Equinor coronavirus case : Oil and gas giant Equinor revealed that one of its personnel at the Martin Linge field in the Norwegian North Sea has been found to have contracted the novel coronavirus. Currently, the Martin Linge field is under construction and is targeted to begin production at the end of this year. As […]
TechnipFMC has bagged an integrated engineering, procurement, construction, and installation (iEPCI) contract from BP Angola for the Platina field development in Block 18 in Angolan waters. The contract value is in the range of $75-250 million. The Platina field, which was discovered in 1999, is contained in water depths in the range of 1,200-1,500 meters. […]
International Petroleum Corp. (IPC), a member of the Lundin Group of Companies, has wrapped up its previously announced $59 million acquisition of Granite Oil Corp, a Canadian oil and gas company engaged in light oil production in southern Alberta. Through the acquisition, International Petroleum Corp. gains access to total proved plus probable (2P) reserves of […]
Sigrun East oil discovery : Equinor and its partner Neptune Energy have pulled off an oil discovery in the Sigrun East prospect in the Norwegian North Sea, believed to have estimated recoverable resources of 7-17 million barrels of oil equivalent. The oil discovery on the Norwegian Continental Shelf was made in production licence PL 025 […]
Phillips 66 has created a joint venture called Bluewater Texas Terminal with Trafigura Group to develop an offshore deepwater port project. The deepwater port project, to be built by Phillips 66, will be located nearly 21 nautical miles east of the entrance to the Port of Corpus Christi. It will comprise a couple of single […]
Denmark-based Maersk Decom has bagged a contract from Tullow Oil for the complete plugging and abandonment of the latter’s Banda and Tiof fields offshore Mauritania. The company is a 50:50 joint venture between Maersk Drilling and Maersk Supply Service, which was created in 2018, to offer decommissioning solutions to the offshore energy industry. The Mauritanian […]
Petrobras has launched the sale process of its stake in the Merluza and Lagosta fields, contained in the shallow waters of the Santos Basin, Brazil. The Brazilian national oil company said that the sale of is stake in the Santo Basin fields is in line with the optimization of its portfolio and also for improving […]
United Oil and Gas has completed its previously announced $16 million acquisition of Rockhopper Egypt from Rockhopper Exploration to enter into the producing Abu Sennan block in Egypt. The deal, which was announced in July 2019, was closed after satisfying preceding conditions. Rockhopper Egypt holds a 22% non-operating stake in the onshore Abu Sennan concession. […]
Aker BP and PGNiG have secured consent from the Norwegian Petroleum Directorate (NPD) to begin production at the Skogul oil field in production licence 460 in the North Sea. The offshore Norwegian field has been developed with a subsea template tied-in to the Alvheim FPSO through the Vilje field. Discovered in 2010 following the drilling of […]
London based energy services provider Hunting acquires Enpro Subsea, a subsea production technology provider based in Scotland
Hunting acquisition of Enpro Subsea : London based energy services provider Hunting PLC has made a $36 million worth acquisition of Enpro Subsea from members of the latter’s management team and Energy Ventures Private Equity. Founded in 2011, the Scotland based Enpro Subsea had developed subsea production technology that is used by offshore oil and […]