Oil And Gas News

 

Seatrium Awarded LOI for a Deepwater Gulf of Mexico FPU

Jun 04, 2024

Seatrium has been awarded a Letter of Intent (LOI) by BP Exploration & Production Inc. (bp) to carry out certain early engineering works pending the finalization of a definitive contract for engineering, procurement, construction and commissioning…

Transocean Scoops $161M in Contract Extensions for Harsh Environment Semisubs

Jun 04, 2024

Offshore drilling contractor Transocean has secured contract extensions for three of its harsh environment semisubmersibles, worth approximately $161 million.In Norway, Transocean Spitsbergen was awarded a three-well contract extension with Equinor…

First LNG Canada Cargo Could Deliver Earlier Than Planned, Shell Says

Jun 04, 2024

Shell-led LNG Canada, the country's first natural gas export terminal, could deliver its first cargo earlier than previously planned, an executive at the British company said.The C$40 billion ($29 billion) liquefied natural gas (LNG) project…

Australian Court Orders Santos to Pay $1.8M in Penalties

Jun 04, 2024

The Federal Court ordered Santos to pay A$2.75 million ($1.83 million) in penalties for breaching auction record-keeping obligations under the National Gas Rules, Australia's second largest energy producer said on Tuesday.In October 2023, the…

Norway Gas Export Outage Extended, Duration Remains Uncertain

Jun 04, 2024

An outage of Norway's gas exports to Britain via the Langeled pipeline was extended by two days until the morning of June 7 as repair work continued, Norwegian system operator Gassco said on Tuesday.The outage, which Gassco attributed to a crack…

TotalEnergies Inks Two LNG Supply Deals in Asia

Jun 04, 2024

TotalEnergies has signed two new medium and long-term contracts with Korea South-East Power and Indian Oil Corporation (IOCL) for the supply of LNG in Asia.TotalEnergies reached a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery to India of up to 800…

Compliance Issues with Shelf Drilling’s Jack-Up Delay Start of Drilling Ops for Equinor

Jun 04, 2024

Norwegian Ocean Industry Authority (Havtil), the country’s offshore industry safety watchdog, has denied acknowledgement of compliance (AoC) application for Shelf Drililng’s Barsk jack-up, consequently delaying the drilling assignment with Equinor on the Sleipner Vest field…

Equinor Sells Stake in Gina Krog Area Off Norway to PGNiG

Jun 04, 2024

Equinor has agreed the sale of 19.5% interests in production licenses PL 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway.With the agreement, the ownership between Equinor and PGNiG in these licenses will be balanced with the Gina Krog field…

FPSO for BP’s GTA LNG Project Reaches its Destination Offshore West Africa

Jun 04, 2024

The floating production storage and offloading (FPSO) vessel, a key component of the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, has arrived at its final location offshore Mauritania and Senegal.Following completion of its construction at the COSCO Qidong Shipyard in China…

South African Appeals Court Throws Lifeline to Shell's Wild Coast Exploration

Jun 03, 2024

A South African appeals court on Monday suspended a previous ruling that halted offshore exploration by Shell along the unspoilt Wild Coast and allowed oil companies another chance at public consultation, court documents showed.The lack of public…

Deltic Energy Gets More Time to Secure Pensacola Appraisal Well Funding

Jun 03, 2024

Shell, the operator of Pensacola discovery in the North Sea, has granted short period of additional time to partner Deltic Energy to secure funding associated with its share of costs for an appraisal well.In its capacity as Licence Operator of P2252…

Barents Sea-Bound Johan Castberg FPSO Departs for Sea Trials

Jun 03, 2024

Equinor has informed that the floating production storage and offloading (FPSO) vessel Johan Castberg departed for sea trials from Aker Solutions’s Stord yard ahead of its deployment at Barents Sea field.The FPSO for sea trials in Klosterfjorden…

BW Energy Raises Hibiscus Field Reserve Estimates Following Latest Oil Discovery

Jun 03, 2024

BW Energy has increased recoverable reserves estimates for the Hibiscus field, offshore Gabon, following the recent oil discovery on the northern flank of the field.BW Energy has now concluded the drilling and the logging of the DHIBM-7P pilot well…

South Korea's Yoon Approves Exploration of Vast Oil, Gas Prospects

Jun 02, 2024

South Korean President Yoon Suk Yeol gave the green light on Monday to conduct exploratory drilling for potentially vast oil and gas prospects found off the east coast of the nation that is one of the world's largest energy importers.The possibility…

Esgian Week 22 Report: A Shrinking Pool of Vintage Semisubs

Jun 02, 2024

Esgian provides an update on rig sales and the shrinking pool of vintage semisubs in its Week 22 Rig Analytics Market Roundup.Report SummaryContractsNoble Corporation has secured a new well intervention contract with Harbour Energy in UK waters of the North Sea for the 350-ft jackup Noble Resilient…

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