Oil And Gas News

 

PTTEP Finds More Gas Offshore Malaysia

16 hours ago

Thai oil and gas company PTTEP has made a gas discovery at the Dokong-1 wildcat exploration well in Block SK417, located in the shallow waters of Baram Province, offshore Sarawak, Malaysia.PTTEP is the operator of the block with an 80 percent stake, while Petronas Carigali owns a 20 percent stakeThe Dokong-1 wildcat exploration well, spudded in November 2020,  was drilled to a total depth of 3,810 meters in mid-January 2021…

OPEC+ to Weigh Modest Output Boost, Sources Say

7 hours ago

PEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks in the battle against the pandemic.The…

The Netherlands: Six Oil and Gas Firms Launch Joint Well Decom Campaign

13 hours ago

Six oil and gas operators in The Netherlands, within the Nextep partnership, are working on a major campaign to decommission oil and gas wells as part of a single campaign. Nexstep, the Dutch association for decommissioning and reuse of oil and gas infrastructure…

Romania: BSOG to Start Gas Production from $600M Black Sea Project in November

16 hours ago

Romania-based Black Sea Oil & Gas (BSOG) will begin extracting natural gas from its $600 million offshore Romanian project in November, its chief executive said on Tuesday, but added further progress hinged on scrapping a disputed tax.The additional…

ExxonMobil Sells UK North Sea Fields to NEO for More Than $1B

16 hours ago

North Sea-focused oil company NEO Energy has struck a deal to buy ExxonMobil's UK North Sea assets, a month after it was announced the companies had started exclusive talks over a potential transaction.Backed by Norwegian private equity investor HitecVision…

Saudi Aramco Orders Offshore Modules for Marjan Field from Lamprell

17 hours ago

UAE-based energy industry facilities construction company Lamprell has won a 'large' contract to deliver offshore facilities and subsea components for Saudi Aramco's giant Marjan field. Lamprell defines a 'large contract' as between $51 and $150 million…

Petronas Strikes Oil Offshore Indonesia

19 hours ago

Malaysian oil company Petronas said Wednesday it had made an oil discovery at the Hidayah-1 exploration well, located within the North Madura II Production Sharing Contract (PSC), offshore East Java,  Indonesia. Petronas' subsidiary PC North Madura II Ltd…

Israel: TechnipFMC Wins More Karish Work

19 hours ago

Oilfield services giant TechnipFMC has secured more offshore oil and gas work with the oil and gas company Energean.After it in March 2018 received a $1.36 billion EPCI contract from Energean to supply an FPSO for the Tanin/Karish gas fields offshore Israel…

Oxy CEO: Low-carbon Business Earnings Could Match Oil

20 hours ago

Occidental Petroleum Corp expects its low-carbon business to generate earnings equal to its oil and gas production business in the coming decades, Chief Executive Vicki Hollub told analysts on Tuesday.Occidental has been an early mover among U…

Report: SBM Offshore Only Bidder for Petrobras' Mero 4 FPSO

21 hours ago

Brazil's state-controlled oil company Petrobras received only one proposal, from Dutch SBM Offshore, in a bid to contract construction of the Mero 4 oil platform [FPSO] in the Santos Basin pre-salt, two sources with knowledge of the matter told Reuters…

Subsea LiDar Specialist Ventures into Offshore Geophysical Survey Business

Feb 23, 2021

3D at Depth, a company specializing in commercial Subsea LiDAR (SL) laser technology, and a provider of underwater survey services and 3D data solutions, on Tuesday announced the launch of its offshore Geophysical Survey Services division. According to 3D at Depth…

UK-based Enermech Eyes Oil & Gas Work in Mozambique

Feb 23, 2021

Aberdeen-based energy industry services company EnerMech has appointed Celestino Maússe to the newly created role of Mozambique country manager as the company seeks to expand its business as local activity ramps up.In his new role, Enermech said…

Premier Oil, Chrysaor Merger Gets Approvals from Regulators in UK, Mexico

Feb 23, 2021

UK-based oil company Premier Oil said Monday that all of the regulatory conditions relating to its merger with Chrysaor 'have now been satisfied and all of the requisite anti-trust approvals have been received.'Premier oil said following receipt of notice from the Oil and Gas Authority (OGA)…

Neptune Energy Starts Production from Gjøa P1 Project Off Norway

Feb 23, 2021

Oil and gas company Neptune Energy said Tuesday it had brought online the Gjøa P1 development in the Norwegian sector of the North Sea.Gjøa P1 has been developed via a new subsea template, tied back to existing infrastructure on the Gjøa field…

TechnipFMC to Deliver Subsea System for Petronas' Limbayong project

Feb 23, 2021

Oilfield services company TechnipFMC has won a 'substantial' contract by Petronas Carigali in Malaysia for the provision of subsea systems and associated equipment for the Limbayong deepwater development offshore Malaysia. TechnipFMC will, through its subsidiary FMC Wellhead Equipment…

Current News

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OPEC+ to Weigh Modest Output Boost, Sources Say

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The Netherlands: Six Oil and Gas Firms Launch Joint Well Decom Campaign

The Netherlands: Six Oil and Gas Firms Launch Joint Well Decom Campaign

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