Lundin makes a deal to buy Barents Sea assets from Idemitsu
Swedish oil and gas company Lundin Energy has entered into an agreement with Idemitsu Petroleum to acquire its interests in a portfolio of licences in the Barents Sea offshore Norway. The agreement...
View ArticleChevron closes Noble Energy acquisition
Oil major Chevron has completed its previously announced acquisition of Noble Energy following approval by Noble Energy shareholders. Chevron and Noble Energy entered into a definitive merger...
View ArticleIOG gives up on Deltic Energy takeover plans
UK-based Independent Oil & Gas (IOG) has given up on its plan to acquire its compatriot oil and gas player Deltic Energy, formerly known as Cluff Natural Resources. IOG confirmed on Monday it does...
View ArticleOdfjell eyes major drilling & completion job with Equinor
Norway’s Equinor has awarded a letter of intent to Odfjell Drilling for the drilling and completion of the Breidablikk project in the North Sea with Deepsea Aberdeen rig. Equinor submitted the plan...
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EIA: U.S. hits new natural gas highs in 2019
The U.S. Energy Information Administration’s (EIA) Natural Gas Annual shows that the United States set new records in natural gas production, consumption, and gross exports in 2019. In 2019, dry...
View ArticleHess sells stake in Gulf of Mexico field to fund Guyana project
Oil and gas company Hess Corporation has entered into an agreement to sell its 28 per cent working interest in the Shenzi field in the deepwater Gulf of Mexico to BHP to fund a project in Guyana. Hess...
View ArticlePremier Oil and Chrysaor to merge in largest independent oil & gas player on LSE
UK oil and gas company Premier Oil has reached an agreement with Harbour’s UK operating company Chrysaor regarding a proposed all-share merger between Premier and Chrysaor and the reorganisation of...
View ArticleEquinor to cut exploration staff by 30 per cent
Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand. In a statement sent to Offshore Energy, a spokesperson for...
View ArticleSubsea survey specialist sets up Aberdeen hub
An up-and-coming name in the subsea survey sector has announced the opening of a new hub in Aberdeen. Established in March 2019, Sulmara Subsea, provides specialised survey support services, as well...
View ArticleTechnipFMC wraps up Seagull pipelay ops
Exploration and production firm Neptune Energy has announced the completion of the Seagull project pipelay operations. The project saw the installation of 4.7 kilometres of production pipeline with...
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W&T Offshore output suffers amid ‘the most active storm season in 10 years’
Production by W&T Offshore, a U.S.-based oil and gas company, has suffered an adverse impact due to an extremely active tropical storm season in the Gulf of Mexico. Magnolia platform; Source:...
View ArticleKaroon to complete Brazilian oilfield takeover in October
Australian player Karoon Gas is expecting to close its acquisition of the Baúna field, located offshore Brazil, during October 2020. Karoon presented the high bid in the process to acquire Petrobras’...
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Offshore workers scatter as Hurricane Delta approaches
Oil and gas companies with assets across the Gulf of Mexico have begun to evacuate workers from offshore platforms and rigs in preparation for the arrival of Hurricane Delta – the sixth hurricane this...
View ArticleLloyd’s Register Group sells its energy business
Lloyd’s Register Group (LR) has entered into a deal to sell its energy business unit to Inspirit Capital, a London-based investment firm. LR said the agreement follows a comprehensive review of LR’s...
View ArticleTotal adds another floating wind project to its portfolio
Total has bought a 20 per cent stake in the EolMed floating wind pilot project in France, located in the Mediterranean Sea, off the coast of Gruissan and near Port-La-Nouvelle. The 30 MW EolMed will...
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Equinor projects see delays, increased costs due to COVID, weak NOK
Norwegian energy major Equinor has seen its costs for projects under development rise due to the Covid-19 pandemic and weakened Norwegian krone, even postponing the start-up of some projects. Equinor...
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ROVOP rolls out video link option for offshore inspection
UK-based ROVOP has delivered its first remote platform-based live video streaming option for offshore inspection and repair, reducing the number of people required on-board amidst Covid restrictions....
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Energean Power FPSO gets living quarters and pipe rack
Oil and gas company Energean has completed the lift of the living quarter module and pipe rack modules onto the Energean Power FPSO set for the Karish field off Israel. Energean said on Wednesday that...
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Fraser Well Management takes over operation of suspended offshore well
Independent oil and gas development and production firm Bridge Petroleum has appointed well engineering and project management specialist Fraser Well Management (FWM) to operate the suspended...
View ArticleMcDermott ships first topside modules for MODEC FPSO
U.S. offshore engineering and services provider McDermott has made the first shipment of topside modules for a floating production storage and offloading (FPSO) unit for Japan’s MODEC. MODEC received...
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