Wellesley Petroleum has failed to find any hydrocarbons following the drilling of exploratory well 6204/11-3 in production licence 829 (PL 829) in the Norwegian North Sea. The wild cat well was spudded by the PL 829 operator nearly 75 kilometres north of the Gjøa field and 60 kilometres northwest of the Norwegian town of Florø. […]
Italian oil and gas giant and BP have made a new gas discovery in the Great Nooros Area in the Mediterranean Sea in Egypt through the drilling of the Nidoco NW-1 exploratory well in the Abu Madi West Development Lease. The new gas discovery in Egypt was made in the conventional waters of the Nile […]
Sapura Energy, a Malaysian oil and gas services company, has won three contracts with a total value of 840 million Malaysian Ringgit ($206 million) in South America and Africa. The contracts include a couple of major project wins in South America, and a drilling contract in the Ivory Coast. In South America, Sapura Energy’s subsidiary […]
Equinor said that it has given a NOK400 million worth ($42 million) engineering, procurement, construction, and installation (EPCI) contract to Wood for the MEG Upgrade project at the Kollsnes gas processing plant in Norway, on behalf of the operator Gassco. As per the EPCI contract, Wood will upgrade the mono-ethylene glycol (MEG) regeneration handling capacity […]
Finnish oil refining company Neste has divested its stake of 49.99% in Nynas to Bitumina Industries for an undisclosed price. Nynas is a Sweden-based manufacturer and marketer of naphthenic specialty oils and bitumen products. The company has four refineries located across Harburg in Germany, Nynäshamn and Gothenburg in Sweden, and Eastham in the UK. Eastham […]
Bhavnagar CNG terminal : The western Indian state of Gujarat has approved a letter of intent (LOI) pertaining to a compressed natural gas terminal at the Bhavnagar port to be developed with an investment of INR19 billion ($260 million). The midstream facility sanctioned by Gujarat Chief Minister Vijaybhai Rupani is expected to become the first-ever […]
Neptune Energy has been granted a drilling permit from the Norwegian Petroleum Directorate (NPD) for drilling well 6406/12-G-1 H in production licence 586 (PL 586) in the Norwegian Sea. The wildcat well will be drilled by using the West Phoenix drilling facility once it wraps up the drilling of observation well 6406/12-H-4 for Neptune Energy […]
Chinese national oil company CNOOC said that it has started production from its 100% owned Nanbao 35-2 oilfield S1 area in the central Bohai Sea in China. Nanbao 35-2 oilfield S1 area is contained in an average water depth of 17 meters. Apart from completely using the existing facilities of the Nanbao 35-2 oilfield, the […]
Aker Solutions has bagged a three-year contract extension from ConocoPhillips to an existing framework agreement for work at the latter’s operated North Sea fields. The Norwegian engineering company will continue as the main supplier of maintenance and modifications work offshore Norway for ConocoPhillips with the agreement to run from January 2021 until the end of […]
Brazilian polyolefins producer Braskem said that it has started commercial production at its new $750 million polypropylene plant in La Porte, Texas, which is capable of producing 450 kilotons (kt) or a billion pounds per year. Braskem said that the new polypropylene production line is capable of producing the entire polypropylene portfolio, which includes a […]