Oil and gas industry news

Sparrows Group has won a five-year contract from Spirit Energy for providing crane maintenance and lifting services for the latter’s Morecambe Hub assets in the East Irish Sea. The Morecambe Hub consists of six fields, of which three are operated by Spirit Energy for more than three decades. The North Morecambe, South Morecambe, and Rhyl […]

Italian oilfield services company Saipem has signed a framework agreement, long term agreement (LTA) with Saudi Aramco pertaining to onshore engineering and construction activities in Saudi Arabia. The LTA, which has a duration of 12 years, involves efficiency activities to be carried out on existing facilities. It is part of the larger long-term plan of […]

Saudi Aramco has awarded contracts pertaining to its oil and gas brownfield and plant upgrade projects to eight companies. The long-term agreements (LTAs) with the companies are for a base period of six years, which can be extendable for six more years. The companies, which won the contracts are a consortium of Nasser Saeed Al-Hajri […]

Tata Steel EVEREST Project : McDermott International has won a pre front-end engineering design (FEED) contract from Tata Steel for the latter’s Enhancing Value by Emissions Reuse and Emission Storage Project (EVEREST Project). The project involves the capture of CO2 from Tata Steel’s blast furnaces in IJmuiden, the Netherlands, followed by its transportation for storage […]

Lundin Energy Norway failed to find any hydrocarbons following the drilling of wildcat well 7221/4-1, nearly 30kms east of the Johan Castberg field in the Barents Sea. The exploratory well was drilled in production licence 609 (PL 609) as a shared well with another production licence 1027 in a water depth of 370 metres. Lundin […]

Hess Corporation has wrapped up the previously announced $505 million sale of its 28% stake in the Shenzi Field in the deepwater Gulf of Mexico to BHP, the field’s operator. Located 120 miles from the Louisiana coast, the Shenzi oil and gas field has been in production since 2009. John Hess – Hess CEO said: “This […]

Norwegian Prime Minister Erna Solberg inaugurated what is claimed to be the largest CO2 transport test facility in the world, owned by Equinor in Porsgrunn, Norway. According to Equinor, the test facility sends CO2 in pipelines in gas as well as liquid form. The objective of the CO2 transport test facility is to study more […]

bp Australia, a subsidiary of oil and gas giant bp, said that it will stop fuel production at its Kwinana oil refinery in Kwinana Beach and ‎make it into a fuel import terminal to help ensure fuel supply security for Western ‎Australia. Closing of the refinery will leave 650 jobs at risk. Located near Fremantle, […]

Bermuda-based drilling contractor Borr Drilling has agreed to sell its cold stacked Atla jack-up drilling rig to an independent operator for an undisclosed price. However, the drilling contractor said that with the previously announced sale of the Eir jack-up drilling rig, which was wrapped up in October, the company will register $13 million in total […]

Equinor and its partner BP Canada have pulled off a couple of oil discoveries offshore Newfoundland, Canada through the drilling of the Cappahayden and Cambriol prospects in the Flemish Pass Basin. However, Equinor said that it is too early to give any specific information on the volumes estimated at the Cappahayden and Cambriol hydrocarbon discoveries. Paul McCafferty – Equinor […]