Fugro, the Dutch provider of offshore and onshore geotechnical and survey services, has started integrated survey work offshore India for the country’s multinational oil and gas company ONGC. The work is being done under a three-year contract valued at approximately US$7.7 million. The contract,…
Oil major Shell has completed the sale of a package of UK North Sea assets to the UK-based independent oil and gas company, Chrysaor. The assets were sold for a fee of up to US$3.8 billion, including an initial consideration of US$3 billion and a…
Bureau Veritas, the global testing, inspection and certification (TIC) services provider, is looking ahead to positive start to 2018, securing contracts worth more than £7.5 million over the past two months for its North Sea Offshore Operations business. Bureau Veritas has won new contracts…
The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) has awarded six offshore blocks to oil majors including Shell, Petrobras, and Statoil, generating R$6.15 billion (US$1.9 billion) in signature bonus and R$760 million (US$234.8 million) in investments. The second and third production sharing…
Slovakia and Hungary signed a memorandum of understanding on the 30th October to support the planned Eastring gas pipeline aimed at loosening Russia’s supply hold on south-eastern Europe, the ministry said. The project will ensure countries such as Bulgaria and Serbia, almost exclusively dependent…
World gas demand rose by two percent in 2016, according to Eni SpA’s latest World Oil and Gas Review. The increase was due to a strong demand recovery in Europe (+5.4 percent) and in the Asia-Pacific region (+5.1 percent), Eni revealed. The UK, Germany,…
Lukoil has pushed oil production at Vladimir Filanovsky field in the Caspian Sea to 16,500 tonnes/day with the completion of the field’s eighth well. The well, with a 1,560-metre horizontal section, flowed 2,800 tonnes/day. Two of the wells in the field are water injectors…
Russian oil company Rosneft has reportedly suspended its licence for oil and gas exploration in the Yuzhno-Chernomorsky block in the eastern part of the Black Sea due to US sanctions imposed on the Russian oil and gas industry in 2014. According to report by the Russian…
Eni expects to complete the divestment by year-end of a 25% stake in Area 4 offshore Mozambique to ExxonMobil. The company is developing the Coral field in the concession via a floating LNG vessel. In 2018, Eni expects to produce first gas…
Chrysaor has contracted Stork to deliver asset integrity support services to the Armada, Everest, and Lomond production platforms in the UK central North Sea. Under this contract, Stork will deliver an inclusive range of services and capabilities to extend the assets’ life cycle. It…
