Oil And Gas News


Ocean Installer Scoops Major Subsea Contract for Equinor’s Troll Gas Field

Jun 25, 2024

Ocean Installer has secured the engineering, procurement, construction and installation (EPCI) contract for subsea umbilicals, risers and flowlines (SURF) scope from Equinor and its partners for the second stage of the Troll Phase 3 gas development offshore Norway…

Wison Secures $1B Contract from Genting to Build Indonesia’s First FLNG Unit

Jun 25, 2024

Malaysia’s Genting has awarded a contract to China’s Wison New Energies to construct a 1.2 mtpa floating liquefied natural gas (FLNG) unit to be deployed offshore Indonesia, under a deal worth over $1 billion.Genting’s engineering, procurement…

Conrad Inks Mako Field Gas Sales Agreement with Pertamina’s Subsidiary

Jun 25, 2024

Conrad Asia Energy has entered into a binding Gas Sales Agreement (GSA) for the sale and purchase of the domestic portion of Mako gas with PT Perusahaan Gas Negara (PGN), the gas subsidiary of PT Pertamina (Persero), the national oil company of Indonesia…

Africa Oil to Buy Out BTG's 50% Stake in Nigeria Joint Venture

Jun 24, 2024

Africa Oil has agreed to buy out BTG Pactual Oil & Gas's 50% holding in their Prime Oil & Gas joint venture in a deal that will see it take on BTG as a major shareholder, it said on Monday.Prime has offshore producing assets in Nigeria and accounts for 100% of Africa Oil's reserves and production…

Chevron, GEPetrol Sign PSCs for Two Equatorial Guinea’s Offshore Blocks

Jun 24, 2024

Oil major Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSCs), for offshore blocks EG-06 and EG-11 in Equatorial Guinea, representing a $2 billion investment.Situated in close…

Green Light for Equinor to Drill Wildcat Well at Heisenberg Discovery

Jun 24, 2024

The Norwegian Offshore Directorate (NOD) has issued a permit to operator Equinor to drill another exploration well in the Heisenberg Discovery, offshore Norway.The permit has been issued for the 35/10-13 S exploration well in the production license 827 SB…

Masirah Oil Wraps Up Multi-Well Campaign at Field Offshore Oman

Jun 24, 2024

Masirah Oil, a majority-owned subsidiary of Rex International, has completed the multi-well campaign at Yumna field offshore Oman.Masirah Oil said the multi-well program at the field in Block 50 concession has been completed ahead of the 90-day schedule and below budget…

Esgian Week 25 Report: Mixed Results in Exploration Drilling

Jun 23, 2024

Esgian provides an update on exploration drilling in its Week 25 Rig Analytics Market Roundup.Report SummaryDrilling Activity and DiscoveriesOslo-listed BlueNord announced on Monday the start-up of drilling operations on the Harald East Middle Jurassic well (HEMJ) in the Danish North Sea…

Carlyle Creates New Med Oil and Gas Company with $945M Energean Deal

Jun 21, 2024

Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million, the companies said on Thursday…

Fulcrum LNG Set to Help Guyana Develop Its Natural Gas Resources

Jun 21, 2024

U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday.The company's proposal was selected from among 17 submitted to Guyana for the gas project…

Oceaneering Scores $50M Umbilical Contract for Gulf of Mexico Project

Jun 21, 2024

U.S.-based subsea services and technology firm Oceaneering International has secured a contract to supply an electro-hydraulic, steel tube dynamic umbilical for a project in the Gulf of Mexico.The name of the client was not disclosed, but Oceaneering…

Woodside Establishes New Leadership Structure

Jun 20, 2024

Woodside has revised its leadership structure to deliver the next phase of the company’s strategy to thrive through the energy transition.The revised structure, which will take effect from August 1, 2024, aggregates and elevates core business activities into a simplified operating model…

Vallourec Agrees Contract Extension and New Order with ADNOC

Jun 20, 2024

France-based tubular solutions supplier Vallourec has signed a two-year contract extension with Abu Dhabi National Oil Company (ADNOC), securing also a new major order for the supply of 27,000 tonnes of tubes.The two-year extension is related to the 2019 contract originally worth $900 million…

Ponticelli Scoops Major EPC Services Contract with Azule Energy

Jun 20, 2024

Ponticelli Angoil has been awarded an engineering, procurement, and construction (EPC) services contract by oil and gas company Azule Energy for work offshore Angola.Ponticelli’s UK-based consortium, PBS, will provide expert engineering and procurement services support on this three-year contract…

Energean Sells Egypt, Italy and Croatia Portfolio for $945M

Jun 20, 2024

Oil and gas company Energean has entered into a binding agreement for the sale of its portfolio in Egypt, Italy and Croatia to an entity controlled by Carlyle International Energy Partners for an enterprise value of up to $945 million, of which $820 million is firm…

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