oilandgasnews365

Russian energy company Lukoil has acquired a 5% stake in the Ghasha ultra sour gas project in the Arabian Gulf, offshore Abu Dhabi, from the Abu Dhabi National Oil Company (ADNOC). The Ghasha ultra sour gas project will involve the development of previously undeveloped deposits of gas, oil and gas condensate across nine shallow fields, […]

The European Investment Bank (EIB), through a loan of €110 million, has agreed to support the construction of the IGB Project- Gas Interconnector Greece-Bulgaria (IGB gas pipeline), a 182km long bidirectional pipeline that will link the natural gas systems of Bulgaria and Greece. ICGB AD is the promoter and beneficiary of the IGB gas interconnector. […]

Fluor said that its joint venture COOEC-Fluor Heavy Industries’ fabrication yard in Zhuhai, China, has completed the pipe spool fabrication portion under a contract related to the Al-Zour refinery project in Kuwait awarded by the Kuwait Integrated Petroleum Industries Company (KIPIC). COOEC-Fluor is said to have delivered over 95,000 pipe spools by engineering 337,000 linear […]

Messoyakhaneftegaz, a joint venture between Gazprom Neft and Rosneft, has commissioned a horizontal well at the Vostochno-Messoyakhskoye field in the Achimov deposits located in Siberia, Russia. The commissioning of the horizontal well marks the start of the full-scale development of the Achimovsky deposits located in the Gydan Peninsula, Tazovsky district, Yamalo-Nenets Autonomous Okrug. According to […]

Arcticgas, a joint venture formed by Novatek and Gazprom Neft, has started commercial production at the East-Urengoyskoye+North-Esetinskoye field in Russia’s Yamal-Nenets Autonomous Region. Located within the Samburgskiy license area, in the Purovsky district, the East-Urengoyskoye+North-Esetinskoye field is estimated to produce more than a billion cubic meters of natural gas and also 0.2 million tons of […]

Sparrows Group has bagged a contract from Qatar Petroleum to deliver crane maintenance services on the PS-1 platform at the Idd El-Shargi North Dome field offshore Qatar. The contract was won through a competitive tender process after the transfer of ownership of the asset. Sparrows Group said under the contract, it will be responsible for […]

Maersk Supply Service has won a contract to deliver an integrated mooring lines life extension solution for Royal Dutch Shell’s FPSO Fluminense, which includes project management, engineering, interface management and also offshore execution in Brazilian waters, off the coast of Rio de Janeiro. The offshore phase of the work is likely to begin in December, […]

Weatherford International has bagged two fully integrated rig contracts and one well services (through-tubing intervention) contract with an undisclosed multinational operator in an Iraqi oil field, which is considered to be among the largest proven oil fields in the world. The financial aspects of the contract were not disclosed by the US-based oilfield services company. […]

Baltim South West project : Eni and BP have started production from the Baltim South West gas field in the Egyptian waters of the Mediterranean Sea. The Baltim South West gas field is located in the Baltim South development lease, located in the shallow waters of Nile Delta, and contained in 25m of water depth. […]

Johan Sverdrup phase 1 : The first phase of the NOK 124 billion ($13.6 billion) Johan Sverdrup project in the Norwegian North Sea has produced its first oil, said operator Equinor and its partners. Equinor, which is partnered by Lundin Petroleum, Petoro, Aker BP, and Total E&P Norge, expects to draw 440,000 barrels of oil […]