Oil And Gas News


Saipem Secures $850M Contract from Eni-BP Joint Venture Offshore Angola

May 17, 2024

Italian offshore energy services firm Saipem has secured a contract from Azule Energy, a joint venture between Eni and BP, for the development of Ndungu field as part of Agogo Integrated West Hub Project, offshore Angola.Saipem’s scope of work entails the engineering, fabrication, transportation and installation of approximately 60 km of rigid pipelines and of the subsea facilities at a depth of around 1…

Norway's Wealth Fund Asks Shell for More Climate Policy Details

May 17, 2024

Norway's $1.6 trillion sovereign wealth fund urged Shell on Friday to give investors more information about its revised climate targets, but said it would not back a call by a group of 27 shareholders for the oil company to strengthen those targets…

Australia's Carnarvon Energy Seeks Bids for Company or Asset Sale

May 17, 2024

Australian oil and gas explorer Carnarvon Energy is seeking a buyer for the company or its assets, including its share in the Dorado oil field co-owned with local producer Santos, a document prepared by adviser JPMorgan showed.The company's strategic review…

Anchoring Ops for FPSO Atlanta Start Offshore Brazil

May 16, 2024

Oil and gas company Enauta has started anchoring operations for the floating production storage and offloading (FPSO) unit Atlanta in Santos Basin, offshore Brazil.As planned, the FPSO Atlanta arrived at Atlanta Field in Santos Basin on May 11…

DNO Completes Acquisition of Stake in UK’s Arran Field

May 16, 2024

DNO, the Norwegian oil and gas operator, has completed the acquisition of a 25% interest in the Arran field on the UK Continental Shelf from ONE-Dyas E&P.The field is operated by Shell UK (44.57%) and was brought on stream in 2021 as a subsea tie-back to the Shell-operated Shearwater A platform…

Diamond Offshore Nets $350M for Ocean BlackHawk Drillship Contract Extension

May 16, 2024

U.S.-based offshore drilling company Diamond Offshore has secured a contract extension with Anadarko Petroleum, a wholly owned subsidiary of Occidental, for Ocean BlackHawk drillship in the U.S. Gulf of Mexico.The two-year contract extension…

Petronas Makes Oil and Gas Discovery Offshore Suriname

May 16, 2024

Petronas Suriname E&P, a subsidiary of Malaysia’s energy company Petronas, has made a third hydrocarbon discovery at the Fusaea-1 exploration well in Suriname’s Block 52.The discovery is located about 170 kilometers offshore and 9 kilometers east from Roystonea-1…

Odfjell Technology Nets $14.8M Offshore Drilling Services Job for COSL

May 15, 2024

Drilling and well services provider Odfjell Technology has secured a contract with COSL Drilling Europe, valued at approximately $14.8 million.The fixed part of the three-year contract encompasses tubular running services, with the option for two additional one-year periods…

Kent Gets FEED Contract for Hejre Project in the North Sea

May 15, 2024

Energy services firm Kent has secured a key Front-End Engineering Design (FEED) contract for INEOS' Hejre project.The Hejre project, an offshore High Pressure High Temperature (HPHT) development, is located in the Danish sector of the North Sea…

ABL Group to Acquire Ross Offshore

May 15, 2024

Global consultancy ABL Group has entered into an agreement to acquire 100% of the shares of specialist energy consultancy Ross Offshore from Moreld Group.Following completion of the transaction, Ross Offshore will merge with ABL Group company AGR…

Brazil Pushes Out Petrobras CEO, Names Ex-Regulator to Top Job

May 15, 2024

The chief executive of Brazil's Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference.Brazilian…

ExxonMobil Strikes Oil Offshore Angola

May 15, 2024

ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area.The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil…

Petrobras Resists Order to Assess Indigenous Impact of Amazon Drilling

May 14, 2024

Brazil's state-run oil firm Petrobras is resisting regulatory demands requiring it to assess the impact on Indigenous groups of drilling in an offshore basin near the mouth of the Amazon River, Chief Exploration and Production Officer Joelson Mendes told journalists on Tuesday…

Indonesia to Ask Mubadala to Speed Up South Andaman Gas Development

May 14, 2024

Indonesia will ask Mubadala Energy to accelerate gas development in Indonesia's South Andaman Block after the United Arab Emirates explorer made a second discovery there, Dwi Soetjipto, chairman of upstream regulator SKK Migas, said on Tuesday…

Indonesia Offers Five Oil and Gas Blocks, Pledges to Boost Exploration

May 14, 2024

Indonesia launched its first oil and gas auction this year offering five blocks on Tuesday, while the government pledged to boost exploration in an effort to reverse output declines in a country that was once a net oil exporter.'To meet oil and gas demand…

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