Thursday, October 18, 2018

Oil And Gas Fields News

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…

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…

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…

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

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…

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

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.

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…

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…

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…

BP Plans No Azeri Platform Shutdowns in 2018

Photo: BP

British oil major BP, which operates a number of oil and gas fields in Azerbaijan, plans no maintenance shutdowns of platforms there this year and intends to advance with new projects…

Philippines, China Mull South China Sea Energy Cooperation

The Philippines on Friday identified two areas in South China Sea where joint exploration for oil and gas may be undertaken with China, including one in territory that both sides have argued over for years.

China Says to Have "Prudent" Oil Exploration with Philippines

© Anton Balazh / Adobe Stock

China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China's top diplomat State Councillor Wang Yi said on Wednesday…

Asian Oil, Gas Producers Stepping up Activity after Long Lull

© nattapon7 / Adobe Stock

Asia's oil and gas producers are starting to revive projects aimed at deflating years of ballooning energy imports after new investment dried up following the 2014 industry crisis.

BP's Dudley Sees Pay Rebound

File Image: BP CEO Bob Dudley (CREDIT: BP PLC)

BP Chief Executive Bob Dudley's remuneration rose to $13.4 million in 2017, when the oil and gas giant's profits more than doubled and production soared. Dudley's salary was up 13 percent from 2016…

Genoil to Develop Russia's Velikoye Oil Field

Genoil has signed an agreement to attract finances and evaluate technologies to develop oil and gas fields in the Astrakhan Region of Russia. This agreement is with the license holder of this property…

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…

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…

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…