News

  • Occidental: Low-carbon business earnings could match oil

    The chief executive of US oil company Occidental Petroleum has stated that the company’s low-carbon business would generate earnings equal to its oil and gas production business in the coming decades.   Occidental has been an early mover among US oil producers in setting ambitious…

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  • TechnipFMC to deliver Limbayong subsea spread

    Petronas Carigali has awarded TechnipFMC subsidiary FMC Wellhead Equipment Sdn. Bhd an iEPCI contract for the Limbayong deep-water development project off Malaysia.   The company will provide front-end engineering design, and integrated engineering, procurement, construction, installation and commissioning of subsea production system, umbilicals, risers and…

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  • Premier-Chrysaor merger clears regulatory hurdles

    All of the regulatory conditions relating to Premier Oil’s merger with Chrysaor have now been satisfied and all of the requisite antitrust approvals have been received and completion is expected by the end of March 2021.   Following the receipt of notice from the Oil…

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  • Neptune Starts Gjoa P1 Production

    Neptune Energy announced the 23rd February that production has started from the Gjoa P1 development in the Norwegian sector of the North Sea.   Gjoa P1, which has been developed via a new subsea template tied back to existing infrastructure on the Gjoa field, is…

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  • Qatargas awards Saipem North Field EPCI contract

    Qatargas has awarded Saipem SPA an engineering, procurement, construction, and installation (EPCI) contract for development of the North Field production sustainability offshore project, north-east of Qatar, increasing LNG production capacity from 77 million tpy to 110 million tonnes/year (tpy).   Work includes platforms, supporting and…

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  • North Sea Veslefrikk field to cease operations

    Equinor and its partners will end production from the Veslefrikk field in the Norwegian Sea in spring 2022.   Operations started in 1989 through Norway’s first floating production platform, and the facilities have since produced over 400 MMboe.   Investments to date total around NOK20…

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