Petrofac’s Engineering & Production Services (EPS) East business has secured a four-year renewal of a contract for maintenance management services for an international oil company client in Iraq.Under the agreement, which is worth approximately US$50 million…
Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and…
Norway has again revised up the estimated cost of developing the Martin Linge oil and gas field, which state-controlled Equinor bought from France's Total last year, with the start-up delayed until 2020, according to the fiscal budget.The North…
Australian Oil and gas explorer Beach Energy said it will sell a 40 percent stake in its Victorian Otway gas assets for USD 243 million, and trimmed its earnings and production guidance.Through their wholly-owned subsidiaries Lattice Energy Limited and OGOG (Otway) Pty…
U.S. operator Talos Energy informed that the Mexican oil & gas regulator, the National Hydrocarbons Commission (CNH) has approved the appraisal plan for the Zama discovery.The approval of the appraisal plan by the CNH is a key approval required to commence the appraisal of the Zama discovery…
Aker Solutions said it has secured an order from Petrobras to provide a subsea production system and related services for the Mero 1 project, the first full production project within the major Mero field development, one of the largest oil discoveries in Brazil's pre-salt area…
Lundin Petroleum AB through its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor Energy, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359…
Indian multinational oil and gas gaint Oil and Natural Gas Corporation (ONGC) has awarded an contract for developing the Deep Water Project KG-DWN-98/2 (Cluster-2) in East Coast to a Consortium of Baker Huges GE, McDermott and L&T Hydrocarbon…
Interventek Subsea Engineering has secured recent orders in excess of £1 million ($1.3 million) for itsRevolution in-riser shear and seal safety valve.The orders represent repeat business, from Louisiana based Professional Rental Tools LLC (PRT…
Exxon Mobil Corp will focus on drilling and production in Brazil now that it has made extensive acquisitions of oil blocks in the country, the company's chief executive officer in Brazil, Carla Lacerda, said on Thursday.Exxon also sees new opportunities in Brazil's biofuels…
Brazil's most productive field, the Lula, located in the offshore Santos basin, should hit peak production in 2020 or 2021, after reaching 1 million barrels of oil equivalent per day next year, an executive at Royal Dutch Shell said on Wednesday…
BP has brought the Bruce, Keith and Rhum fields back on production following the successful repair of the Forties Pipeline System, Serica Energy reported on 12 January. Production from the fields was shut-in on 11 December, along with other fields using the system…
The Norwegian Petroleum Directorate (NPD) says that while oil production is down on the Norwegian Continential Shelf (NCS), overall production rose for the fourth straight year. The NPD's forecasts indicate that the production increase will continue toward 2023…
A new report from analyst firm Wood Mackenzie, 'Deepwater GoM: 5 Things to Look for in 2018,' says costs have bottomed out and operators have set a new standard for operational efficiency, pointing toward positivity for the US deepwater Gulf of Mexico in 2018…
Forties Pipeline System (FPS) operator Ineos says all restrictions on flow through the pipeline have now been lifted following mechanical completion of a repair to the onshore section of the major North Sea export trunkline. 'All restrictions…