Offshore Energy News - page 637

 

'Good Progress' with Liberator, Serenity Farmout, i3 Says

Feb 14, 2020

UK based oil firm i3 Energy has said it is making progress with efforts to farm out some of the ownership in its North Sea assets, ahead of the planned drilling this summer. The company, operating the Liberty field and Serenity discovery in the UKCS…

CNOOC, Oz LNG Player Ratings Unaffected by Force Majeure

Feb 14, 2020

S&P Global said on Thursday that China National Offshore Oil Corp's (CNOOC) recent declaration of force majeure on some liquefied natural gas (LNG) imports will not affect its ratings or that of Australian LNG exporters.CNOOC, China's biggest LNG importer…

KrisEnergy Ditches Vietnam Block to Focus on Cambodia

Feb 14, 2020

Southeast Asia-focused oil company KrisEnergy has agreed to transfer its Block 115/09 offshore Vietnam to an undisclosed international oil company.Debt-laden KrisEnergy said it would transfer its entire 100% working interest in Block 115/09 for nominal cash consideration…

Italian Court Asks EU to Rule in Oil & Gas Permits Dispute

Feb 14, 2020

A top Italian administrative court has asked the EU Court of Justice to rule on legislation over the size of oil and gas exploration concessions in Italy in a move that could lead to some companies being stripped of permits.Italian law currently…

Magnora to Invest Oil Cash In Renewables

Feb 14, 2020

Oslo-listed company Magnora plans to use the cash generated from oil and gas production at the Western Isles and Penguin offshore projects for renewable energy investments. Magnora, formerly known as Sevan Marine, was formed in 2018 following…

Leviathan Gas Output Cut Due to 'Malfunction'

Feb 14, 2020

Israel's Energy Ministry said on Thursday it limited production at the new Leviathan natural gas field to 60% after a malfunction was discovered in the project's subsea pipeline.The Leviathan partners said in a statement there was no malfunction…

Several Firms Show Interest in Barryroe, Providence Says

Feb 13, 2020

Ireland-focused oil company Providence Resources is on the lookout for a new farm-in partner for its Barryroe field following a botched farm-in saga with China's APEC.Providence said Thursday that its subsidiary Exola DAC, which is the operator…

Another Delay for Yme Field Start-Up

Feb 13, 2020

The start of production at Repsol's Yme oilfield, the group's largest project off Norway, will be delayed until the second half of 2020 as preparations take longer than expected, the Spanish energy firm confirmed on Thursday. Repsol, which holds…

Prosafe, Floatel Merger Falls Through

Feb 13, 2020

Offshore accommodation rig providers Floatel and Prosafe have called off their proposed merger amid objections from competition regulators in Norway and the UK.The all-stock merger, proposed in June 2019, had promised to create the world’s largest offshore accommodation company with…

Mexico: Regulator to Decide in Talos, Pemex Standoff over Zama

Feb 13, 2020

The dispute over who will run operations for a major offshore oil discovery in Mexico could eventually come down to the technical opinion of the country's independent oil regulator, according to one of the body's commissioners. Closed-door talks…

New BP CEO to 'Reinvent' Oil Major as Deeper Emissions Targets Set

Feb 12, 2020

BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul in the 111-year old company's history by new chief executive Bernard Looney. The targets set on Wednesday put BP ahead of rivals Royal Dutch Shell and Total…

Scrap Heap Challenge for Marginal Fields

Feb 12, 2020

Succeeding with marginal developments was a central topic to an entire afternoon session and yesterday’s Subsea Expo event in Aberdeen.Led by the Oil and Gas Authority (OGA), it was a session with some genuinely new ideas and open minds on show…

Leviathan Group Seeking FLNG Partner

Feb 12, 2020

The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deepwater, a CEO from the group said. Leviathan, one…

Greater Tortue Ahmeyim Partners Sign LNG Sales Deal with BP

Feb 12, 2020

Kosmos Energy has said that it has, with its partners in the offshore Senegal/Mauritania Greater Tortue Ahmeyim project, signed a deal to sell 2.45 million tonnes per annum of LNG to BP's subsidiary BP Gas Marketing.The sales and purchase agreement is valid for an initial term of up to 20 years…

Chevron Picks Aquaterra's Sea Swift Platform for Angola Field

Feb 12, 2020

Chevron has hired Aquaterra Energy for the design and support installation of a Sea Swift offshore platform at an offshore field in Angola.Destined for the Lifua-A field, the conductor supported platform (CSP) will be designed and installed in 60m of water…

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