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…

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…

UK: OGA to Take 'Blended Approach' with License Change Requests

Jan 13, 2021

The UK Oil and Gas Authority said Wednesday to would take a 'blended approach' when it comes to the companies' compliance with oil and gas license timelines, in the wake of the pandemic.The regulator had back in March 2020 said it would seek…

Petronas, T7's Tanjung Offshore Ink Offshore Platform Deal

Jan 05, 2021

Malaysian oil company Petronas Carigali has awarded Tanjung Offshore a contract for the provision of a mobile offshore production unit.Tanjong offshore will be responsible for the provision, operation, maintenance, of the offshore platform, as part of Bayan Redevelopment Project Gas Phase 2…

Weir to Deliver 1,800 Sets of Wellheads and Trees for PTTEP in Gulf of Thailand

Dec 21, 2020

Oilfield equipment supplier Weir Oil & Gas has signed a five-year contract with Thailand's national oil company PTT Exploration and Production (PTTEP) to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. The contract is valued at $70 million…

Current News

UK Court Hears Climate Case Against Tax Regime for Oil Firms

UK Court Hears Climate Case Against Tax Regime for Oil Firms

PGNiG Drills Duster at Fat Canyon Prospect Offshore Norway

PGNiG Drills Duster at Fat Canyon Prospect Offshore Norway

TotalEnergies Sells Gabon Terminal, Offshore Fields to Perenco for $350M

TotalEnergies Sells Gabon Terminal, Offshore Fields to Perenco for $350M

North Star Clinches More SOV Work at Dogger Bank Offshore Wind Farm

North Star Clinches More SOV Work at Dogger Bank Offshore Wind Farm

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