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Oil and gas industry news
509 posts
NEA/NI project : Energean reaches FID on $235m offshore gas project in Egypt
Energean has reached a final investment decision (FID) on the North El Amriya and North Idku (NEA/NI project), a $235 million subsea tieback project located offshore Egypt. The North El Amriya block contains a couple of discovered and appraised gas fields, namely Yazzi and Python. The North Idku block, on the other hand, contains four […]
INPEX wins PL 1130 and PL 1129 licenses in Norway’s APA 2020 round
Japanese oil company INPEX, through its subsidiary INPEX Norge, has won two Norwegian offshore licenses – PL 1130 and PL 1129 as part of Norway’s Awards in Pre-defined Areas 2020 licensing round (APA 2020 licensing round). PL 1130 is contained in the Nyk High region of the northern Norwegian Sea. On the other hand, the […]
Pine Mills oil field : Nostra Terra completes Cypress farm-out well
Nostra Terra, a UK-based oil and gas company, said that it has completed the Cypress farm-out well at its Pine Mills oil field in the Permian Basin in Wood County, Texas. The company had perforated the Cypress farm-out well in the target formation in December 2020. After this, the well was swabbed for removing drilling […]
PetroNeft Resources to increase stake in Licence 67 in Russia to 90%
Irish oil and gas company PetroNeft Resources has signed a heads of terms agreement to acquire an additional 40% stake in Licence 67 in Russia for $2.9 million from Belgrave Naftogas (formerly Arawak Energy Russia). Licence 67 is a 2,447 km2 oil and gas block located in the Western Siberian Oil and Gas Basin in […]
Halliburton carries out electric grid-powered fracturing in Permian Basin
Halliburton revealed that it has successfully deployed an electric grid-powered fracturing operation for Cimarex Energy on several pads in the Permian Basin in the US. The US-based oilfield services company said that it had started the work in November 2020 and has so far finished nearly 340 stages across various wells using utility-powered electric frac […]
Heirs Holdings acquires 45% stake in onshore oil block OML 17 in Nigeria
Heirs Holdings in partnership with affiliated company Transnational Corporation of Nigeria (Transcorp), has acquired a 45% non-operating stake in OML 17, an onshore oil concession in Nigeria, along with associated assets. While Heirs Holdings is an Africa-focused investment company, Transnational Corporation is a publicly listed conglomerate in Nigeria, which is engaged in producing power among […]
New Fortress Energy to acquire Hygo Energy Transition and Golar LNG Partners for $5bn
US-based gas-to-power company New Fortress Energy (NFE) has agreed to acquire Bermuda-based natural gas storage provider Hygo Energy Transition and Golar LNG Partners (GMLP) for a total of $5 billion. Hygo Energy Transition is a 50-50 joint venture between Golar LNG (GLNG) and Stonepeak Infrastructure Fund II Cayman (G), a fund managed by Stonepeak Infrastructure […]
Reliance and BP begin production at R Cluster gas project in Krishna-Godavari Basin
Reliance Industries and BP have commenced production at the R Cluster ultra-deepwater field in the KG D6 block. Find out how this milestone fits into India’s energy goals.
Hilcorp Energy finalizes $5.6bn acquisition of BP’s Alaska business amid strategic transition in the North Slope oil sector
Hilcorp Energy finalizes its $5.6B acquisition of BP’s Alaska assets. Find out how this deal reshapes North Slope oil operations and the Trans-Alaska pipeline.
Aker BP and partners commit $140m to develop Gråsel oil field in Norwegian Sea
Aker BP greenlights a $140 million plan to develop the Gråsel oil field in 2021, aiming to boost Norwegian Sea output and extend Skarv FPSO operations.