CNOOC starts up eighth project off China in 2020
Oil and gas company CNOOC Limited has started production from the Liuhua 29-1 gas field in the South China Sea. The Liuhua 29-1 gas field is located in the eastern South China Sea, 86 kilometres...
View ArticleClik here to view.
Rystad sees oil demand peaking in 2028 accelerated by Covid-19 and energy...
The Covid-19 pandemic and energy transition are expected to expedite peak oil demand to 2028 and cut demand levels to 102 million bpd, according to Norwegian energy intelligence firm Rystad Energy....
View ArticleWell-Safe Solutions secures $33.6 million investment
Well abandonment services provider Well-Safe Solutions has secured a £26 million ($33.6 million) investment to fund the next phase of the company’s growth plan. Well-Safe said on Monday that the...
View ArticleHibiscus Petroleum completes infill drilling campaign off Malaysia
Malaysia’s Hibiscus Petroleum has completed the St Joseph minor sands infill and major sands redevelopment infill drilling campaign off Malaysia, adding 2,200 barrels per day of crude oil production....
View ArticlePremier Oil gets support from creditors for Chrysaor merger
UK oil and gas company Premier Oil has received support from creditors for the proposed merger with Chrysaor announced in October. Premier Oil on 6 October 2020 reached an agreement with Harbour’s UK...
View ArticleNoble rig scoops North Sea deal with IOG
Independent Oil and Gas (IOG) has awarded a rig contract for its Core Project Phase 1 located in the UK North Sea to a Noble Corporation-owned jack-up rig. IOG is the operator of the joint venture...
View ArticleClik here to view.
DOF Subsea lands 2-year extension deal for Skandi Africa
Norwegian offshore vessel owner DOF Subsea has secured a 2-year contract extension for the DP3 construction support vessel Skandi Africa. The Oslo-listed DOF said the new contract will commence in...
View ArticleOil & gas production in Gulf of Mexico coming back online after hurricane
Oil and gas operators in the U.S. Gulf of Mexico are returning to their offshore facilities following Hurricane Zeta, which at its highest point closed up to 85 per cent of oil and 58 per cent of gas...
View ArticleClik here to view.
Baker Hughes in energy transition push with 3C buy
Lorenzo Simonelli, chairman and CEO of Baker Hughes Oilfield services player Baker Hughes is acquiring a pioneering technology development company Compact Carbon Capture (3C). The agreement includes...
View ArticleNigerian operator produces first oil from shallow-water project
Nigerian operator First E&P has started oil production from a shallow-water project located offshore Nigeria through the Abigail-Joseph FPSO. The Yinson-owned Abigail-Joseph FPSO is a redeployment...
View ArticleClik here to view.
Santos inks new domestic gas deal
Australian LNG player Santos has signed a new deal for the supply of natural gas to the domestic market. Courtesy of Santos Santos signed the new gas sales deal with Western Australian energy...
View ArticlePacific Drilling to delist from NYSE following Chapter 11 filing
Trading of Pacific Drilling common shares on the New York Stock Exchange (NYSE) has been suspended and the drilling contractor is facing delisting following its Chapter 11 filing last week. Pacific...
View ArticleIOG still on schedule for Core Project first gas in 3Q 2021
UK-based Independent Oil and Gas (IOG) is still on target to achieve first gas from Phase 1 of its Core Project in the UK Southern North Sea (SNS) in the third quarter of 2021. IOG said on Wednesday...
View ArticleClik here to view.
Rystad: Biden win could benefit short-term oil demand, but Trump win could be...
Looking at different energy visions of the two U.S. presidential candidates, Rystad Energy believes that if Trump should win it may make oil prices great again while Biden effect is more mixed. The...
View ArticleSearcher in 2D and 3D seismic project off South Africa
Australia-based Searcher Seismic has announced a new multi-client 2D and 3D seismic rectification project offshore South Africa. The project is in collaboration with the Petroleum Agency of South...
View ArticleGazprom boasts ‘record-high’ gas inflow on Kara Sea shelf
Russian oil major Gazprom has reported ‘record high’ results following a test of the upper levels of an exploration well at the Leningradskoye field. The well in question was responsible for the...
View ArticleClik here to view.
Tamarind buys Galoc FPSO from Rubicon
Malaysian player Tamarind Resources has bought the FPSO Rubicon Intrepid, which is operating on the Tamarind-operated Galoc field located offshore Philippines, from Rubicon Offshore and leased it back...
View ArticleMaersk Drilling wins new job in Dutch North Sea but loses another one in UK
Maersk Drilling has secured a contract from Petrogas in the Dutch North Sea for the harsh environment jack-up rig Maersk Resilient, but it has also received a cancellation for a UK North Sea job....
View ArticleClik here to view.
Petronas commits to net-zero carbon emissions by 2050
Malaysian energy giant Petronas has set out a target to achieve net zero carbon emissions by 2020. Courtesy of Petronas Commenting on the target, Petronas president and CEO, Tengku Muhammad Taufik,...
View ArticleProsafe cuts losses despite lower revenues hit by Covid-19 and oil price crash
Offshore accommodation rig provider Prosafe has managed to reduce its quarterly loss despite lower revenues due to lower fleet utilisation and average day rates following the Covid-19 pandemic and oil...
View Article