Oil And Gas News

 

Wintershall Dea Ups Resource Estimate for Norwegian Sea Discovery

Feb 29, 2024

German oil and gas company Wintershall Dea has increased resource estimates for a gas/condensate discovery near the Dvalin field in the Norwegian Sea, following the drilling of an appraisal well with Transocean Norge rig.Wintershall Dea's appraisal well 6507/4-4 S was drilled to confirm the size of the previous discovery 6507/4-2 S (Adriana), which was made in 2021.Before well 6507/4-4 S was drilled…

Mermaid Sets Up Subsea Services JV in Vietnam

6 hours ago

Mermaid Maritime has established a joint venture (JV) with Tan Cang Offshore Services in Vietnam which will offer subsea services for the country’s offshore sector.The primary activities of the newly formed JV will be to offer vessel chartering…

Diamond Offshore’s Drillship on Extended Stay with BP in Gulf of Mexico

8 hours ago

U.S.-based offshore drilling company Diamond Offshore has secured a two-year contract extension with a subsidiary of BP in the U.S. Gulf of Mexico for the Ocean BlackHornet drillship.The contract is starting in February 2025 in direct continuation of the rig's current contract…

Gulf Cooperation Council Weighs in on Durra Gas Field Dispute

Mar 03, 2024

A Gulf Cooperation Council (GCC) ministerial meeting said on Sunday in a communique that the entire Durra gas field and its natural resources are jointly and only owned by Saudi Arabia and Kuwait, the Saudi state news agency reported.Iran has…

Green(er) Rigs Put Stena Drilling at Forefront of O&G Decarb Push

Mar 01, 2024

As the offshore oil and gas industry transitions to more sustainable practices, drilling rig operators are faced with demands to implement greenhouse gas (GHG) abatement measures as part of their workload. Being the owner of the first ever drillship that secured DNV’s Abate(P) notation…

Trinidad and Tobago Extends Deadline for Shallow-Water Auction

Feb 29, 2024

Trinidad and Tobago on Thursday extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the government said.Trinidad is Latin America's largest producer of liquefied natural gas (LNG) with installed capacity of 15 million metric tons per year…

Viaro Energy Grows North Sea Oil and Gas Portfolio

Feb 29, 2024

UK-based oil and gas company Viaro Energy has acquired full working interest in License P.2593 in the West of Shetland, which includes the Tuck gas discovery and the Boulmer prospect, along with several other prospects and leads in the area…

Vaalco Plans Baobab FPSO Upgrade Following Svenska Petroleum Acquisition

Feb 29, 2024

U.S. based oil and gas company Vaalco has entered a sales and purchase agreement to acquire Svenska Petroleum Exploration, including its non-operated interest in the producing deepwater Baobab field offshore Ivory Coast, for the gross amount of $66…

Helix Secures Five-Year Decommissioning Contract in Gulf of Mexico

Feb 29, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has signed a five-year agreement with oil and gas company Talos Energy for decommissioning services in the U.S. Gulf of Mexico.Helix Energy Solutions will provide decommissioning services for offshore wells and infrastructure…

Energy Emerger Jack-Up Rig Booked for Work Offshore Oman

Feb 29, 2024

Masirah Oil, a 91.81% subsidiary of Rex International, has signed a contract for the Energy Emerger jack-up drilling rig that will be put to work at Yumna Field, offshore Oman.The rig, operated by Northern Offshore, will perform a multi-well program in the offshore Yumna Field in Block 50 Oman…

One Person Dies in Helicopter Crash as Part of Equinor’s SAR Training

Feb 29, 2024

One person has died following the crash of the helicopter outside Bergen in Norway, which was on a training assignment for Equinor’s SAR service for the Oseberg area in the North Sea.Bristow Group said that one of its search and rescue helicopters…

Exxon's Curveball Move in Guyana Alters Chevron-Hess Deal Prospects

Feb 28, 2024

ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country…

Norway Gives Nod to ConocoPhilips for Eldfisk North Oil Field Start Up

Feb 28, 2024

The Norwegian authorities have issued a consent to ConocoPhillips to start up the Eldfisk North oil filed in the North Sea.The Eldfisk North installation consists of two seabed templates for production and one for water injection, comprising a total of nine production wells and five injection wells…

Vaalco in Talks to Acquire Svenska Petroleum and Its West Africa Assets

Feb 28, 2024

U.S. based oil and gas company Vaalco has confirmed it is in discussions with Svenska Petroleum Exploration for the debt-free acquisition of the company whose primary asset is a 27.39% interest in Baobab field, offshore Ivory Coast in West Africa…

Petronas Signs Gas PSCs for BIGST and Tembakau Clusters Offshore Malaysia

Feb 28, 2024

Petronas, through Malaysia Petroleum Management (MPM), has signed production sharing contracts (PSCs) for two discovered resource opportunities (DRO) clusters, located offshore Malaysia.The BIGST Cluster was awarded to Petronas Carigali, and JX Nippon Oil & Gas Exploration (BIGST)…

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