KrisEnergy secures loan for project offshore Cambodia
Singapore’s independent oil and gas company KrisEnergy has entered into a credit facility agreement with Kepinvest Singapore to fund the near-term development project in Cambodia’s offshore Block A....
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Israeli player still up for Sea Lion farm-in
Rockhopper Exploration and Premier Oil, partners in the Sea Lion project located offshore the Falkland Islands, have agreed to extend the exclusivity period to Navitas Petroleum, further closing in on...
View ArticleFAR to sell Sangomar stake after failure to secure financing
Australia’s FAR Limited has said it is unlikely it will be able to finance its part of the Sangomar project development in Senegal. Therefore, FAR has started a process to sell all or part of its...
View ArticleImpairments take Transocean deeper into the red
Offshore drilling contractor Transocean recorded a wider loss in the first quarter of 2020 when compared to the same period last year due to asset impairments. Net loss attributable to controlling...
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UK approves IOG’s plan for North Sea development
The UK Oil & Gas Authority (OGA) has approved IOG’s field development plan for the Core Project Phase 1 located in the UK North Sea. Fabrication activities for the two Phase 1 Normally Unmanned...
View ArticleBorr Drilling sells two jack-up rigs
Offshore drilling contractor Borr Drilling has sold two jack-up rigs for total cash proceeds of $15.8 million. Borr said on Thursday it had sold two standard jack-up drilling rigs, the Dhabi II and...
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Shell sells U.S. shale gas assets
The Hague-based LNG giant Shell has reached an agreement with U.S. firm National Fuel Gas Company to sell its Appalachia shale gas position for $541 million. Shell will sell the assets via its unit...
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Repsol hits two oil discoveries offshore Mexico
Spanish oil and gas company Repsol has made two significant offshore oil discoveries in Mexico’s deepwater with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. Repsol said...
View ArticleTotal’s profit slips as oil prices tumble
French oil major Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period. Total expects lower output levels for the year and has further lowered its...
View ArticleOil and gas firms get two-year extension for exploration in Equatorial Guinea
After considering the consequences of the COVID-19 global pandemic on oil prices and African economies, the Ministry of Mines and Hydrocarbons (MMH) of Equatorial Guinea has signed a ministerial order...
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W-Industries secures Mozambique LNG gig
Houston-based W-Industries said it has won a contract for the Total-led $20 billion Mozambique liquefied natural gas export project. Image courtesy of Total The deal has been awarded by Total E&P...
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Woodside makes plans to abandon three Australian wells
Australia’s Woodside has submitted a decommissioning plan for subsea infrastructure no longer required for production activities from the Echo Yodel field offshore Australia and the plan is now being...
View ArticleEni fails to find hydrocarbons in Mexican well
Italian oil and gas company Eni has failed to find hydrocarbons in an exploration well located in the Sureste Basin, offshore Mexico. Eni gained approval from the Mexican authorities to drill the...
View ArticleAGS firms up North Sea contract with Equinor
Norwegian ocean bottom node seismic company Axxis Geo Solutions (AGS) has secured a contract with Equinor for OBN survey in the North Sea. The deal follows a letter of intent signed with an...
View ArticleSpirit Energy picks NHV for transfer services in East Irish Sea
Offshore helicopter operator NHV Group has won a new long-term contract with Spirit Energy to provide passenger transfer services in support of its East Irish Sea operations. NHV said on Tuesday that...
View ArticlePetrobras sets new oil export record despite low demand
Brazilian oil and gas giant Petrobras reached an oil export record during April, exporting 1 million barrels of oil per day, despite challenging circumstances including low oil prices and a sharp...
View ArticleRegulator’s inspections show Australian offshore facilities equipped to...
Following a set of inspections, Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has confirmed that operators of offshore facilities are equipped with...
View ArticleEquinor divests Lundin shares after boosting exposure in Johan Sverdrup
Norwegian oil and gas company Equinor has divested its minority shareholding in Swedish oil and gas company Lundin Energy. Equinor said on Wednesday it had divested its financial shareholding in...
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Equinor to close Hammerfest LNG plant for maintenance
Norwegian energy giant and LNG operator Equinor will be closing its Hammerfest liquefied natural gas export plant as part of planned maintenance in May. Hammerfest LNG (Image by Einar Aslaksen /...
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Window of suspension for PetroNor’s arbitration in Senegal
Oil and gas company PetroNor has reached a mutual agreement with the Government of Senegal to suspend the arbitration related to a dispute for two offshore blocks. Location of disputed blocks; Source:...
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