Oil And Gas News


Equinor Sells Stake in Gina Krog Area Off Norway to PGNiG

Jun 04, 2024

Equinor has agreed the sale of 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway.With the agreement, the ownership between Equinor and PGNiG in these licenses will be balanced with the Gina Krog field…

FPSO for BP’s GTA LNG Project Reaches its Destination Offshore West Africa

Jun 04, 2024

The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived at its final location offshore Mauritania and Senegal.Following completion of its construction at the COSCO Qidong Shipyard in China…

South African Appeals Court Throws Lifeline to Shell's Wild Coast Exploration

Jun 03, 2024

A South African appeals court on Monday suspended a previous ruling that halted offshore exploration by Shell along the unspoilt Wild Coast and allowed oil companies another chance at public consultation, court documents showed.The lack of public…

Deltic Energy Gets More Time to Secure Pensacola Appraisal Well Funding

Jun 03, 2024

Shell, the operator of Pensacola discovery in the North Sea, has granted short period of additional time to partner Deltic Energy to secure funding associated with its share of costs for an appraisal well.In its capacity as Licence Operator of P2252…

Barents Sea-Bound Johan Castberg FPSO Departs for Sea Trials

Jun 03, 2024

Equinor has informed that the floating production storage and offloading (FPSO) vessel Johan Castberg departed for sea trials from Aker Solutions’s Stord yard ahead of its deployment at Barents Sea field.The FPSO for sea trials in Klosterfjorden…

BW Energy Raises Hibiscus Field Reserve Estimates Following Latest Oil Discovery

Jun 03, 2024

BW Energy has increased recoverable reserves estimates for the Hibiscus field, offshore Gabon, following the recent oil discovery on the northern flank of the field.BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well…

South Korea's Yoon Approves Exploration of Vast Oil, Gas Prospects

Jun 02, 2024

South Korean President Yoon Suk Yeol gave the green light on Monday to conduct exploratory drilling for potentially vast oil and gas prospects found off the east coast of the nation that is one of the world's largest energy importers.The possibility…

Esgian Week 22 Report: A Shrinking Pool of Vintage Semisubs

Jun 02, 2024

Esgian provides an update on rig sales and the shrinking pool of vintage semisubs in its Week 22 Rig Analytics Market Roundup.Report SummaryContractsNoble Corporation has secured a new well intervention contract with Harbour Energy in UK waters of the North Sea for the 350-ft jackup Noble Resilient…

Bardex Mooring System Takes Home Woelfel BMEA Award

May 31, 2024

U.S.-based engineering company Bardex has won the 39th Annual Woelfel Best Mechanical Engineering Achievement Award for its Off Vessel Tensioning (OVT) BarLatch mooring system.The American Society of Mechanical Engineers (ASME) confers the prestigious award to recognize a product…

Atlanta Field's FPSO Resumes Production Offshore Brazil

May 31, 2024

Brazilian oil and gas company Enauta has concluded the maintenance operation on a floating production, storage, and offloading (FPSO) vessel operating at Atlanta field, offshore Brazil.The five-day maintenance operation was conducted on the FPSO Petrojarl I…

Aramco Acquires 40% stake in Gas & Oil Pakistan

May 31, 2024

Saudi Arabian state-owned oil and gas giant Aramco has competed the acquisition of a 40% equity stake in Gas & Oil Pakistan (GO).GO is a diversified downstream fuels, lubricants and retail store operator in Pakistan with a network of more than 1…

Trinidad Court Recognizes ConocoPhillips' Claim Against Venezuela

May 30, 2024

A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela…

Two Dry Wells for Two Norwegian Oil and Gas Firms

May 30, 2024

Norwegian oil and gas companies Vår Energi and Aker BP have drilled two dry wells, one in Barents Sea and the other in North Sea, respectively.Vår Energi drilled the exploration well 7219/6-1 Venus, in production license 1025 S, in the Barents Sea…

Prosafe’s Safe Boreas Flotel Up for Deployment Offshore Australia

May 30, 2024

Offshore accommodation rig provider Prosafe has been issued a Conditional Letter of Intent (CLoI) for the Safe Boreas semi-submersible accommodation rig to provide gangway connected operations to support a project off the coast of Western Australia…

ConocoPhillips to Buy Marathon Oil in $22.5B Deal

May 30, 2024

Top U.S. independent oil and gas producer ConocoPhillips on Wednesday agreed to buy Marathon Oil $22.5 billion, the latest in a series of mega-deals in the energy industry.The U.S. oil and gas industry has been riding a consolidation wave over…

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