U.S. producers Exxon Mobil Corp and Hess Corp plan to export the first-ever shipments of crude oil from Guyana between January and February, a milestone for Latin America's newest oil producer, sources with knowledge of the plans said.A consortium…
Aker Solutions said it has secured a contract to support the development of BP’s Cypre project, offshore Trinidad and Tobago.The contract will see Aker Solutions deliver front-end engineering and design (FEED) for the first platform in a potential…
Having now completed the $4.5 billion acquisition of ExxonMobil’s upstream business in Norway, Vår Energi has doubled its production to become the second largest operator on the Norwegian continental shelf (NCS) – with more growth planned in the years ahead…
Norwegian multinational energy company Equinor ASA has informed that His Majesty the King will perform the official opening of the Johan Sverdrup field center on January 07, 2020.Norway’s Prime Minister Erna Solberg and the Minister of Petroleum and Energy Kjell-Børge Freiberg will also be present…
Independent upstream oil and gas company KrisEnergy said first steel has been cut for the minimum facilities wellhead platform (MiniPlatform) for the Apsara oil field in Block A, offshore Cambodia, the nation’s maiden hydrocarbon development…
Tullow Oil said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.'While financial performance has been solid, production performance…
The temporary abandonment or suspension of a well is a vital early stage of decommissioning whereby the well is isolated using methods such as bridge plugs, cement squeezes and packers. This allows the wellhead and/ or blow out preventer (BOP) to be safely removed…
Brazilian state-run oil firm Petrobras is considering putting additional stakes in significant offshore oilfields up for sale, executives said on Wednesday, as the company continues to aggressively de-leverage.In a presentation, the executives said they may sell stakes in the Marlim field…
SBM Offshore announced it has signed contracts with Chinese shipyards for the construction of the company’s fourth and fifth hulls under its purchase program for Fast4Ward newbuild multipurpose floating production, storage and offloading unit (FPSO) hulls…
Alternative reservoir stimulation technology company Fishbones said it has installed its proprietary technology for a major international oil company in the Danish North Sea. The installation, which comprised 56 subs and 224 jetted laterals…
Independent oil and gas production and development company EnQuest said it has been awarded the Block PM409 Production Sharing Contract (PSC) in partnership with Petronas Carigali Sdn Bhd (PCSB) by Petronas. Under the terms of the PSC, EnQuest…
Premier Oil, the UK-based gas and oil company, announced that it has achieved First Gas from its operated Bison, Iguana and Gajah Puteri (BIG-P) project in the Natuna Sea Block A offshore Indonesia.The two-year project was delivered on schedule and significantly below budget…
Norway's Petroleum Safety Authority Norway (PSA) said it has launched an investigation into an oil leak from the Equinor-operated Statfjord A facility on November 26, 2019.This discharge was detected by the observation of oil on the sea surface alongside the North Sea platform…
Santos Ltd on Tuesday increased its forecast for 2025 production by 20% underpinned by oil and gas projects it plans to develop in Australia and Papua New Guinea.The company plans to produce 120 million barrels of oil equivalent (mmboe) a year by 2025…
Oil production at Norway's giant Johan Sverdrup oilfield has risen to around 350,000 barrels per day (bpd), operator Equinor told Reuters on Tuesday.The North Sea field, which began output on Oct. 5, is now western Europe's largest oil producer…
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