seadrill Ltd. entered into an agreement to sell the ultra deepwater drillship West Vela to the company’s 51% owned subsidiary Seadrill Capricorn Holdings LLC. Seadrill says the acquisition, that includes…
The 3Q 2014 Oil & Gas UK Business Sentiment Index published on 30 October shows that optimism in the sector continues to decline with a drop from two points above zero on the -50 to +50 index to seven points below zero. Published quarterly…
ConocoPhillips is dropping out of the Coronado prospect located in Walker Ridge Block 52 in the deepwater Gulf of Mexico. The company was in a joint venture with Anadarko Petroleum Corp. as the operator with, Chevron Corp. and Venari Resources LLC…
Chevron Corp. made a new oil discovery in the Keathley Canyon Block 10 located at the Guadalupe prospect in the deepwater US Gulf of Mexico. Transocean’s Discoverer India. From Chevron. Well No…
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