News

  • 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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  • US Crude to Help Set Global Oil Benchmark from 2022

    The North Sea oil price which serves as a benchmark for millions of barrels of physical crude transactions each day will from next year be set partly through buying and selling of US cargoes, triggering a rush for many parts of the market to be…

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  • Woodside makes 7-year LNG supply deal

    Woodside Energy Trading Singapore Pte Ltd has signed a sales and purchase agreement with German trader RWE Supply and Trading GmbH for the supply of 0.84 million tonnes/year of LNG over seven years beginning in 2025.   The LNG will come from Woodside’s global portfolio…

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  • CNOOC hits large oil and gas find in Bohai Bay

    CNOOC Limited has made a large  oil and gas discovery Bozhong 13-2 in Bohai Bay located offshore China.   The Bozhong 13-2 structure is located in the south-western Ring of Bozhong Sag in Bohai Bay with an average water depth of about 23.2 metres.  …

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