Oil and gas industry news

Danish drilling rig operator Maersk Drilling has bagged a drilling contract worth $16.5 million for its Maersk Interceptor jackup drilling rig from MOL Norge for the drilling of an exploration well on PL617 in the Southern North Sea in Norwegian waters. MOL Norge is the operator of PL617 where it is partnered by Wintershall Dea and […]

Aker BP has made a minor oil discovery near the producing Repsol Norge-operated Gyda oil field in the southern part of the Norwegian North Sea through the drilling of wildcat well 2/1-17 S in production licence 019 C (PL 019 C). However, the latest oil discovery in the North Sea has been assessed to be […]

US energy firm Chevron has been allowed to drill oil and gas in Venezuela, despite US sanctions on the country. The licence for Chevon has been extended by the Trump administration for three months in the country that is on the brink of economic and political collapse. With the extension, the licence will expire on […]

Malaysian oil and gas major Petronas and Japan’s JXTG Holdings are reportedly looking to acquire a stake in India’s Bina Refinery. Located at Bina in the state of Madhya Pradesh, the refinery has a crude oil processing capacity of 156,000 barrels per day (bpd). The Indian oil refinery, which was commissioned in June 2011, is […]

Starwood Energy Group Global has signed a deal to acquire Third Coast Midstream’s Lavaca gas gathering system in Texas, located in and around Lavaca County, for an undisclosed price. The gas gathering infrastructure includes 260 plus miles of natural gas gathering pipes and related infrastructure. The Lavaca gas gathering system offers gathering and artificial gas […]

Noble Energy and its partners have acquired a 39% equity stake in the Eastern Mediterranean Gas Company (EMG), the holding company of the Eastern Mediterranean Gas pipeline (EMG gas pipeline). The US-based oil and gas company’s total acquisition cost of the EMG Pipeline is valued at $185 million while the company has gained a 10% […]

Echino South oil and gas discovery : Equinor and its partners, through the drilling of the 35/11-23 exploration well at the Echino South prospect have pulled off an oil and gas discovery near the producing Fram field operated by the company in the northern part of the North Sea, offshore Norway. The Norwegian oil and […]

Rangeland Midstream Canada, a subsidiary of Rangeland Energy III,  has started the construction of the Marten Hills Pipeline System in Alberta, Canada. The Marten Hills Pipeline System, which is located in the Marten Hills region of north-central Alberta, comprises new crude oil and condensate pipelines. The pipeline system will extend nearly 85km, ending at an […]

Hilcorp Energy Company’s affiliate Harvest Midstream Company has broken ground on the Ingleside Pipeline – a 24-mile long oil pipeline, and the Harvest Midway Terminal in Texas. The 24inch Ingleside Pipeline, which will begin from the Harvest Midway Terminal, will connect to various oil export terminals in the Ingleside area. Some of them include the […]

Fluor Corporation said that its consortium with KazNIPImunaigas, a branch of KMG Engineering, has won a three-year engineering services contract from Karachaganak Petroleum Operating (KPO) for projects at its Karachaganak Field in Kazakhstan. The contract also has two potential one-year extensions. Fluor said that it has booked the undisclosed contract value in Q3 2019. Under […]