Oil and gas industry news

RockRose Energy has signed a sales and purchase agreement (SPA) to acquire 100% of Speedwell Energy, which owns 100% interest in the Cotton gas field in the UK North Sea. Located in the Southern North Sea, the Cotton field, which was formerly called Carna gas field, is situated 100km east of Scarborough between the Kilmar and […]

Fluor said that Neptune Energy has given a four-year framework agreement to its Stork Worley Integrated Solutions joint venture pertaining to a brownfield modification for its Dutch assets in the North Sea. Under the contract,  Stork Worley Integrated Solutions will deliver engineering, procurement, construction, installation and commissioning, and decommissioning services. Fluor said that it will book […]

UK-based Neptune Energy has completed its previously announced acquisition of 20% stake in the East Sepinggan area offshore Indonesia from Eni for an undisclosed sum. The East Sepinggan area contains the Merakes development and Merakes East discovery, located offshore East Kalimantan. The deal, which was signed in July 2019, also involved the acquisition of a […]

Enbridge Gas, a Canadian natural gas storage, transmission and distribution company, has commissioned the CAD105.7 million ($80.79 million) Kingsville Transmission Reinforcement Pipeline in Essex County, Ontario. The pipeline project was taken up to meet the increasing demand for natural gas in Southwestern Ontario, covering the Windsor-Essex and Chatham-Kent and neighboring areas that include the greenhouse […]

Woodside Energy has confirmed taking a final investment decision (FID) for the Pyxis Hub Project in production license WA-34-L, contained within the Greater Pluto field area in the offshore Carnarvon Basin in North West Australia. The Pyxis Hub Project, which is aimed to be brought into production in 2021, will be a subsea tieback of the […]

Norwegian engineering company Aker Solutions has bagged a contract to support the development of BP’s 100% owned Cypre project located offshore Trinidad and Tobago (T&T). The Cypre gas project involves the development of the Macadamia gas discovery made in June 2017 by BP. Under the contract, Aker Solutions will be responsible for providing front-end engineering […]

Vår Energi celebrated its first anniversary by wrapping up its previously announced $4.5 billion acquisition of the non-operated upstream assets of ExxonMobil in the Norwegian North Sea and the Norwegian Sea. The Norwegian oil and gas company, which is owned by Eni (69.6%) and HitecVision (30.4%), has doubled its production from the Norwegian Continental Shelf […]

Vår Energi, a Norwegian oil and gas company, has signed a partnership agreement with French IT company Capgemini to fast track its digital transformation. As per the agreement, Capgemini will support the digital transformation program of Vår Energi by providing digital services to enable the latter to benefit from the full digital potential. The Norwegian […]

CSV Southern Ocean, a construction support vehicle owned by Bourbon and Oceanteam, has bagged two charters from an undisclosed client on offshore projects located off the East Coast of India. The scope of the contract is a partial continuation of the scope that was initiated in 2018. Oceanteam said that works on the first short […]

Atlantic Gulf & Pacific (AG&P), a Singapore-based downstream gas and LNG logistics company, has made an equity investment in LNG vessel developer Kanfer Shipping. Based in Norway, Kanfer Shipping develops small-scale LNG sea transportation, floating storage facilities, maritime break-bulk solutions, and also LNG bunkering. Through their partnership, Kanfer Shipping and Atlantic Gulf & Pacific expect […]