Peregrino phase 2 project : Oil and gas company Equinor has started oil production from the phase 2 development of the Peregrino oil field in the Campos Basin, offshore Brazil. Originally scheduled to commence production in 2020, Peregrino phase 2 development faced delay following the outbreak of Covid-19. Equinor (formerly Statoil) submitted the plan of […]
Oil and gas industry news : Statoil and its partners will invest a little over NOK 5 billion ($642 million) for further development of the Snohvit field in offshore Norway by bringing the Askeladd field into production to supply feedstock for the Hammerfest LNG plant at Melkoya. The development of the Askeladd field in the […]
Norwegian engineering company Kvaerner has bagged a contract of around NOK 3.8 billion ($ 481 million) related to the Johan Castberg project in offshore Norway from Statoil. Under the contract, Kvaerner will construct and install the topside structure for the floating production, storage and offloading vessel (FPSO) of the offshore oil and gas project located […]
Oil and gas news : China National Offshore Oil Corporation (CNOOC) and its partners have achieved production from the $6 billion worth Stampede oil and gas project, located in the deepwater US Gulf of Mexico. The Stampede oil and gas field is located about 185 kilometres south of Fourchon in Louisiana. The offshore field is […]
Oil and gas news : Norwegian energy company Statoil and its partners will use the West Hercules drilling rig for Barents Sea exploration following a contract awarded to North Atlantic Norway to use its semi-submersible rig for the drilling of two exploration wells this year. The contract estimated to be $15-20 million for the drilling […]
Energy acquisition news : Statkraft, a hydropower company owned by the Norway government, has reached a deal worth £558 million to divest its 40% stake in the 316.8MW Sheringham Shoal offshore wind project in the United Kingdom to Equitix, a London-based private equity firm. The Sheringham Shoal wind farm, which broke ground in 2009, is […]