Maha Energy said that it is set to be awarded a new onshore exploration block – Block 70 in Oman that includes the Mafraq heavy oil field from the Omani Ministry of Energy and Minerals. According to the Swedish oil and gas company, Mafraq is a shallow undeveloped field. Block 70 is located in the […]
French oil and gas giant Total said that it will invest over €500 million for modifying its Grandpuits crude oil refinery in Seine-et-Marne, France to producing biofuels and bioplastics. The new zero-crude platform of Total will concentrate on four new industrial activities. These include renewable diesel mainly for the use in the aviation industry, production […]
Woodside Energy has given a contract to DOF Subsea Australia for providing transportation and installation (T&I) services in support of flowline installation operations in the Cossack Wanaea Lambert and Hermes (CWLH) field in Australia’s North West Shelf. The contract awarded by the Australian oil and gas company covers project management, engineering, transportation, and installation services […]
Archer has bagged a four-year contract extension worth up to $100 million from Apache Corporation for providing platform drilling operations and maintenance services for certain UK North Sea fields. The fields that are part of the contract are Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie, and Delta. The oil services company said that the […]
Austria-based oil and gas company OMV has agreed to sell its 51% stake in Gas Connect Austria to VERBUND, an Austrian electricity company, for EUR 271 million. In addition to the consideration, VERBUND will assume the outstanding liabilities of Gas Connect Austria to OMV on the closing date in 2021. As per the terms of […]
Petróleo Brasileiro S.A (Petrobras) said that it has identified the presence of hydrocarbons in the Well 1-BRSA-1376D-RJS (Naru) of Block C-M-657 in the pre-salt of the Campos Basin. According to the Brazilian national oil company, the Naru well was drilled nearly 308km from the city of Rio de Janeiro in Brazil, in water depth of […]
Oilfield service company Weatherford International has joined forces with Scotland-based automated well control technology provider Safe Influx with an aim to revolutionising well integrity during the construction sage. In this regard, the companies have signed a memorandum of understanding (MoU). Under the MoU, Weatherford and Safe Influx will cooperate across the world to launch the […]
Max Midstream said that it has acquired the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun in Texas and plans to build a pipeline with an investment of $1 billion that will directly connect the port to both the Eagle Ford and Permian Basins. According to the Texas-based midstream company, the […]
PGNiG Upstream Norway has agreed to acquire the stakes of Norske Shell in the producing Kvitebjørn and Valemon fields in the Norwegian North Sea. Norske Shell is a subsidiary of Royal Dutch Shell, while PGNiG Upstream Norway is a subsidiary of Polish state-controlled oil and gas company PGNiG. The financial terms of the deal were […]
Liuhua 16-2 oilfield/ 20-2 project : CNOOC has started production of the Liuhua 16-2 oilfield/ 20-2 oilfield joint development project in the Eastern South China Sea. According to the Chinese national oil company, the Liuhua 16-2 oilfield / 20-2 oilfield joint development project is in an average water depth of nearly 410 meters. CNOOC said […]