Norwegian oil and gas company Aker BP said Wednesday that the Norwegian Ministry of Petroleum and Energy (MPE) had approved a total of Aker BP's nine plans for development and operation (PDOs) and one plan for installation and operation (PIO)The…
BW Offshore has signed a short-term extension for Abo FPSO with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A.BW Offshore is in talks to divest the FPSO, operating at the Abo field offshore Nigeria, and seen as non-core to its FPSO fleet…
Oil and gas company Longboat Energy said Tuesday that a new license group had been formed, and an extended work period has been granted in Norwegian license PL1049 in the Norwegian North Sea, which has been stratigraphically split and renamed PL1049S…
AGR and Add Energy said Tuesday they were combining their expertise in drilling, wells, reservoirs, and energy transition technologies CCUS and geothermal under the AGR brand.This move follows the recent acquisition of AGR and Add Energy by global energy…
UK-based oil major BP, and India's Reliance Industries Limited (RIL) on Friday confirmed the start of production from the MJ field offshore India, following testing and commissioning activities. The MJ field represents the last of three major…
South Korea’s HD Hyundai Heavy Industries Co., Ltd. said Monday in a stock exchange announcement that it had received a contract to build a floating production unit for a client in Mexico.The contract, awarded by an oil developer in Mexico, is worth 1…
Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…
Italian energy group Eni said that synergies from the $4.9 billion acquisition of private equity-backed Neptune Energy could reach $1 billion as the two groups integrate their operations across key geographies. The acquisition announced on Friday…
Seagreen Wind Farm, a joint venture between SSE Renewables and TotalEnergies, achieved another landmark last week as the 114th and final wind turbine was installed.According to SSE Renewables, 76 of the 114 Vestas V164-10.0 MW turbines are now energized at the site…
Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…
French oil major TotalEnergies said Friday it had re-established the pipeline connection between the Tyra offshore field in the Danish North Sea and Denmark. 'This enables the gas export once the field resumes its production in the winter season…
The Norwegian Geotechnical Institute (NGI) said Wednesday it had won 'a significant' contract from the EnBW and BP joint venture for delivery of geo-consulting and laboratory testing services related to the development on the JV's Morgan, Mona…
The Indonesian government hopes to have the matter of the operatorship of the Indonesia Deepwater Development (IDD) gas project settled by next month after years of delay, the energy minister said on Friday.Operator Chevron, which owns a 62% stake…
Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared…
Once one of the world's key energy sources, Britain's North sea oil and gas output is poised for a further slump after shrinking by two thirds in the past 20 years, leaving the country increasingly dependent on imports. A windfall tax introduced…
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