Oil company Dana Petroleum has terminated a contract for the use of a Maersk Drilling rig in Denmark.The one-well contract was initially expected to start in May 2020.However, the two companies then in October 2020 said the contract start-up for the yet to be nominated rig would be deferred…
Oil and gas company Neptune Energy has appointed Mohamed Mounes Shahat to the role of Egypt Managing Director, based in Cairo. Mounes, who will start in December, joins Neptune from Egypt’s Ministry of Petroleum, having most recently held the position of Minister’s Advisor for Gas Affairs…
Oil and gas company Dana Petroleum has brought online a new well on the Bittern oil and gas field in the UK North Sea.'Production from the new B5 well, which is a sidetrack of an existing Bittern well, is running at over 5,000 barrels of oil per day…
Dana Petroleum, a North Sea-focused subsidiary of South Korea's KNOC, has appointed Jongwoo Kim as its new CEO.Kim joins Dana Petroleum from its parent company Korea National Oil Corporation.Jongwoo succeeds the previous CEO Yongwoo Kang who…
Wellesley Petroleum has received approval from the Norwegian Petroleum Directorate to drill an exploration well in the Norwegian Sea.The well 6204/11-3 will be drilled using the Borgland Dolphin semi-submersible drilling rig. The rig, owned by Dolphin Drilling…
Qatari-state owned oil and gas company Qatar Petroleum has signed a farm-in deal with France's Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore Ivory Coast.The two blocks cover an area of approximately 3…
Qatar's state-owned oil and gas company Qatar Petroleum has signed three farm-in agreements to acquire about 30% of Total’s participating interest in blocks 15, 33 and 34 located in the Campeche Basin, offshore Mexico.Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs…
Qatari state-owned oil and gas company Qatar Petroleum has signed a deal to reserve LNG ship construction capacity in China in a deal potentially worth more than $3 billion.QP said that the reserved LNG carrier construction capacity would be used for QP’s future LNG carrier fleet requirements…
Well completions specialist Tendeka has secured a three-year contract with Mubadala Petroleum, to supply sand-face completion equipment in Thailand.Under the deal, Tendeka will supply sand screens and autonomous inflow control devices (AICD) to Mubadala Petroleum’s Jasmine…
Norwegean geological services company Applied Petroleum Technology (APT) said that PGNiG Upstream Norway AS (PGNiG) has appointed it to conduct post-drilling analyses of its recent Shrek discovery in the Norwegian Sea.Under the agreement, Applied…
Qatar Petroleum has assumed operatorship of the Idd el-Shargi North Dome and South Dome offshore oilfields, the company said in a statement.Development and production sharing agreements with Occidental Petroleum of Qatar Ltd. for both oilfields expired on Oct…
Norway’s government will earn around NOK 265 billion ($30 billion) taxing and taking up stakes in its oil and gas fields in 2019, and Norwegian production is on the rise. In contrast, Britain in 2019 will earn about GBP 1.1 billion ($1.34 billion)…
It might be peak IPO season (Forbes), and technology investors may be looking elsewhere (say fintech), but two years of venture capital investments in the North Sea are rounding on stranded North Sea value.The old investor pattern of looking…
Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…
French oil major Total has sold its stakes in 10 UK offshore fields to Petrogas NEO for $635 million, as the majors continue to divest non-core assets to private equity-backed companies looking to expand their upstream footprint in the region…
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