Strike could shut down production on Equinor’s Johan Sverdrup
Norwegian oil major Equinor has warned that the Johan Sverdrup field in the North Sea would have to close production until further notice if the ongoing strike on the Norwegian Continental Shelf...
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Extinction Rebellion sets anti-oil banner on Scottish Parliament
Environmental activists from Extinction Rebellion organization have climbed the Scottish Parliament and dropped a banner reading ‘Choose Oil or Choose Life: Act Now’ over the entrance. Extinction...
View ArticleConocoPhillips picks up drilling permit for Norwegian Sea well
The Norwegian Petroleum Directorate (NPD) has granted ConocoPhillips a drilling permit for a wildcat well in the Norwegian Sea. The well, designated 6507/5-10 S, will be drilled from the Leiv...
View ArticleNeptune Energy increases stake in Dugong discovery
Oil and gas exploration firm Neptune Energy has signed an agreement with Concedo for the acquisition of a further five per cent interest in the Dugong license in the Norwegian sector of the North Sea....
View ArticleChevron overtakes ExxonMobil’s market value for first time
Chevron’s market value overtook ExxonMobil for the first time on Wednesday, 7 October, during the same week in which it closed a $4.1 billion all-stock deal for Noble Energy. According to a Reuters...
View ArticleEni secures carbon storage licence in UK
The UK Oil and Gas Authority (OGA) has awarded a carbon dioxide (CO2) appraisal and storage licence to Eni. The carbon storage licence will cover an area located within the Liverpool Bay area of the...
View ArticleTechnipFMC delivers major subsea tree contract in Brazil
UK-based major TechnipFMC has delivered the last of 127 trees for the largest subsea tree contract in the world for a pre-salt project in Brazil. TechnipFMC, as FMC Technologies, won this contract...
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Lukoil, KazMunayGas ink deal for Al-Farabi block in Kazakh Caspian Sea
Russian oil and gas company Lukoil and Kazakhstan’s state-owned company KazMunayGas (KMG) have signed an agreement for future obligations on the Al-Farabi Project in the Kazakh Sector of the Caspian...
View ArticleAirborne Oil & Gas becomes Strohm
Dutch-based thermoplastic composite pipe (TCP) manufacturer Airborne Oil & Gas has changed its name to Strohm. The launch of the new brand comes as the organisation confirms its commitment to the...
View ArticleNoble Corporation scores rig extension deal with ExxonMobil
Offshore drilling contractor Noble Corporation has been awarded a long-term extension for the ultra-deepwater drillship Noble Tom Madden from ExxonMobil. Noble said on Thursday that it has been...
View ArticleHavyard extends closure as 75 people test positive for COVID-19
A total of 75 people associated with Norway’s shipbuilder New Havyard Ship Technology AS, part of Havyard Group, have tested positive for the coronavirus, further extending the closure of the yard....
View ArticleOPEC: Oil demand to decline after plateauing in late 2030s
World oil demand will plateau in the late 2030s and by then begin to decline, the Organization of the Petroleum Exporting Countries (OPEC) said in its 2020 World Oil Outlook. OPEC said on Thursday...
View ArticleNorway’s striking labour union, oil firms to meet with mediator
Oil firms and labour officials in Norway will meet on Friday with a state-appointed mediator to try to end a strike threatening to cut output from the country by some 25 per cent. Six Norwegian...
View ArticleDesigning of carbon-neutral offshore oil and gas platforms underway
U.S. engineering firm McDermott has teamed up with electrical equipment giant Schneider Electric and io consulting, a Baker Hughes company, to design carbon-neutral facilities for the upstream oil and...
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Hurricane Delta closes 92 pct of Gulf of Mexico oil output – largest in 15 years
Over 90 per cent of current oil production in the Gulf of Mexico has been shut-in as a result of Hurricane Delta, the Bureau of Safety and Environmental Enforcement (BSEE) said. The BSEE said in its...
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Lukoil starts phase two of Vladimir Filanovsky development drilling
Russian independent oil company Lukoil has launched phase two of the development drilling campaign on the Vladimir Filanovsky offshore field in Astrakhan. Source: Lukoil Lukoil said on Friday that the...
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DeepOcean and Enpro deliver attic oil recovery project for Shell
Subsea contractor DeepOcean has completed the attic oil recovery project for Shell in the North Sea. According to DeepOcean, the recent campaign on Brent Bravo concrete structure wrapped up with no...
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Westwood names head of energy transition
Market research provider and consultancy Westwood Global Energy Group has filled a newly-created role of head of energy transition. David Linden; Source: Westwood Westwood said earlier this week that...
View ArticlePGNiG, Aker BP expand cooperation with gas purchase deal
PGNiG Supply & Trading (PST), the international trading arm of the Polish oil and gas company PGNiG, and Aker BP have signed a contract for the sales and purchase of natural gas produced on the...
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Weatherford in “industry’s first” with Gulf of Mexico casing sidetrack
U.S. oilfield services player Weatherford has achieved the industry’s first 12 ¼-inch casing sidetrack for an undisclosed operator. Lead mill attached to the bottomhole assembly; Source: Weatherford...
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