BP Boosts Saudi, U.S. Oil Reserves Estimates
BP raised its estimates of Saudi and U.S.
Exmar Commissions Tango FLNG
Belgian owner and operator of gas carriers Exmar has completed the commissioning of the 16,100 cbm Tango floating liquefaction unit (FLNG).The performance acceptance tests has been successful, the first cargo…
BP Sells Egypt Assets to Dragon Oil
BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over…
Sabah-Sarawak Gas Pipeline Shit for Maintenance
Malaysia's state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the state of Sarawak as part of maintenance work.Operations will
Rovuma LNG Gets Government Green Light
The government of Mozambique has approved development plans for the ExxonMobil-led Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique…
New Sonatrach CEO: Foreign Partnerships Essential
Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.Algeria…
Chrysaor to Buy ConocoPhillips’ UK Assets
Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end…
1000 Km of the Nord Stream 2 Pipeline Laid
1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the…
$13 Bln Papua LNG Project Pushes Ahead
France's Total and its partners signed a long-awaited deal with Papua New Guinea on Tuesday that will allow initial work to start on a $13 billion plan to double the country's liquefied natural gas exports.Developing…
Ecopetrol, Repsol Sign Joint Deal for Offshore Oil Block
Colombia's state-run oil company Ecopetrol has signed a joint contract with Spain's Repsol to operate an offshore block in the Caribbean, Ecopetrol said on Wednesday.The contract for the GUA-OFF-1 block is…
Norway Fund to Sell E&P Firms
Norway's trillion-dollar sovereign wealth fund, the world's biggest, will sell its stakes in oil and gas explorers and producers but still invest in energy firms that have refineries and other downstream activities…
Petronas Q4 Profit Skids 21%
Malaysian state oil firm Petronas said on Friday its fourth-quarter profit slid 21 percent as costs piled up, and warned it will have to chart a way through a volatile, challenging 2019 citing market uncertainties and geopolitical risks.Petronas…
Plexus Bags Gazprom Contract Via Gusar
Aberdeen-based oil well technology firm Plexus Holdings said its Russian licensee Gusar had clinched its first major contract to supply gas exploration equipment to Gazprom.The contract covered the first year…
Global FPSO Market to Hit USD30Bln by 2025.
The floating storage and offloading (FSO) vessel market is anticipated to surpass USD 30 billion by 2025, said a study.The FPSO market is set to witness vigorous growth on account of shifting trends toward…
Keppel, Golar to Build FLNG Facility
Keppel Corporation will partner liquefied natural gas (LNG) shipping company Golar LNG to develop a floating LNG facility (FLNG) facility to be located on the Mauritania and Senegal maritime border.Keppel…
Exxon adds 4.5 billion bbls to 2018 Reserves
Exxon Mobil Corp said on Tuesday it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, driven mainly by increases in its holdings in the U.S. Permian Basin, Guyana and Brazil.The…
Repsol Makes Huge Find in Indonesia
A consortium led by Repsol has found new gas resources in Indonesia estimated at at least 2 trillion cubic feet, the Spanish oil and gas firm said on Tuesday, equivalent to around two years' worth of Spanish…
Repsol's Biggest Gas Discovery in Indonesia in 18 years
A consortium led by Repsol has found new gas resources in Indonesia estimated at at least 2 trillion cubic feet, the Spanish oil and gas firm said on Tuesday, equivalent to around two years' worth of Spanish…
Exmar's Tango FLNG Arrives in Argentina
Belgian shipowner Exmar said its first floating LNG (FLNG) production unit Tango FLNG, to be renamed Tango FLNG, has berthed in Bahia Blanca, Argentina.The Nicolas Saverys-led shipowner said in a press release…
McDermott Winds FEED for Scarborough FPU
McDermott International, Inc. on Tuesday announced it has signed a contract with Woodside Energy Ltd. to undertake a front-end engineering and design (FEED) activities for a floating production unit (FPU)…
