Petrolia Noco has signed an agreement with Vår Energi ASA to acquire Vår Energi’s 12.2575% participating interest in the Brage field offshore Norway with an effective date of January 1, 2023.Net production (12.2575% WI) from the Brage field in the first half of 2023 was 1…
U.S. oil firm ConocoPhillips has received approval from the Norwegian authorities to start up its Tommeliten A field in the North Sea.ConocoPhillips estimates that around 24 million standard cubic meters (150 million barrels) of oil equivalent can be recovered from Tommeliten A…
The Norwegian oil and gas company OKEA said Tuesday it had started production from the Hasselmus gas discovery in the Norwegian Sea, on October 1, 2023. As a subsea tie-back to the Draugen platform, Hasselmus is expected to add 4,400 barrels of oil equivalents per day to production at plateau…
Scana-owned Subseatec has signed a 'sizeable' contract with an unnamed international energy company to deliver steel stress joints for a subsea development in the US Gulf of Mexico (GoM). Subseatec’s scope is a total delivery of steel stress joints in low-alloy steel…
Altera Infrastructure has been awarded contracts for the redeployment of the FPSO Voyageur Spirit and the shuttle tanker Nordic Brasilia for the Baleine Phase 2 project, located offshore Ivory Coast.The vessels are set for deployment on the Baleine field with a 15-year firm contract…
Thai oil and gas giant PTT Exploration and Production (PTTEP) may extend its contracts for two gas fields in neighboring Myanmar when one ends in 2028 and the other in about 20 years, its chief executive said on Monday.PTTEP also bid for two…
Studies by Brazilian state-run oil company Petrobras show that a single oil block of Amapa's equatorial margin could total more than 5.6 billion barrels of oil, the country's mines and energy minister said on Friday.Alexandre Silveira's remarks…
Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability, and required infrastructure investments all make the situation uncertain…
A U.S. judge on Wednesday refused to overturn a California county's decision to block Exxon Mobil Corp from using tanker trucks to ship crude oil from coastal facilities to inland refineries while a ruptured pipeline is fixed.U.S. District Judge…
The Norwegian Petroleum Directorate (NPD) has granted consent for the start-up of production from the Equinor-operated Breidablikk field in the North Sea, offshore Norway.According to NPD, which will change its name to Norwegian Offshore Directorate from January 1…
U.S.-based oil and gas company Talos Energy has completed the sale of its 49.9% interest in Talos Mexico to Zamajal, a subsidiary of Grupo Carso, a company controlled by the family of the Mexican billionaire Carlos Slim.Talos Mexico, now owned 50…
Malaysia-based firm Sapura Energy has secured an offshore platform transportation and installation contract in Angola.The contract, with Azule Energy, an Angolan joint venture between Eni and BP, is worth around $300 million and is related to Angola Northern Gas Complex (NGC) Project…
Norwegian oil and gas company Equinor and its UK-based partner Ithaca Energy said Wednedsay they had taken the final investment decision to progress Phase 1 of the Rosebank development on the UK Continental Shelf, together investing $3.8 billion in the development…
Bumi Armada Berhad, a Malaysian company known for its FPSO leasing business, said Monday it had, via its subsidiary Armada Akia B.V (“AABV”) and its co-bidder, Pexco Tarakan NV, signed a Production Sharing Contract with the Ministry of Energy…
Engineering and construction giant KBR has secured an engineering, procurement, and construction management (EPCm) contract with Australian oil and gas giant Woodside Energy, as operator for and on behalf of the Pluto Joint Venture in Australia…