Pandion to enter Calypso prospect after swapping license interests with...
Pandion Energy has entered into an agreement with ConocoPhillips to swap interests in licenses located in the North Sea and the Norwegian Sea, respectively. Pandion said on Thursday that, under the...
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Aker Solutions scoops up Tommeliten Alpha contracts
Aker Solutions has won two contracts from ConocoPhillips for the Tommeliten Alpha development offshore Norway. The NOK 1.2 billion ($129.3 million) deal will see the company deliver the subsea...
View ArticleEnergean buys field support vessel for Karish project in Israel
Oil and gas company Energean has bought a field support vessel (FSV) to support its operations on the Karish field located offshore Israel. Energean said on Friday that the vessel was bought by its...
View ArticleAker BP all set to start production from Norwegian gas field
Norwegian oil and gas company Aker BP is now ready to start production from Phase 1 of its operated Ærfugl gas and condensate field development located in the Norwegian Sea. The development of the...
View ArticleOffshore workers’ strike to hit production on six Norwegian fields
Strike action by Norwegian offshore oil and gas workers will affect production on six fields in the North Sea offshore Norway. Notice given by the Lederne union on extending its offshore walkout will...
View ArticleBorr Drilling keeping busy as rigs head to new assignments
Offshore drilling contractor Borr Drilling is keeping its fleet busy as three of its rigs have recently started their new contracts and two more are expected to start operations in the last quarter of...
View ArticleU.S. offshore rig count flat for another week
The number of active rigs in the U.S. remained unchanged for another week, according to weekly rig count reports by Baker Hughes. Baker Hughes Rig Count: U.S. +5 to 266 rigs U.S. Rig Count is up 5...
View ArticleEquinor forced to shut down four fields due to strike
Norwegian oil and gas giant Equinor has been forced to shut down four of its fields in the North Sea following an escalation in strike action by offshore oil and gas workers. Members of the Lederne...
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Noble Energy shareholders vote yes for Chevron merger
Noble Energy’s shareholders approved the pending merger with Chevron and all other proposals related to the merger at Noble Energy’s special meeting of shareholders held last Friday. Noble Energy’s...
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TechnipFMC names new head of Technip Energies
TechnipFMC has appointed Arnaud Pieton as President and CEO-elect, Technip Energies, effective immediately. As a result, the company has also appointed Jonathan Landes to the role of President –...
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Kosmos closes $200 million facility secured against Gulf of Mexico assets
U.S.-based oil and gas company Kosmos Energy has closed a Gulf of Mexico facility with Beal Bank USA and Trafigura, thereby expanding its borrowing capacity by $50 million. Kosmos Energy’s Gulf of...
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Digital tools on Johan Sverdrup field boost Equinor revenues
Driven by digital technologies, Norwegian energy giant Equinor has increased its earnings by more than NOK 2 billion ($215.2 million) since its Johan Sverdrup field, located in the North Sea, started...
View ArticleLundin makes a deal to buy Barents Sea assets from Idemitsu
Swedish oil and gas company Lundin Energy has entered into an agreement with Idemitsu Petroleum to acquire its interests in a portfolio of licences in the Barents Sea offshore Norway. The agreement...
View ArticleChevron closes Noble Energy acquisition
Oil major Chevron has completed its previously announced acquisition of Noble Energy following approval by Noble Energy shareholders. Chevron and Noble Energy entered into a definitive merger...
View ArticleIOG gives up on Deltic Energy takeover plans
UK-based Independent Oil & Gas (IOG) has given up on its plan to acquire its compatriot oil and gas player Deltic Energy, formerly known as Cluff Natural Resources. IOG confirmed on Monday it does...
View ArticleOdfjell eyes major drilling & completion job with Equinor
Norway’s Equinor has awarded a letter of intent to Odfjell Drilling for the drilling and completion of the Breidablikk project in the North Sea with Deepsea Aberdeen rig. Equinor submitted the plan...
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EIA: U.S. hits new natural gas highs in 2019
The U.S. Energy Information Administration’s (EIA) Natural Gas Annual shows that the United States set new records in natural gas production, consumption, and gross exports in 2019. In 2019, dry...
View ArticleHess sells stake in Gulf of Mexico field to fund Guyana project
Oil and gas company Hess Corporation has entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana. Hess...
View ArticlePremier Oil and Chrysaor to merge in largest independent oil & gas player on LSE
UK oil and gas company Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of...
View ArticleEquinor to cut exploration staff by 30 per cent
Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand. In a statement sent to Offshore Energy, a spokesperson for...
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