oilandgasnews365 reporter

BP and Ithaca Energy have commenced production from the Vorlich oil field, a £230 million subsea tieback development in the UK North Sea. The Vorlich field, which was discovered in 2014, is estimated to yield 30 million barrels of oil equivalent. It is projected to have a peak production of 20,000 barrels of oil equivalent […]

The Norwegian government is offering 136 blocks in the 25th licensing round on the Norwegian continental shelf (NCS), all of them located in the Norwegian Sea and the Barents Sea. While 11 blocks are being offered in the Norwegian Sea in one region, the remaining 136 blocks are in the Barents Sea, across eight areas. […]

PetroRio has agreed to acquire a stake of 35.7% in the BM-C-30 Block, containing the Wahoo field, and a stake of 60% in the BM-C-32 Block, containing the Itaipu field, from BP, in a deal worth up to $140 million. Both the blocks are located offshore Brazil. Under the terms of the deal, PetroRio will […]

Equinor Energy has secured drilling permit for 31/2-22 S and 31/2-22 A wells in the production licence 090 I (PL 090 I) in the Norwegian North Sea from the Norwegian Petroleum Directorate (NPD). The Norwegian oil and gas company will drill the 31/2-22 S and 31/2-22 A wells using the West Hercules drilling rig, nearly […]

Sparrows Group has won a five-year contract from Spirit Energy for providing crane maintenance and lifting services for the latter’s Morecambe Hub assets in the East Irish Sea. The Morecambe Hub consists of six fields, of which three are operated by Spirit Energy for more than three decades. The North Morecambe, South Morecambe, and Rhyl […]

Italian oilfield services company Saipem has signed a framework agreement, long term agreement (LTA) with Saudi Aramco pertaining to onshore engineering and construction activities in Saudi Arabia. The LTA, which has a duration of 12 years, involves efficiency activities to be carried out on existing facilities. It is part of the larger long-term plan of […]

Saudi Aramco has awarded contracts pertaining to its oil and gas brownfield and plant upgrade projects to eight companies. The long-term agreements (LTAs) with the companies are for a base period of six years, which can be extendable for six more years. The companies, which won the contracts are a consortium of Nasser Saeed Al-Hajri […]

Tata Steel EVEREST Project : McDermott International has won a pre front-end engineering design (FEED) contract from Tata Steel for the latter’s Enhancing Value by Emissions Reuse and Emission Storage Project (EVEREST Project). The project involves the capture of CO2 from Tata Steel’s blast furnaces in IJmuiden, the Netherlands, followed by its transportation for storage […]

Lundin Energy Norway failed to find any hydrocarbons following the drilling of wildcat well 7221/4-1, nearly 30kms east of the Johan Castberg field in the Barents Sea. The exploratory well was drilled in production licence 609 (PL 609) as a shared well with another production licence 1027 in a water depth of 370 metres. Lundin […]

Hess Corporation has wrapped up the previously announced $505 million sale of its 28% stake in the Shenzi Field in the deepwater Gulf of Mexico to BHP, the field’s operator. Located 120 miles from the Louisiana coast, the Shenzi oil and gas field has been in production since 2009. John Hess – Hess CEO said: “This […]