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Empyrean confident in ‘world-class carbonate reservoir’ in block off China
Block 29/11, Pearl River Basin, Offshore China; Source: Empyrean Results from a seismic inversion analysis for Empyrean’s Jade and Topaz prospects, located in Block 29/11 in the Pearl River Mouth...
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Report: Total secures $14.4 billion Mozambique LNG financing
French energy company and LNG player Total has reportedly secured $14.4 billion funding for its liquefied natural gas export project in Mozambique. Image courtesy of Total The financing deal includes...
View ArticleBorr Drilling working to secure liquidity runway until 2022
Borr Drilling, an offshore drilling contractor, is working to secure a liquidity runway until 2022 even in an unlikely low scenario without any further contracts. In an update on Wednesday, Borr...
View ArticlePolarcus wraps up Petrel seismic survey for Neptune Energy
Polarcus has completed acquisition of the 3D broadband seismic survey for Neptune Energy on the Petrel field, located in the Bonaparte basin of Australia. The 2,900 km2 survey expanded the area of...
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Hyundai Heavy secures deal to build two scrubber-fitted VLCCs
South Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs). Image Courtesy: Hyundai Heavy...
View ArticleHalliburton cuts dividend due to market conditions
Oilfield services provider Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn. Halliburton said on Wednesday that its board of directors had...
View ArticleEnergean set to lay Karish offshore pipeline
Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation. Energean said in a social media update on Thursday that the near-shore operations...
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Royalty exemptions could save the day for U.S. oil and gas operators, Rystad...
The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard, energy intelligence firm Rystad...
View ArticleFirst steel cut for ARO Drilling’s new jack-up rig
International Maritime Industries (IMI) has cut the first steel on the first of two newbuild rig orders from ARO Drilling. IMI announced earlier this week that the first piece of steel had been cut on...
View ArticleNoble Corp. CEO transitions to executive chairman role
CEO of Noble Corporation has transitioned to the role of executive chairman of the board while a new CEO has been named. Noble Corporation said on Thursday that it had executed the leadership...
View ArticleCNOOC brings online new project offshore China
CNOOC Limited has started production from the Penglai 19-3 oilfield area 4 adjustment/Penglai 19-9 oilfield phase II project located offshore China. The Penglai 19-3/19-9 oilfields are located in...
View ArticleMalaysian operator taps Tendeka to help boost output
Completions services company Tendeka will provide its inflow control technology to help increase production from Malaysian assets of an independent operator. The three-year contract will see Tendeka...
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India’s ONGC signs renewable energy pact with NTPC
India’s Oil and Natural Gas Corporation Limited (ONGC) and NTPC Ltd. have signed a Memorandum of Understanding (MoU) to set up a joint venture company for the renewable energy business. Source:...
View ArticleCoro Energy gets approval for Indonesian block entry
Coro Energy has received all necessary regulatory approvals for the transfer of a 15 per cent interest in the Duyung PSC, located offshore Indonesia, and has completed the acquisition of the interest....
View ArticleArcher firms up North Sea job with TAQA
Oil services provider Archer has secured a formal contract award for the provision of a modular drilling unit and associated services from TAQA. Last December Archer signed a letter of intent with an...
View ArticlePGS releases Côte d’Ivoire GeoStreamer data
Marine geophysical firm PGS has released new multi-azimuth GeoStreamer 3D for Côte d’Ivoire. This 900-square-kilometre survey should provide increased resolution and sharper imaging of Upper...
View ArticleHurricane suspends output guidance after Lancaster well shut-in
Hurricane Energy has shut-in one of two wells at the Lancaster Early Production System (EPS), located in the West of Shetland area, due to interference between two producing wells. As a result,...
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Petronas books smaller profit after being hit by lower prices
Malaysian oil and gas giant Petronas saw its profit and revenues drop in the first quarter of 2020 after being hit by lower average realised prices for LNG, petroleum products, and crude oil &...
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Qatar may boost LNG production beyond 126 mtpa
Qatar’s plans to raise liquefied natural gas capacity to 126 million tonnes per year could even see an additional boost, according to Qatar Petroleum’s chief executive Saad al-Kaabi. Image courtesy of...
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U.S. weekly offshore rig count stuck at 12
Illustration; Author: SP Mac – shared with permission from the photographer After three weeks of decline, the number of offshore rigs in the U.S. remained unchanged over the last week, according to...
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