Australian oil and gas giant Woodside Energy has completed the acquisition of Cairn's stake in Senegal's Rufisque Offshore, Sangomar Offshore, and Sangomar Deep Offshore (RSSD) joint venture, developing the Sangomar offshore oil field.As previously reported…
Brazilian oil company Enauta has agreed to take full ownership of the working interest in Block BS-4, offshore Brazil, where the producing Atlanta field is located.The company, previously known as Quireoz Galvao, opted to take over an additional…
Norwegian oil firm Equinor has, with its partners, decided to invest around NOK 3 billion (USD345,8 million) to boost recovery from the Statfjord Øst offshore field by 23 million barrels of oil equivalent.Statfjord Øst, sitting in the North Sea…
Oilfield equipment supplier Weir Oil & Gas has signed a five-year contract with Thailand's national oil company PTT Exploration and Production (PTTEP) to supply and install 1,800 sets of wellheads and trees in the Gulf of Thailand. The contract is valued at $70 million…
The Norwegian Petroleum Directorate has approved the start-up of a subsea installation with two new wells on the Neptune Energy-operated Gjøa field in the North Sea, off Norway.Neptune Energy estimates the project will add 2.4 million standard cubic meters of oil equivalent (15 million bbls o…
India's Reliance Industries and the British oil major BP on Friday announced the startup of production from ultra-deepwater gas field R Cluster in block KG D6 off the east coast of India. RIL and BP are developing three deepwater gas projects in block KG D6 – R Cluster…
Norwegian oil and gas company Aker BP has decided to develop the Gråsel (Gray Seal) discovery in the Norwegian Sea. Aker BP, with its Skarv field partners Equinor, Wintershall Dea and PGNiG approved the final investment decision for the Gråsel development on December 17…
Russian oil and gas giant Rosneft has said it has discovered a new 'unique' offshore gas field in the Arctic with total reserves of 514 bcm of gas and 53 million tons of condensate.Rosneft made the discovery at the Vostochno-Prinovozemelsky-2 license area in the Kara Sea…
Norwegian oilfield services provider Aker Solutions has won a contract for the hook-up of the fifth platform on the Johan Sverdrup field, offshore Norway.According to Equinor, the operator of the field, at peak the contract will provide jobs for around 1…
Cenovus Energy Inc's C$6.07 billion ($4.78 billion)deal to buy Husky Energy Inc was approved by the shareholders of the two companies on Tuesday, creating Canada's No. 3 oil and gas producer in a rapidly consolidating industry.Cenovus said 93%…
Inadequate investment in exploration and new drilling may leave the world without enough oil in 20 to 30 years despite a shift towards renewable power sources, top energy analysts say.The long-term outlook contrasts with today's situation where…
China's CNOOC said Monday that its Penglai 25-6 oilfield area 3 project has started production ahead of schedule.The Penglai 25-6 oilfield area 3 project is located in the south central Bohai Sea, with average water depth of about 27 meters…
Equinor on Saturday, December 12, kicked off production from its Snorre Expansion Project in the North Sea, offshore Norway.The project, which will add almost 200 million barrels of recoverable oil reserves and help extend the productive life of the Snorre field through 2040…
There are around 200 offshore oil and gas projects currently being planned for development using a floating production system, however, at around $2B apiece – some up to $5B – final investment decisions will depend on the market situation and the outlook for oil and gas doesn’t seem too bright…
Chinese oil giant CNOOC has kicked off infill drilling operations at its Weizhou 6-12 Fields of Block 22/12, Beibu Gulf, offshore China.The news was shared Friday by CNOOC's partner Horizon Oil, which said that the two well infill drilling program…
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