Ichthys LNG project : McDermott International and GE’s subsidiary Baker Hughes have secured contracts for the INPEX-operated Ichthys Liquefied Natural Gas (LNG) field development, located off the northwest coast of Western Australia. The contracts have been awarded to provide joint umbilicals, risers, and flowlines (URF) and subsea production system (SPS) solution for the Ichthys gas […]
Occidental Petroleum and Ecopetrol have announced the formation of a joint venture to develop Midland Basin properties in the Permian Basin. The joint venture will speed up the development of 97,000 net acres of Occidental’s properties in the Midland Basin. To acquire a 49% stake in the joint venture, Ecopetrol will pay $750m in cash […]
British-Dutch oil and gas firm Royal Dutch Shell has taken the final investment decision on the PowerNap deepwater project in the US Gulf of Mexico. Discovered by Shell in 2014, the PowerNap field is located in the south-central Mississippi Canyon area, approximately 240km from New Orleans. Expected to begin production in late 2021, PowerNap will […]
Whiting Petroleum, a Delaware oil and gas company, announced that it would slash its workforce by 33%, or 254 positions in a restructuring move, as per news on oil and gas jobs in Delaware. Of the total job cuts, 94 positions are executive and corporate positions. Whiting Petroleum expects to record $50 million of annual […]
Equinor Energy, ExxonMobil and Vår Energi have announced the start of production from the Trestakk field in the Norwegian Sea, on time, and without any serious incidents. The Trestakk oil and gas field, which is located on Haltenbanken Norwegian Sea in a depth of around 3,900 metres, is tied back to the Åsgard A floating […]
The Gibraltar government confirmed that the Grace 1 oil tanker based in Iran, which was seized in its territory, is loaded to capacity with crude oil. On 4 June, British Royal Marines seized the Iranian oil tanker, a very large crude carrier, on the suspicion that it carrying crude oil to Syria, violating European Union […]
New York’s attorney general has filed a lawsuit against ExxonMobil, accusing the oil and gas producer of misleading investors about the risks of climate change regulations to its business. The attorney general alleged that ExxonMobil defrauded investors by misleading them into believing that it accounted for the financial risks associated with the stringent regulations over […]