Oil And Gas News


Kent Gets FEED Contract for Hejre Project in the North Sea

May 15, 2024

Energy services firm Kent has secured a key Front-End Engineering Design (FEED) contract for INEOS' Hejre project.The Hejre project, an offshore High Pressure High Temperature (HPHT) development, is located in the Danish sector of the North Sea…

ABL Group to Acquire Ross Offshore

May 15, 2024

Global consultancy ABL Group has entered into an agreement to acquire 100% of the shares of specialist energy consultancy Ross Offshore from Moreld Group.Following completion of the transaction, Ross Offshore will merge with ABL Group company AGR…

Brazil Pushes Out Petrobras CEO, Names Ex-Regulator to Top Job

May 15, 2024

The chief executive of Brazil's Petrobras offered to step down, the state-run oil company said on Tuesday, as the government lined up a former regulator for the role, sending shares sliding as investors braced for political interference.Brazilian…

ExxonMobil Strikes Oil Offshore Angola

May 15, 2024

ExxonMobil and its partners have made an oil discovery at Block 15 offshore Angola, while drilling the exploration well located in the Kizomba B development area.The discovery was made while drilling the Likembe-01 well in Block 15, operated by ExxonMobil…

Petrobras Resists Order to Assess Indigenous Impact of Amazon Drilling

May 14, 2024

Brazil's state-run oil firm Petrobras is resisting regulatory demands requiring it to assess the impact on Indigenous groups of drilling in an offshore basin near the mouth of the Amazon River, Chief Exploration and Production Officer Joelson Mendes told journalists on Tuesday…

Indonesia to Ask Mubadala to Speed Up South Andaman Gas Development

May 14, 2024

Indonesia will ask Mubadala Energy to accelerate gas development in Indonesia's South Andaman Block after the United Arab Emirates explorer made a second discovery there, Dwi Soetjipto, chairman of upstream regulator SKK Migas, said on Tuesday…

Indonesia Offers Five Oil and Gas Blocks, Pledges to Boost Exploration

May 14, 2024

Indonesia launched its first oil and gas auction this year offering five blocks on Tuesday, while the government pledged to boost exploration in an effort to reverse output declines in a country that was once a net oil exporter.'To meet oil and gas demand…

Equinor and Petoro Make Asset Swap Deal for Several Fields Offshore Norway

May 14, 2024

Energy firms Equinor and Petoro have entered into a value-neutral asset swap agreement for the Haltenbanken area, including the Heidrun and Tyrihans producing fields, offshore Norway.Equinor will increase its ownership in the Heidrun field and…

ADES Holding Signs $94M Jack-Up Rig Deal with PTTEP

May 14, 2024

Saudi oil and gas drilling contractor ADES Holding has signed a contract with Thai national oil and gas company PTTEP for one of its modern jack-up drilling rigs, worth $94 million.The contract, signed on May 14, 2024, is for an 18-month firm term plus a nine-month optional extension…

CGG to Support Discoveries Off Africa with Two New 3D Reimaging Projects

May 14, 2024

French marine seismic firm CGG, in collaboration with Côte d’Ivoire's Direction Générale des Hydrocarbures (DGH) and Petroci, has set out plans for two new multi-client 3D reimaging programs off Africa.The programs include CDI24 Phase I (3,120 km²) and Phase II (6…

Serica Energy Appoints New CEO

May 14, 2024

UK-based oil firm Serica Energy has appointed Chris Cox as its new chief executive officer (CEO).The new appointment will take effect on July 1, 2024, with David Latin, chairman of Serica, ceasing his temporary role as Interim CEO at the same time…

TechnipFMC Nets Woodside Energy’s Pluto LNG Contract

May 14, 2024

Oilfield services company TechnipFMC has secured a ‘significant’ integrated engineering, procurement, construction, and installation (iEPCI) contract from Woodside Energy to support ongoing production at Pluto LNG project in Australia.TechnipFMC will design…

SubseaPartner Lands Diving Job at Vår Energi’s Fields Offshore Norway

May 13, 2024

Norwegian diving contractor SubseaPartner has secured offshore work at the Goliat and Balder fields on the Norwegian Continental Shelf (NCS) for Vår Energi.The contracts have been awarded by Vår Energi under the existing frame agreement for offshore contingency and diving intervention services…

Eni Eyes New Oil and Gas Spin-Offs in Energy Transition Satellite Strategy

May 13, 2024

Italian energy group Eni could spin off stakes in high-potential oil and gas projects, including in Indonesia and Ivory Coast, to help finance their development while focusing more capital on low-carbon activities, company sources said.Such…

Mubadala Energy Makes Second Major Gas Discovery in Indonesia

May 13, 2024

Mubadala Energy has made second consecutive ‘significant’ gas discovery in South Andaman offshore Indonesia at the Tangkulo-1 exploration well, using Seadrill’s West Capella drillship.The Tangkulo-1 exploration well was drilled about 65 kilometres offshore North Sumatra in Indonesia…

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