News

  • Qatar Petroleum takes operatorship of two offshore oil fields

    State-owned Qatar Petroleum has assumed the management and operatorship of the Idd El-Shargi North Dome (ISND) and Idd El-Shargi South Dome (ISSD) offshore oil fields.   QP announced the takeover on the 7th October and said it followed the expiry of the development and production…

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  • BP Awards Three Caspian Contracts

    BP has awarded three new contracts for the development of the Azeri-Chirag-Gunashli (ACG) oil and gas field offshore Azerbaijan, Saipem has reported.   Saipem, which won the engineering and construction contracts in a consortium with Boshelf LLC and START GULF FZCO, noted that two contracts…

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  • Equinor announces first oil from the Johan Sverdrup field

    On the 5th October Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below the original estimates in the…

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  • Transocean says semi-submersible features hybrid storage

    Transocean Ltd has deployed what it calls the first hybrid energy storage system aboard a floating drilling unit.   The system is on the Transocean Spitsbergen harsh-environment, ultra-deep-water, semi-submersible drilling rig, which is working currently in Equinor-operated Snorre field offshore Norway.   Transocean said its…

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  • Shell asks US Congress not to impose sanctions on Nord Stream 2

    Royal Dutch Shell has asked the US Congress not to impose sanctions against the Nord Stream 2 gas pipeline project.   Earlier this year, a US Senate committee passed a bill recommending sanctions on companies and individuals involved in building the pipeline project running between…

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  • US Crude Production Returns To Record Levels

    The recent attacks on Saudi’s oil infrastructure would have undoubtedly had a much larger impact on the world’s oil markets. Now, less than a month later, the prices of West Texas Intermediate and Brent crude are actually below the prices prior to the attacks.  …

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  • People in the News

    AIG looks to Chubb for energy head James Langdon will become UK head of energy & construction for general insurance.   Markel builds new claims leadership team for wholesale and national markets business Specialist insurer Markel International has formed a new leadership team for claims…

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  • ODE takes installation operator role at Premier’s Tolmount

    ODE Asset Management (ODE AM), a subsidiary of engineering and operations support services contractor ODE Group, has been appointed as an installation operator of the Tolmount Platform in the Southern North Sea.   The Tolmount platform and associated gas export pipeline comprise the Humber Gathering…

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  • Shell sanctions North Sea gas project

    Shell and its partner Ithaca Energy (UK) Limited have taken a final investment decision on the Pierce Depressurisation Project in the UK Central North Sea.   The move will enable Shell to start exporting gas from the Pierce field, Shell said on the 3rd October….

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  • Adnoc to Launch US$5 billion Gas Pipeline Lease Deal

    Abu Dhabi’s government-owned energy giant has kicked off the potential sale of a stake in its natural gas pipelines, in a deal which could fetch about US$5 billion, people with knowledge of the matter said.   Abu Dhabi National Oil Company, producer of about a…

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