Phase 1 of the offshore Norwegian oil project begins production
Ærfugl phase 1 project : Operator Aker BP and its partners Equinor, Wintershall Dea, and PGNiG have begun production from the phase 1 development of the Ærfugl oil field (formerly Snadd field) in the Norwegian Sea. The partners are developing the offshore Ærfugl field in two phases with a total investment of NOK8 billion ($873.12 […]
ADNOC LNG, a subsidiary of ADNOC, and energy trader Vitol have signed a six-year supply agreement for the sale of 1.8 million tons per annum (mtpa) of post-2022 LNG volumes. The Abu Dhabi-based ADNOC LNG also signed a two-year supply agreement with French oil and gas giant Total for 0.75 mtpa of 2021 and 2022 […]
Sparrows Group has won a five-year contract from an undisclosed major operator in the UK Continental Shelf (UKCS) for undertaking inspection services across the latter’s assets in the region. According to Sparrows Group, the project has a couple of one-year extension options. Under the contract, the Scotland-based engineering and maintenance solutions provider will be responsible […]
McDermott International has won a contract to deliver front end engineering and design (FEED) services pertaining to the Ichthys LNG Project offshore Australia from INPEX. The contract is for providing booster compression module FEED with optional engineering, procurement and construction (EPC) for the liquefied natural gas (LNG) field development project. The booster compression module will […]
McDermott International has been awarded the next phase of an ethane cracking project in Russia from China National Chemical Engineering & Construction Corporation Seven (CC7). Last year, McDermott won a contract for the extended basic engineering on the petrochemical project. The same has been now expanded to cover the provision of the engineering and procurement […]
Cenovus Energy acquisition of Husky Energy : Cenovus Energy has signed an all-stock deal worth around CAD 3.8 billion ($2.9 billion) to acquire rival Canadian oil and gas company Husky Energy. The operations of Cenovus Energy include oil sands projects across northern Alberta in Canada. The company also has natural gas and oil production in […]
Abu Dhabi National Oil Company (ADNOC) has signed a $2.1 billion deal to offload a stake of 20% in ADNOC Gas Pipelines HoldCo to UAE state-owned investors Abu Dhabi Pension Fund (ADPF) and ADQ. The deal enables the entry of ADPF and ADQ into ADNOC Gas Pipeline Assets, a natural gas pipeline partnership in the […]
Seadrill Partners said that it has bagged additional work from oil and gas giant BP for the West Vela drilling ship in the US Gulf of Mexico. According to the British drilling rig operator, the contract value for the firm part is likely to be $23.8 million. The contract is likely to run until early […]
Superior Plus, a US-based energy products distributor, said that one of its fully-owned subsidiaries has acquired Central Coast Propane, a retail propane distributor in Southern California. The financial terms of the deal were not revealed by the parties. Based in Paso Robles, Central Coast Propane has been operating since 1992. The independent retail propane distributor […]
BP and its partners Makarim Gas Development (OQ), Petronas have started production from the Ghazeer gas field in the phase 2 of the onshore Block 61 in Oman. Production from the Omani gas field was achieved 33 months after the approval of the development. The Ghazeer gas project was initially expected to be brought on […]