Oil and gas industry news

Maersk Drilling has bagged a one-well contract worth around $14.3 million from OMV (Norge) for using its Maersk Integrator jack-up rig for drilling in the Ommadawn prospect in PL 970 in Norwegian waters. The jack-up rig will drill an exploration well in the prospect with the contract expected to begin in mid-2021. It is estimated […]

Rosneft Oil Company’s subsidiary RN-Krasnodarneftegaz has wrapped up the construction of the Troitsk compressor station at the Anastasievsko-Troitskaya group of fields in Russia. The annual gas capacity of Troitsk compressor station is expected to be 300 million cubic metres. According to Rosneft, the new compressor station will get associated petroleum gas and low-pressure gas lift […]

Russian oil company Gazprom Neft and Royal Dutch Shell have completed a deal to set up a joint venture (JV) for studying and developing the onshore Leskinsky and Pukhutsyayakhsky blocks on the Gydan Peninsula in Siberia, Russia. As per the terms of the transaction, both the companies will hold a 50% interest in the charter capital […]

TechnipFMC has completed the remaining conditions needed to begin work on the engineering, procurement, and construction (EPC) contract for the construction of a new hydrocracking complex for the Assiut oil refinery in Egypt. The more than $1 billion contract was awarded by Assiut National Oil Processing Company (ANOPC). Under the contract, TechnipFMC will provide EPC […]

BP and Ithaca Energy have commenced production from the Vorlich oil field, a £230 million subsea tieback development in the UK North Sea. The Vorlich field, which was discovered in 2014, is estimated to yield 30 million barrels of oil equivalent. It is projected to have a peak production of 20,000 barrels of oil equivalent […]

APA Group proposes to build the Northern Goldfields Interconnect Pipeline (NGI pipeline), a new 580km long 12” gas pipeline in Western Australia, with an investment of up to AUD460 million ($341.55m). According to the Australian energy infrastructure firm, the new pipeline is planned to connect emerging gas fields in the Perth Basin with the Goldfields […]

Aker Solutions has been awarded a maintenance and modifications contract from Equinor for the Peregrino oil field in Brazilian waters. The Norwegian engineering company did not reveal the value of the contract, which is for four years and has an extension option for two years. Aker Solutions stated that it had won various subsea contracts […]

The Norwegian government is offering 136 blocks in the 25th licensing round on the Norwegian continental shelf (NCS), all of them located in the Norwegian Sea and the Barents Sea. While 11 blocks are being offered in the Norwegian Sea in one region, the remaining 136 blocks are in the Barents Sea, across eight areas. […]

PetroRio has agreed to acquire a stake of 35.7% in the BM-C-30 Block, containing the Wahoo field, and a stake of 60% in the BM-C-32 Block, containing the Itaipu field, from BP, in a deal worth up to $140 million. Both the blocks are located offshore Brazil. Under the terms of the deal, PetroRio will […]

Equinor Energy has secured drilling permit for 31/2-22 S and 31/2-22 A wells in the production licence 090 I (PL 090 I) in the Norwegian North Sea from the Norwegian Petroleum Directorate (NPD). The Norwegian oil and gas company will drill the 31/2-22 S and 31/2-22 A wells using the West Hercules drilling rig, nearly […]