Eni’s subsidiary Eni East Sepinggan has wrapped up its previously announced sale of a 20% stake in the East Sepinggan area, offshore Indonesia, which contains the Merakes development and Merakes East discovery, to Neptune Energy Group’s subsidiary Neptune Energy East Sepinggan. Financial details of the deal that was announced in July 2019 remained to be […]
Brahms refinery project : Africa Finance Corporation (AFC) has signed an agreement with Brahms Oil Refineries, a part of the Switzerland-based Brahms Group, to join a petroleum storage and associated refinery project in Guinea. Located in Kamsar, the project will include a 76,000m3 crude oil storage terminal, a storage terminal with a capacity of 114,200m3 […]
Norway’s Petroleum Safety Authority (PSA) has granted consent to ConocoPhillips to use the West Linus jack-up rig for production drilling on the Tor field located in the Norwegian sector in the North Sea. The PSA consent allows for the drilling and completion of eight production wells as part of the new development of the Tor […]
Premier Oil has achieved first gas from the Bison, Iguana and Gajah Puteri project (BIG-P gas project) in the Natuna Sea Block A located offshore Indonesia. The UK-based oil and gas company said that the two-year Indonesian gas project was wrapped up on schedule and significantly under the budget. Premier Oil expects the recoverable reserves […]
Subsea 7, a UK-based subsea engineering, construction and services company, has confirmed winning a contract from Woodside for executing phase 2 of the Julimar-Brunello Project in Australia. The value of the contract is in the range of $150 million-$300 million. The contract was won to Subsea 7 earlier this year and was subject to the […]
Wintershall Dea Norge, has made a minor oil discovery in the northern part of the Norwegian Sea, offshore Norway, following the drilling of exploratory well 6611/1-1 in production licence 896. As per preliminary estimates, the size of the new oil discovery in the North Sea is not commercially viable as it has less than a […]
Gunvor Group has signed an LNG marketing and gas supply agreement with Commonwealth LNG pertaining to the latter’s $4 billion Commonwealth LNG export project in Cameron Parish, Louisiana. As per the agreement, the Swiss commodities trading house will help the LNG developor in getting binding LNG offtake and gas supply agreements for the full capacity […]
Norway’s Petroleum Safety Authority (PSA) has granted consent for ConocoPhillips Skandinavia to undertake exploration drilling in Block 25/7 in the Norwegian part of the North Sea. With the approval, ConocoPhillips Skandinavia can now move ahead with the drilling of Well 25/7-9 S in production licence PL 917 where it will evaluate the Hasselbaink prospect. Well […]
Fluor Corporation has bagged the best gas processing/LNG technology award for its Deep Dewpointing Process (DDP) at the Hydrocarbon Processing 2019 Awards held at Houston, Texas. The Deep Dewpointing Process is Fluor’s Cryo-Gas technology solution for rich, unconventional gas applications with 6-12 gallons per minute natural gas liquid content and 500 pounds per square inch […]
Atlantic Gulf & Pacific (AG&P), a Singapore-based downstream gas and LNG logistics company, has made an equity investment in LNG vessel developer Kanfer Shipping. Based in Norway, Kanfer Shipping develops small-scale LNG sea transportation, floating storage facilities, maritime break-bulk solutions, and also LNG bunkering. Through their partnership, Kanfer Shipping and Atlantic Gulf & Pacific expect […]