Oil And Gas News


Seismic Research for Gas Offshore Crete to Proceeded to Next Phase

Oct 10, 2024

An ExxonMobil-led consortium will move to the second phase of seismic research for gas exploration in a block off the Greek island of Crete, Greece said on Thursday.Hellenic Hydrocarbons and Energy Resources Management Company (HEREMA) said…

INEOS Energy Puts New Equipment into Operation to Boost Breagh Gas Flow

Oct 10, 2024

INEOS Energy has brought online the electric-driven compressor at the Teesside Gas Processing Plant, which will boost gas flows from the INEOS-operated Breagh gas field offshore U.K.The new compressor represents a significant investment that…

Norway Grants Two-Well Drilling Permit to Vår Energi

Oct 10, 2024

The Norwegian Offshore Directorate has granted Vår Energi a drilling permit for two wildcat wells in the Barents Sea.The permit has been issued for wells 7122/7-8 and 7122/8-3 S in production license 229.The license is operated by Vår Energi…

Subsea7 Secures Multi-Million Dollar Job in US Gulf of Mexico

Oct 10, 2024

Offshore services firm Subsea7 has secured a sizeable contract for a subsea tieback development in the U.S. Gulf of Mexico.Subsea7 will be responsible for transporting and installing the flowline, umbilical, and associated subsea components for the tieback…

East Timor Eyes Chinese Partners for Stalled Greater Sunrise Gas Development

Oct 09, 2024

East Timor has talked with Chinese firms including state-owned Sinopec about developing the stalled Greater Sunrise gas field, President Jose Ramos-Horta said on Wednesday, after disagreements with Australia over the shared field's future.The field…

Shearwater Lands OBN Survey Job for TotalEnergies off Angola

Oct 09, 2024

Marine seismic acquisition firm Shearwater Geoservices has secured a contract from TotalEnergies for an Ocean Bottom Node (OBN) data acquisition campaign offshore Angola.The deepwater OBN survey will be conducted by the dual ROV equipped SW Tasman…

Petrofac to Support Marathon Oil’s Activities in Equatorial Guinea

Oct 09, 2024

Oilfield services provider Petrofac has secured a new master service agreement (MSA) with Marathon Oil to support its key onshore and offshore assets in Equatorial Guinea.Under the agreement Petrofac will provide technical authority and discipline engineering support…

CNOOC Kicks Off Production from Bohai Bay Field

Oct 08, 2024

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has started production at the Bozhong 19-2 oilfield development project in Bohai Bay.The project is located in central Bohai Bay, with an average water depth of about 20 meters…

TechnipFMC to Deliver Subsea Production Systems for BP’s Kaskida Field

Oct 08, 2024

Oilfield services company TechnipFMC has secured an integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract from BP for its greenfield Kaskida development in the Gulf of Mexico.The contract, valued between $250 million and $500 million…

Shark Entanglement Sparks NOPSEMA Alert

Oct 07, 2024

Australia’s offshore energy regulator NOPSEMA has issued an alert after a shark was found tangled in a rope loop attached to an electrical flying lead.The shark was spotted by a ROV operator during a subsea survey. The operator was then able…

Expansion Works at Leviathan Gas Field Off Israel Delayed as War Escalates

Oct 07, 2024

Chevron Mediterranean, a subsidiary of the U.S. oil giant Chevron, has informed that the works on the Leviathan field that would expand its gas production have been postponed due to the escalation of security situation resulting from the Israel-Gaza war…

Eni Strengthens LNG Ties with Japan

Oct 07, 2024

Eni and the government agency Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation with the aim of collaborating in the gas and LNG field to increase diversification of supply sources.The memorandum…

BP Scraps 2030 Production Target as It Scales Back Energy Transition Strategy

Oct 07, 2024

BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.When unveiled in 2020, BP's…

Esgian Week 40 Report: TotalEnergies Sanctions New Development

Oct 06, 2024

Esgian highlights news from TotalEnergies in its Week 40 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesThe Norwegian Ocean Industry Authority (Havtil) has given Aker BP consent to use the 492-ft jackup Noble Invincible…

Enbridge to Build Pipelines for BP’s US Gulf of Mexico Deepwater Oil Project

Oct 04, 2024

Canadian pipeline company Enbridge has secured an agreement with BP to build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development.The crude oil pipeline, named the Canyon Oil Pipeline System (Canyon Oil)…

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