Oil And Gas News

 

Trinidad and Tobago Extends Deadline for Shallow-Water Auction

Feb 29, 2024

Trinidad and Tobago on Thursday extended by almost two months a deadline to submit bids for an auction of shallow-water oil and gas blocks, the government said.Trinidad is Latin America's largest producer of liquefied natural gas (LNG) with installed capacity of 15 million metric tons per year…

Viaro Energy Grows North Sea Oil and Gas Portfolio

Feb 29, 2024

UK-based oil and gas company Viaro Energy has acquired full working interest in License P.2593 in the West of Shetland, which includes the Tuck gas discovery and the Boulmer prospect, along with several other prospects and leads in the area…

Vaalco Plans Baobab FPSO Upgrade Following Svenska Petroleum Acquisition

Feb 29, 2024

U.S. based oil and gas company Vaalco has entered a sales and purchase agreement to acquire Svenska Petroleum Exploration, including its non-operated interest in the producing deepwater Baobab field offshore Ivory Coast, for the gross amount of $66…

Wintershall Dea Ups Resource Estimate for Norwegian Sea Discovery

Feb 29, 2024

German oil and gas company Wintershall Dea has increased resource estimates for a gas/condensate discovery near the Dvalin field in the Norwegian Sea, following the drilling of an appraisal well with Transocean Norge rig.Wintershall Dea's appraisal…

Helix Secures Five-Year Decommissioning Contract in Gulf of Mexico

Feb 29, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has signed a five-year agreement with oil and gas company Talos Energy for decommissioning services in the U.S. Gulf of Mexico.Helix Energy Solutions will provide decommissioning services for offshore wells and infrastructure…

Energy Emerger Jack-Up Rig Booked for Work Offshore Oman

Feb 29, 2024

Masirah Oil, a 91.81% subsidiary of Rex International, has signed a contract for the Energy Emerger jack-up drilling rig that will be put to work at Yumna Field, offshore Oman.The rig, operated by Northern Offshore, will perform a multi-well program in the offshore Yumna Field in Block 50 Oman…

One Person Dies in Helicopter Crash as Part of Equinor’s SAR Training

Feb 29, 2024

One person has died following the crash of the helicopter outside Bergen in Norway, which was on a training assignment for Equinor’s SAR service for the Oseberg area in the North Sea.Bristow Group said that one of its search and rescue helicopters…

Exxon's Curveball Move in Guyana Alters Chevron-Hess Deal Prospects

Feb 28, 2024

ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country…

Norway Gives Nod to ConocoPhilips for Eldfisk North Oil Field Start Up

Feb 28, 2024

The Norwegian authorities have issued a consent to ConocoPhillips to start up the Eldfisk North oil filed in the North Sea.The Eldfisk North installation consists of two seabed templates for production and one for water injection, comprising a total of nine production wells and five injection wells…

Vaalco in Talks to Acquire Svenska Petroleum and Its West Africa Assets

Feb 28, 2024

U.S. based oil and gas company Vaalco has confirmed it is in discussions with Svenska Petroleum Exploration for the debt-free acquisition of the company whose primary asset is a 27.39% interest in Baobab field, offshore Ivory Coast in West Africa…

Petronas Signs Gas PSCs for BIGST and Tembakau Clusters Offshore Malaysia

Feb 28, 2024

Petronas, through Malaysia Petroleum Management (MPM), has signed production sharing contracts (PSCs) for two discovered resource opportunities (DRO) clusters, located offshore Malaysia.The BIGST Cluster was awarded to Petronas Carigali, and JX Nippon Oil & Gas Exploration (BIGST)…

Woodside and Kogas Agree LNG Supply Deal

Feb 27, 2024

Woodside has signed a sale and purchase agreement (SPA) with Korea Gas Corporation (KOGAS) for the long-term supply of LNG to Korea.The SPA provides for the supply of approximately 0.5 million tonnes per annum of LNG for a period of 10.5 years on a delivered basis…

Hess Remains Fully Committed to Buyout Deal with Chevron

Feb 27, 2024

Hess said on Tuesday that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron and it remains 'fully committed' to the deal.On Monday, Exxon Mobil said it may pre-empt Chevron's acquisition of a 30% stake in a giant Guyana oil block…

Helix Secures Deepwater Well Intervention Contract in West Africa

Feb 27, 2024

U.S.-based oil and gas services firm Helix Energy Solutions has been awarded a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Esso) at Erha and Usan fields, offshore Nigeria.The project is expected to…

Aramco Inks $6B Procurement Deals

Feb 27, 2024

Saudi oil giant Aramco has signed 40 corporate procurement agreements worth $6 billion with suppliers in the Kingdom of Saudi Arabia.The agreements aim to advance localization program, strengthen domestic supply chain, and contribute to the…

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