Oil And Gas News

 

New Well at Bittern Field Linked to Triton FPSO Stabilizes Production

Oct 02, 2024

Serica Energy has informed that the B6 well on the Bittern field, which started initial flowback to the Triton FPSO in September 2024, is now producing at a stable rate.The well is producing oil and gas at a combined gross rate of around 8,000 boepd…

Petrobras to Buy Stake in Oil and Gas Block Offshore South Africa

Oct 02, 2024

Brazilian state-run oil company Petrobras has received approval from its board to acquire a 10% stake from TotalEnergies in Deep Western Orange Basin (DWOB) block, offshore South Africa.The DWOB block is located in deep waters in the Orange Basin…

TotalEnergies Greenlights $10.5B GranMorgu Oil Development Offshore Suriname

Oct 01, 2024

TotalEnergies has made the final investment decision (FID) for the GranMorgu development in Block 58 offshore Suriname, which includes Sapakara and Krabdagu oil discoveries.The GranMorgu project will develop the Sapakara and Krabdagu oil discoveries…

Norway Invites Industry to Take Another Look at One of Its Largest Remaining Gas Discoveries

Oct 01, 2024

The Norwegian Offshore Directorate (NOD) has issued a ‘challenge’ for the industry to have another go at Victoria discovery, one of the largest remaining gas discoveries in the Norwegian Sea, as the innovations within hydraulic fracturing now…

US FTC Greenlights Chevron-Hess Deal

Oct 01, 2024

The U.S. Federal Trade Commission allowed Chevron's $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron's board.The FTC's order leaves Exxon Mobil's challenge to the deal, which is expected to stretch deep into next year…

TotalEnergies Set to Make FID for $10B Development Offshore Suriname

Oct 01, 2024

French oil major TotalEnergies will sign a final investment decision (FID) on Tuesday for a more than $10 billion offshore oil and gas development in Suriname, the South American country's first, said four sources with knowledge of the project…

German Independent Inspections Firm Acquires Safetec

Oct 01, 2024

German company TÜV Rheinland has acquired Safetec, a risk management consulting company in Norway active across oil and gas, renewables, and maritime sectors.Safetec’s operations will complement the existing risk, safety and integrity management…

SLB, Patterson-UTI, and ADNOC JV to Accelerate $1.7B Drilling Campaign in Abu Dhabi

Oct 01, 2024

ADNOC Drilling, SLB and Patterson-UTI have created a joint venture dubbed Turnwell Industries to accelerate the 144-well drilling campaign as part of unconventional oil and gas exploration program in Abu Dhabi, set for delivery by the fourth quarter of 2025…

TGS and Aker BP Ink Strategic Partnership for Yggdrasil Area Digitalization

Sep 30, 2024

TGS, a global provider of energy data and intelligence, has signed a strategic partnership with Aker BP contributing to digitalize the operations of the Yggdrasil oil and gas area.This agreement builds on the ongoing collaboration between the…

International Consortium Secures Work on LNG Scheme off Mozambique

Sep 30, 2024

McDermott, through a consortium with Saipem and China Petroleum Engineering and Construction Corporation, has been awarded a front-end engineering design (FEED) contract for the Rovuma LNG Phase 1 project in Mozambique.The project is a joint venture between ExxonMobil Development Africa…

Onshore Equipment Repair Progressing Well as Tyra II Ramp Up Remains On Track

Sep 30, 2024

BlueNord, the partner in the Tyra II project along with TotalEnergies and Nordsøfonden, has informed that the onshore repair of the second transformer for Tyra II is progressing well, with full technical capacity of Denmark’s largest offshore…

Aker Solutions to Prepare Equinor’s Troll A Platform for New Gas from Troll West

Sep 30, 2024

Norwegian offshore engineering and construction firm Aker Solutions has secured an EPCIC contract from Equinor to prepare the topside of Troll A for accelerating production from the Troll West gas reservoir.The Troll field is located in the North Sea…

Esgian Week 39 Report: Petrobras Finalizes Roncador Tender

Sep 29, 2024

Esgian highlights several new contracts in its Week 39 Rig Analytics Market Roundup.Report SummaryContractsMarket sources indicate that ADNOC has exercised an extension option for the 350-ft jackup drilling rig Aryabhatt 1 in Abu Dhabi.Petrobras…

Petrobras and Staatsolie Strengthen Energy Collaboration

Sep 27, 2024

Brazil’s state-owned oil and gas company Petrobras and its Surinamese counterpart Staatsolie have signed a non-binding memorandum of understanding (MoU) to asses collaboration opportunities in various fields, including oil and gas.Petrobras…

PRIO Buys Peregrino Oil Field Stake in $1.92B Deal with Sinochem

Sep 27, 2024

Brazilian oil and gas company PRIO has signed a sale and purchase agreement with SPEP Energy Hong Kong Limited and Sinochem International Oil for the acquisition of 40% interest in the Peregrino and Pitangola fields in the Campos Basin, offshore Brazil…

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