Oil And Gas News

 

Exxon to Load First Crude from Guyana This Weekend

Jan 17, 2020

The first-ever cargo of Guyana's crude for export is scheduled to begin loading this weekend so the oil can be processed at Exxon Mobil's refining system, the company told Reuters on Friday.Exxon has so far made 15 discoveries of oil reserves in Guyana, turning a risky exploration venture into one of the world's most promising oil mega-projects. The company is entitled to the first two crude cargoes to be exported from the Liza field…

Middle East: Offshore Drilling Spend Set to Soar

Jan 17, 2020

Offshore oil and gas exploration spending in the Middle East is set to grow significantly over the next few years, as onshore resources mature and become more numbered, Rystad Energy said Friday.'The most bountiful petroleum plays in the Middle…

TAQA Taking Over as Brae Field Operator

Jan 17, 2020

UAE-based oil company TAQA is set to take over operatorship over the Brae oil field in the UK sector of the North Sea from RockRose Energy.RockRose energy got hold of the licenses containing the Brae field last year, following the completion of the UK North Sea assets of the U…

GC Rieber Crew Boats Stay in Russian Far East

Jan 17, 2020

Norwegian offshore vessel owner GC Rieber Shipping has clinched two crew-boat contract extensions in the Russian Far East.Through its JV with Russian company Prisco, GC Rieber signed a new 1+1 year charter agreements with Sakhalin Energy Investment…

Angola: Eni Brings Agogo Field Online

Jan 17, 2020

Italian oil company Eni has produced first oil from its Agogo field offshore Angola, nine months after discovery.Eni brought the field online via the FPSO Ngoma located 15 kilometers from the oil field. The current output level is around 10…

Norway's December Oil Output Beats Forecast

Jan 17, 2020

Norway's oil production rose in December from the previous month, beating official forecast by 12.7% as the ramp-up of a major new field continued, the Norwegian Petroleum Directorate (NPD) said on Friday.Output from the giant Johan Sverdrup…

Equinor OK to Use Island Wellserver for LWI

Jan 17, 2020

Norway's Equinor has obtained regulatory consent to use the Island Wellserver vessel.The Petroleum Safety Authority Norway gave the oil company its approval to use the well intervention vessel in Norway in 2020.The consent applies to the use…

Oilfield Services Giants Start Year with Asset Sales

Jan 17, 2020

Schlumberger, Halliburton Co, and Baker Hughes Co have kicked off the new year by putting units up for sale, as the three largest names in oilfield services seek to reshape their businesses and adjust to falling demand.Oilfield service providers…

Transition or Transformation: Energy Opportunities

Jan 17, 2020

Dave Stewart, CEO of Wood’s Asset Solutions business in Europe, Africa, Asia & Australia, discusses how traditional upstream oil and gas businesses are responding to this transitional period to continue to provide sustainable, affordable, reliable and safe access to energy…

ION Reimaging 3D Data Offshore Uruguay

Jan 16, 2020

ION Geophysical Corporation, a provider of geophysical technology, services and solutions to the global oil and gas industry, has launched Tannat 3D, a multi-client reimaging program offshore Uruguay.Leveraging the ION’s existing regional UruguaySPAN data and subsurface knowledge…

GE Wins Scottish Substation Frame Deal

Jan 16, 2020

A flurry of North Sea and North American offshore substation awards culminated Thursday in a contract award to GE Renewable Energy’s Grid Solutions business from EDF Renewables and ESB for their Neart na Gaoithe offshore wind project.GE said…

Eni, Total Win Three Angola Blocks

Jan 16, 2020

Italian oil major Eni and France's Total were among the successful bidders for rights to develop three offshore blocks in Angola out of 10 auctioned late last year, the country's petroleum regulator said on Thursday.Eni and Total won operator…

Suncor Ordered to Install Fall Protection Systems on FPSO

Jan 16, 2020

The Canadian offshore safety regulator for Newfoundland and Labrador C-NLOPB has ordered oil company Suncor to install fall-protection systems on ladders aboard its Terra Nova FPSO.The order comes two weeks after a worker aboard Suncor's Terra…

Eni's Goliat Output Cut by Technical Issues

Jan 16, 2020

Technical problems cut the oil output from Eni's Arctic Goliat field off Norway by almost 40% during the first ten months of last year, although the issues have since been resolved, the Italian company's local unit told Reuters.The field, which started production in March 2016…

Oil Firms' Social License to Operate 'Under Threat'

Jan 16, 2020

The oil and gas industry might lose the social license to operate, and if it doesn't act quickly on helping solve the climate change problem, there may be no second chance.Tim Eggar, the Chairman of the UK Oil and Gas Authority (OGA) addressed…

Current News

Exxon to Load First Crude from Guyana This Weekend

Exxon to Load First Crude from Guyana This Weekend

Middle East: Offshore Drilling Spend Set to Soar

Middle East: Offshore Drilling Spend Set to Soar

Saipem, Italian Police Sign Cyberattack Prevention Deal

Saipem, Italian Police Sign Cyberattack Prevention Deal

TAQA Taking Over as Brae Field Operator

TAQA Taking Over as Brae Field Operator

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