Tuesday, December 11, 2018

Oil And Gas Fields News

Equinor, Faroe Petroleum in Asset Swap

Image: Faroe Petroleum

Britain's Faroe Petroleum has agreed to swap oil and gas fields with Norwegian state firm Equinor as it fights a hostile takeover from Norwegian oil and gas operator DNO.It appears…

Ineos to Buy ConocoPhillips North Sea Assets

North Sea. Image: ConocoPhillips

Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S.

​Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO

Rainer Seele  (Photo: OMV)

The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV said on Friday.The project partners will likely make a

Total Wins 40% Stake in Unconventional Gas Concession

Photo: Abu Dhabi National Oil Company

Abu Dhabi National Oil Company (Adnoc) has awarded a 40 per cent stake in the Ruwais Diyab gas concession to French energy major Total.Adnoc group, for which the award is an important…

OMV Forms JV with Sapura

(Photo: Sapura Energy)

Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its exploration assets in line with its strategy to expand in Southeast Asia.Sapura

Oil and Gas Demand to Peak in 2023 and 2034: DNV GL

Pic: DNV GL

The oil and gas demand will peak in 2023 and 2034, respectively, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050However…

Petrobras Forms JV with Murphy in Gulf of Mexico

Brazil's state-controlled oil company Petroleo Brasileiro SA is forming a joint venture with Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico, the Brazilian…

Pemex Announces 7 New Crude Finds

Mexican state oil firm Pemex said on Tuesday it has made seven new crude discoveries in the shallow waters of the Gulf of Mexico and said it could invest upward of $10 billion to develop six oil and gas fields.Pemex, whi

Hibiscus Petroleum to Double Production

Malaysian oil and gas exploration and production company Hibiscus Petroleum is aiming to double its oil output in the United Kingdom and Malaysia to 20,000 barrels per day (bpd) by 2021…

Reliance Shuts Field in Krishna-Godavari Basin

India's Reliance Industries Ltd has shut down an offshore oil and gas field on the eastern coast of India, the company said in a statement on Friday, after seeing a natural decline…

Aker Solutions Wins Services Contract in Brazil

Photo: Aker Solutions

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100…

Equinor to Boost Drilling to Extend Norwegian Shelf Life

Photo: Harald Pettersen / Equinor

Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3…

Seabed Geosolutions Wins GoM Extensions

Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom node (OBN) seismic monitoring surveys over multiple oil and gas fields in the U.S.

Union Rig Workers to Strike at Total's North Sea Fields

File Image (CREDIT: AdobeStock / © xmentoys)

Members of the Unite union who work at Total's North Sea offshore oil and gas fields voted in favour of strike action on Thursday, the union said in a statement. Unite said the…

Union Rig Workers Vote to Strike at Total's North Sea Oil Fields

Photo: Total

Members of the Unite union who work at Total's North Sea offshore oil and gas fields voted in favor of strike action on Thursday, the union said in a statement* Unite said the strike over pay and working hours would begi

Itochu Seeks North Sea Sale

(Photo: Dana Petroleum)

Japanese commodity trading house Itochu is seeking buyers for stakes in two North Sea oilfields, a pipeline and a terminal, a document seen by Reuters shows.The sale, run by Scotiabank…

Efficient Cable Installation Slashes Emissions at Johan Sverdrup

The cable-laying vessel NKT Victoria at the Johan Sverdrup converter station at Haugsneset near Kårstø.(Photo: Øyvind Gravås - Woldcam / Statoil)

The laying of the cable supplying Johan Sverdrup with power from shore started last week. This helps make the North Sea giant one of the oil and gas fields with the lowest CO2 emissions…

Norway Launches New Licensing Round in Mature Offshore Areas

© h368k742 / Adobe Stock

Norway will hold a new licensing round for its offshore oil and gas fields in already opened areas, further expanding the exploration acreage available to energy firms, the oil…

Aker Solutions Upgrades Aberdeen Site

Courtesy Aker Solutions

Aker Solutions today officially opens its upgraded Aberdeen services facility to help capture subsea sector growth in the UK and elsewhere. Demand is increasing globally for services at oil and gas fields offshore…

Maersk Establishes Decomissioning Company

(Photo courtesy Maersk Supply Service)

A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing…