Japan's Cosmo Energy Holdings Co Ltd said on Friday it has signed a new agreement with Qatar Energy to continue its operation in the Al-Karkara and A-Structures offshore oil fields, which came into effect after the expiry of the current contract this month…
Chinese oil company CNOOC Limited said Monday that its Bozhong- Kenli oil fields power from shore project had successfully started operation. The project will power 39 offshore platforms in Bohai Bay, China.The main facilities of the project…
Lime Petroleum AS, a subsidiary of Rex International, has completed the acquisition of a 10 percent stake in the Yme offshore oil field in Norway from Kufpec for an after-tax consideration of $$68.053 million. The completion, in agreement with KUFPEC…
Indonesia aims to export natural gas to Vietnam starting in 2026 from the Tuna offshore block located near the Indonesian and Vietnamese maritime border, the country's energy minister said on Friday. Southeast Asia's biggest economy may deliver…
Hurricane Energy's largest shareholder Crystal Amber Fund is calling for the removal of top management at the British company and the appointment of two directors from another firm that the fund says could invest in Hurricane.Hurricane put itself…
Norwegian offshore engineering and construction firm Aker Solutions said Thursday it had secured a 'sizeable' contract with the oil and gas company Wintershall Dea to provide the subsea production system for the Dvalin North field development…
The Brazilian oil and gas company Petrobras has started oil production from the P-71 FPSO in the Itapu field, in the Santos Basin pre- salt area, 200 km offshore Rio de Janeiro. The P-71 FPSO can process up to 150,000 barrels of oil and 6 million m3 of gas per day…
Offshore installation company Allseas will transport and install a new processing platform topside facility with well area and living quarters (NOA PdQ) in the NOAKA area development operated by Aker BP in the Norwegian North Sea.The contract…
Australian oil and gas company Western Gas has signed non-binding milestone agreements with the North West Shelf Project participants and Pluto LNG in Australia to process up to 3 Mtpa of gas from its Equus offshore gas field for LNG export and the WA market from 2027…
Norway's crude oil and gas output fell in November from the previous month, lagging official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output fell to 1.74 million barrels per day (bpd) in November…
Offshore oil and gas regulator Canada-Newfoundland and Labrador Offshore Petroleum Board has laid charges against oil company Suncor in relation to alleged offenses related to a December 29, 2019 worker injury onboard the Terra Nova FPSO.On Sunday evening…
The Norwegian oil and gas company DNO said Monday it had acquired an additional 10 percent stake in the Berling field development project from Sval Energi AS. DNO now owns a 30% stake in the 2018 gas and condensate discovery, previously known as Iris Hades offshore Norway…
The UK offshore energy regulator, the North Sea Transition Authority (NSTA), has fined oil companies EnQuest, Equinor, and Spirit Energy a total of £265,000 (currently around $323,533) for 'behavior that risks the industry’s drive to cut emissions and bolster the UK’s energy security…
Qatar Energy has sold five cargoes of al-Shaheen crude loading in February at premiums of between $1.30 and $1.50 a barrel to Dubai quotes via its monthly tender, two trade sources said on Friday.The premiums are the lowest since June 2021 and…
Norwegian oil firm Aker BP and its partners will invest more than 200 billion crowns ($20.5 billion) to develop several oil and gas fields off Norway in the coming years, the company said on Friday. Aker BP and other oil firms working off Norway…
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