Oil And Gas News

 

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

9 hours ago

Norway's risk management and quality assurance firm DNV GL has suspended work on the Nord Stream 2 gas pipeline project led by Russia's Gazprom for fear of being sanctioned by the United States, it said on Thursday.Nord Stream 2 runs alongside the existing Nord Stream pipeline in the Baltic Sea and is designed to boost the amount of Russian gas that can be shipped to Europe without having to go through Ukraine…

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

9 hours ago

Some 262 oil service workers at Schlumberger's Norwegian subsidiary plan to go on strike from Dec. 3 if negotiations with employers over pay and working conditions fail, the Safe trade union said on Thursday.The negotiations cover drillers, well service crews…

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

10 hours ago

Australian oil and gas Melbana Energy has been awarded two additional petroleum exploration permits offshore northern Australia, near the license containing the Beehive prospect.The application was made for the permit areas, designated as WA-544-P and NT/P87…

BP, Ithaca Energy Bring Online Vorlich Offshore Field

11 hours ago

Oil major BP and Ithaca Energy have started production from the Vorlich offshore oil field in the North Sea.The 30-million-barrel field has been developed through two wells with peak production expected to reach 20,000 barrels of oil equivalent gross per day…

ADNOC Awards Seismic Contract Worth up to $519 Million to BGP

14 hours ago

Abu Dhabi's national oil company ADNOC said Thursday it had awarded a contract worth up to $519 million to Chinese seismic contractor BGP to further expand the scope of what it says is the world’s largest combined 3D onshore and offshore seismic survey…

Report: ExxonMobil, Total in Talks Over Mozambique Gas Resource-sharing Deal

14 hours ago

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters…

Keppel Offshore & Marine Wins $74,7M FPSO Conversion Work

16 hours ago

Singapore's Keppel Offshore & Marine has won a contract from an unnamed repeat customer worth about S$100 million (USD 74,7 million) for the fabrication and integration work on a Floating Production Storage and Offloading vessel (FPSO).Scheduled for delivery in 4Q 2022…

Petrobras Cuts 5-year Spending Plan by 27%

17 hours ago

Brazil's state-controlled oil company Petroleo Brasileiro SA cut its five-year investment plan by 27% from a year ago to $55 billion to preserve cash, as the coronavirus pandemic drove down global oil demand and prices.In a filing on Thursday…

Jersey Oil & Gas to Buy Cieco V&C

18 hours ago

UK oil and gas exploration and production firm Jersey Oil & Gas (JOG), has agreed to buy Cieco V&C, a company which owns an interest in JOG-controlled Licence P2170, in the UK North Sea.The company has entered into a conditional sale and purchase…

Brazil: Petrobras Taps Shearwater Geo for Deepwater OBN Survey

18 hours ago

Seismic contractor Shearwater GeoServices has been awarded a large Ocean Bottom Node 4D Baseline survey in Brazil with the Brazilian national oil company Petrobras.The deepwater OBN survey will be carried out at the Jubarte Field in the Campos Basin…

Tokyo Gas Joins Chiba Offshore Wind Partnership

Nov 25, 2020

Japan's largest provider of city gas Tokyo Gas Co., Ltd. has joined the joint venture established by Shizen Energy Inc. and Northland Power Inc. in 2019 for the development of offshore wind projects in Chiba Prefecture, Japan, the partners announced Wednesday…

PetroVietnam Says Annual Output Unaffected by COVID-19

Nov 25, 2020

Vietnam's state oil firm PetroVietnam said on Wednesday it was on track to meet its targeted rate of production this year, despite the impact of the coronavirus pandemic and the fall in global crude oil prices.The company, formally known as Vietnam Oil and Gas Group…

Saipem Wins FEED Work for Ichthys LNG Project

Nov 25, 2020

Italian oilfield services firm Saipem confirms it has secured a contract award to conduct booster compression module (BCM) front end engineering and design (FEED) services for the INPEX-operated Ichthys LNG energy development offshore Australia…

Tullow Oil Shifts Its Focus to West Africa

Nov 25, 2020

Britain's Tullow Oil will commit 90% of its investments in coming years on its producing offshore oilfields in West Africa and put exploration on the back burner to reduce debt.Tullow, which was set up in the 1980s produce oil and gas in Africa…

Shell UK Gender Pay Gap Narrows Slightly in 2020

Nov 25, 2020

Royal Dutch Shell's female employees in Britain earned 18% less on average than their male colleagues in 2020, with the pay gap slightly narrowing from the previous year.In its annual UK diversity pay gap report, Shell also published for the…

Current News

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

Norway: Around 260 Schlumberger Workers Set to Strike over Pay

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

DNV GL Suspends Nord Stream 2 Pipeline Work for Fear of U.S. Sanctions

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

Australia: Melbana Energy Expands Offshore Acreage Near Beehive Prospect

BP, Ithaca Energy Bring Online Vorlich Offshore Field

BP, Ithaca Energy Bring Online Vorlich Offshore Field

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