Oil And Gas News

 

Jersey Oil & Gas Delays Greater Buchan Plans to Allow for Electrification Studies Completion

Aug 31, 2021

Jersey Oil & Gas, a UK-based company that is working to build its Greater Buchan Area oil production hub project in the UK North Sea said Tuesday it would delay the first oil date to allow for regional electrification studies to be completed, and their results incorporated in the development plans.The GBA hub project JOG is working on is envisioned to serve as a hub through which oil discoveries made by several operators in the Greater Buchan Area in the UK North Sea would be developed…

Europa Oil & Gas Names New CFO

Apr 28, 2022

Europa Oil & Gas, an oil and gas company with assets in the UK, Ireland, and Morocco focused has appointed Will Holland as Chief Financial Officer and Executive Director of the Company effective June 1, 2022.'Mr. Holland is a proven financier…

i3 Energy, Europa Oil & Gas Sign Farm-in Deal for Serenity Discovery

Apr 21, 2022

Oil and gas company i3 Energy has executed the farm-in agreement with Europa Oil & Gas following Europa's completion of its equity fundraising to fund its share of the upcoming Serenity appraisal well in the UK North Sea.  Under the agreement…

Cairn Hires Former BP Exec Smith as COO

Dec 30, 2021

Cairn Oil & Gas, India’s largest private exploration and production company, said it has appointed former BP executive Martyn Smith as chief operating officer.Smith is joining Cairn with 35 years' experience in reservoir and petroleum engineering and subsurface geoscience disciplines…

Noreco CEO Resigns

Nov 29, 2021

David B. Cook, the Chief Executive Officer of the oil and gas company Noreco, has resigned from his position and from the company board of directors.Noreco, which is working with TotalEnergies to redevelop the Tyra offshore gas field in Denmark…

United Oil & Gas Gets More Time at Offshore License in Jamaica

Nov 24, 2021

Oil and gas company United Oil & Gas (UOG) has won a two-year extension from the government of Jamaica for the Walton Morant Licence offshore Jamaica. The license will now run to January 31, 2024. United Oil & Gas was last year has been assigned…

Shell Enters Impact Oil & Gas' South Africa Offshore Blocks

Aug 31, 2021

Oil major Shell has acquired a share in the Transkei & Algoa blocks offshore South Africa from Impact Oil & Gas.Following completion of the transaction, first agreed on in November 2020, Shell is now the operator of the block with a 50% stake and Impact Oil & Gas owns the remaining 50%…

Ex-Total E&P Denmark Boss to Lead Green Transition of Ramboll's Oil & Gas Division

Aug 27, 2021

Danish engineering firm Ramboll has appointed Patrick Gilly, a former Managing Director of Total E&P Denmark as director to lead the green transition of its oil and gas services business.'The green transition is high on the agenda in Ramboll…

SNC-Lavalin Wraps Sale of Oil & Gas Business

Aug 17, 2021

Toronto-listed SNC-Lavalin has completed the closing of the sale of its Resources Oil & Gas business on August 15, following receipt of Saudi Arabian regulatory approval.SNC-Lavalin previously said that it had closed the sale of a substantial portion of its Resources Oil & Gas business on July 29…

Market Report: The Work Class ROV Market

Aug 02, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

An Overview of the Work Class ROV Market

Jul 25, 2021

Demand for work-class ROVs (WROV) has traditionally been determined by the state of the global offshore oil & gas industry. This is likely to remain the case in the short to medium-term. However, there’s a new kid on the block – offshore wind…

Actemium, Semco Maritime to Deliver Commissioning Services for Tyra Redevelopment

May 17, 2021

French oil firm Total has awarded a commissioning services contract for its Tyra Redevelopment Project in the Danish North Sea to a consortium comprised of Actemium Oil & Gas Commissioning and Semco Maritime.The Tyra Redevelopment Project is…

Wind-Powered Offshore Drilling Rigs in Canada: Saitec, WESI Get Gov't Funding

May 11, 2021

The Government of Canada has approved funding for Waterford Energy Services Inc. (WESI) and Saitec Offshore's project designed to power offshore drilling rigs using a plug-and-play renewable energy solution.The funding program aimed to support…

Jersey Oil & Gas Completes Cieco V&C Acquisition

Apr 07, 2021

UK-focused oil and gas company Jersey Oil & Gas (JOG) has completed the acquisition of Cieco V&C, a company that owns an interest in JOG-controlled Licence P2170, in the UK North Sea, from the Japanese companies Itochu and Jogmec.Under the agreement first announced on November 26…

Weir Wraps Sale of Oil and Gas Business

Feb 02, 2021

Weir Group has completed the previously announced sale of its oil and gas business to Caterpillar.The sale, for an enterprise value of $405m, subject to customary working capital and debt-like adjustments, was first announced on October 5, 2020…

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