Oil And Gas News

 

Delmar Systems to Deliver Moorings for TotalEnergies’ Culzean Floating Wind Pilot

Dec 11, 2024

Delmar Systems has been selected to deliver mooring scope for TotalEnergies’ Culzean floating wind pilot project, which will supply renewable electricity to an offshore oil and gas platform in the North Sea.Delmar Systems was hired by Archer Wind…

Shell Settles Lawsuit with Greenpeace Over Vessel Boarding Incident

Dec 11, 2024

British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.Greenpeace said it had agreed to pay 300,000 pounds ($382,650) to the Royal National Lifeboat Institute (RNLI)…

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Dec 10, 2024

French energy major TotalEnergies has completed the acquisition of OMV’s and Sapura Upstream Assets’ in SapuraOMV Upstream (SapuraOMV), an independent gas producer in Malaysia.SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310…

Petrobras Plans Major Investment Cut for Oil and Gas Platforms Decommissioning

Dec 10, 2024

Brazil's state-run oil firm Petrobras cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters…

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Dec 10, 2024

Kuwait Foreign Petroleum Exploration Company (KUFPEC) is looking at more oil and gas opportunities in Indonesia's Natuna Sea, its country representative said on Monday, with Indonesian President Prabowo Subianto looking to boost the country's production…

Equinor Delays Johan Castberg Field Start-Up to Early 2025

Dec 10, 2024

Equinor and its partners Vår Energi and Petoro have postponed the start-up of Johan Castberg field, located in the Norwegian part of the Barents Sea, to January or February 2025 from the initial plan to bring the field on stream by the end of 2024…

Harbour Energy Confirms Gas Discovery in Norwegian Sea

Dec 10, 2024

Harbour Energy has proven gas discovery in an appraisal well in the Norwegian Sea, drilled with Transocean Norge semi-submersible drilling rig.The gas has been proven in an appraisal well 6507/4-5 S, in license 211 CS, located 270 kilometers north of Kristiansund…

Borr Drilling Norve Jack-Up to Stay in West Africa Under New Contract

Dec 10, 2024

Offshore drilling contractor Borr Drilling has secured a contract for its Norve jack-up rig for drilling operations in West Africa.The work, with a repeat customer whose name was not disclosed, is in direct continuation of the Marathon Oil contract and is estimated to begin in third quarter of 2025…

Australia Lays Out Decommissioning Roadmap

Dec 09, 2024

Australia’s Department of Industry has released an Australian Offshore Resources Decommissioning Roadmap that supports the Australian Government’s plan for a Future Made in Australia.Oil and gas titleholders will spend an estimated $60 billion…

SLB Introduces AI-Driven Tool for More Efficient Autonomous Drilling Solutions

Dec 09, 2024

Global energy technology company SLB has introduced Neuro autonomous geosteering, which dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations…

Petronas Awards PSCs for Nine Fields and One Exploration Block off Malaysia

Dec 09, 2024

Malaysia’s state-owned energy giant Petronas has awarded Production Sharing Contracts (PSCs) for three oil and gas clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, with Shell and ConocoPhillips among the winners…

Equinor Exits Nigeria and Azerbaijan in $2B Oil and Gas Assets Sale

Dec 09, 2024

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion.After more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading…

Sunda Energy Closing in on Jack-Up Deal for Chuditch-2 Appraisal Well

Dec 09, 2024

Sunda Energy, the AIM-quoted exploration and appraisal company focused on gas assets in Southeast Asia formerly known as Baron Oil, has entered into a non-binding Letter of Intent (LOI) with an unnamed drilling contractor for the use of its…

DNO Boosts North Sea Output with Trym Field Production Restart

Dec 09, 2024

Norwegian oil and gas operator DNO has restarted production at its Trym field in the Norwegian North Sea, which is tied-back to Tyra field’s infrastructure, after five-year shutdown.First commissioned in 2011, Trym is expected to contribute 3…

Sembcorp Signs 10-Year LNG Supply Contract with Chevron

Dec 06, 2024

Sembcorp Industries has signed a Sale and Purchase Agreement (SPA) with Chevron’s Singapore branch to import up to 0.6 million tonnes of liquefied natural gas (LNG) year, starting from 2028.The LNG deliveries will take place over the course of 10 years as agreed by the companies…

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