Oil And Gas News

 

First Gas from Tolmount Field Expected in July, Harbour Energy Says

Jun 23, 2021

London-listed oil and gas company Harbour Energy said Wednesday it expected the first production from its Tolmount field in the UK North Sea around the end of July.The Tolmount gas field is located in Block 42/28d, in the UK southern North Sea…

Heerema Breaks Jacket Installation Record at Johan Sverdrup Field

Jun 23, 2021

Dutch offshore installation firm Heerema Marine Contractors said Wednesday its heavy lift vessel Sleipnir had broken records on the Johan Sverdrup Phase 2 development project in Norway.'On June 18, Sleipnir successfully installed the 12,050 metric ton Johan Sverdrup processing platform (P2) jacket…

Valaris Tallies Jack-up Contract Off Qatar

Jun 22, 2021

Offshore drilling contractor Valaris said Tuesday that it had secured work for one of its jack-up drilling rigs off the coast of Qatar.The company said it was awarded a contract with North Oil Company, which will see the VALARIS JU-110 deployed…

Oil May Hit $100 but Volatility Will Grow, Say Energy CEOs

Jun 22, 2021

Benchmark oil prices could hit $100 a barrel and price volatility could also grow due to lower investments and the energy transition, the heads of top energy companies said on Tuesday.'There is quite a chance to reach $100 but we could see again…

Oil Settles Slightly Lower as OPEC+ Discusses Raising Production

Jun 22, 2021

Crude oil prices settled slightly lower on Tuesday after Brent rose above $75 a barrel for the first time in over two years, as OPEC+ discussed raising oil production.Brent crude futures settled down 9 cents to $74.81 a barrel after hitting a session high of $75…

NOV to Equip Eneti's New WTIV

Jun 22, 2021

NOV announced it has been awarded contracts for the design and the supply of equipment for a wind turbine installation jack-up vessel (WTIV) being built for Eneti. The new offshore wind player Eneti, formerly known as Scorpio Bulkers, ordered…

UK: OGA Toughens Stance, Eyes Zero Routine Flaring and Venting by 2030 'at the latest'

Jun 22, 2021

The UK oil and gas regulator on Tuesday issued guidance which it said set out a tougher approach to driving flaring and venting reductions, including the OGA's ability to stop production if flaring and venting is excessive.'Forecasts suggest…

UK Union Plans July Strike at Oil and Gas Terminal

Jun 22, 2021

UK's Unite union's Scotland unit on Tuesday said talks to prevent industrial action at Sullom Voe Terminal have ended with no movement on the part of Shetland Islands Council (SIC) to resolve the dispute over a long service award.Unless the Council accepts liability…

Dyna-Mac Secures FPSO Turret Module Gig

Jun 22, 2021

Singapore-based oil and gas module construction firm Dyna-Mac has said it has won additional work from existing customers, for a total provisional contract sum of S$8.0 million ($5,94 million). Dyna-Mac said it had secured an add-on work scope for an ongoing project in its yard…

Higher Oil Prices to Make Asset Sales Easier, BP Says

Jun 22, 2021

BP will be in the hydrocarbons business for decades to come, Chief Executive Bernard Looney told Reuters on Tuesday, while high oil prices are set to make its asset sales and transition to lower-carbon energy easier.Referring to worries that its green strategy could hit profits…

Malaysia's Serba Dinamik to Take Legal Action against KPMG

Jun 22, 2021

Malaysia's Serba Dinamik Holdings Bhd will take legal action against its auditor KPMG for negligence and breach of contract, its chairman Mohamed Ilyas Pakeer Mohamed said on Tuesday.KPMG has 'negligently red flagged some issues', he said at a news conference…

OPEC+ in Talks to Increase Oil Output from August

Jun 22, 2021

OPEC+ is discussing a further easing of oil output cuts from August as oil prices rise on demand recovery, but no decision had been taken yet on the exact volume to bring back to the market, two OPEC+ sources said on Tuesday.The Organization of the Petroleum Exporting Countries and allies…

Solstad Offshore Sells Platform Supply Vessel

Jun 22, 2021

Norwegian offshore vessel owner Solstad Offshore has sold another vessel. This time the platform supply vessel Far Spirit.The company said Tuesday the vessel had been sold by its subsidiary Farstad Marine to an undisclosed buyer.'Delivery of the vessel to the new owner took place today June 22nd…

DNV, Neptune Studying if Offshore Pipelines Can Be Reused for CO2 Transport

Jun 22, 2021

Neptune Energy has awarded DNV a contract for the carbon capture and storage (CCS) pipeline materials study which will assess the fracture and suitability of offshore pipelines for reuse in CO2 transport.The pipeline materials analysis is part…

Sakhalin Energy Wraps Maintenance at Offshore Platform

Jun 22, 2021

Russian liquefied natural gas producer (LNG) Sakhalin Energy said on Monday a planned shutdown on its Piltun-Astokhskaya-B (PA-B) offshore oil and gas production platform had been successfully completed.The PA-B platform was the first this year…

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