News

  • Hague and London Oil announces operational update

    Hague and London Oil, the oil and gas company with a diverse portfolio of production, development, appraisal, exploration and infrastructure assets primarily focused on the Southern North Sea, has announced an operational update regarding the Andromeda North well as well as an update regarding the…

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  • Babcock Gets North Sea Aviation Support Contract

    Babcock has secured a new three-year contract to provide Serica Energy with offshore helicopter crew transport services.   The contract will see Babcock transport Serica Energy passengers to and from the company’s Bruce complex in the North Sea, Babcock said. The contract was awarded after…

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  • Borr Drilling: Demand for jack-up rigs growing

    The market for modern jack-up rigs has reached 90 percent utilisation – for the first time in the cycle – and the demand for jack-up rigs is growing, offshore drilling company Borr Drilling has said.   Borr said there is visible demand for more than…

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  • Yamal LNG ships first LNG cargo to Bangladesh

    Pao Novatek has announced that Yamal LNG has shipped its first cargo of LNG to Bangladesh, in accordance with its long-term offtake agreement with Total.   The consignment was delivered along the westbound route, via the Suez Canal, with trans-shipment from the ice class Arc7…

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  • Longboat Energy admitted to trading on AIM

    Longboat Energy, a company established by the successful former management team of Faroe Petroleum to fast track the creation of a new full-cycle North Sea oil and gas company, has announced the admission of its entire issued ordinary share capital to trading on the AIM…

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  • Key Libya Oil Field Resumes Output

    Libya restarted production at a key oil field after clashes between rival fighters forced a temporary halt which threatened to jeopardise the reliable flow of crude from the OPEC country.   Output at the El-Feel, or Elephant, field has returned to normal and is currently…

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  • PetroRio buys remaining stake in Frade field for US$100 million

    Brazil’s state-owned Petrobras has signed a contract with PetroRio for the sale of 30% stake in the Frade concession, located in the Campos Basin, north coast of the state of Rio de Janeiro for US$100 million.   Currently, PetroRio holds 70% interest of Frade’s concession….

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