News

  • NZOG, Beach surrender deep-water permit off New Zealand

    NZOG and Beach Energy, joint venture owners of the New Zealand exploration permit which holds the Barque gas prospect, have applied to relinquish the deep-water block. New Zealand Oil & Gas (NZOG) and partner Beach Energy said on the 16th February that they applied to…

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  • BP and Chevron Invest in Geothermal Player

    Eavor Technologies, which describes itself as the leader in scalable geothermal technology, has completed a US$40 million funding round.   Investors in the round included BP Ventures, Chevron Technology Ventures, Temasek, BDC Capital, Eversource, and Vickers Venture Partners, Eavor highlighted, adding that the investments, and…

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  • Trio combines for full-service North Sea tiebacks

    Repsol Sinopec Resources UK, Petrofac, and TechnipFMC have formed an alliance to help maximise oil and gas recovery from UK offshore fields.   The partnership will offer owners of oil and gas discoveries near Repsol Sinopec’s North Sea infrastructure hubs an integrated, commercially flexible solution…

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  • Carnarvon Petroleum to redevelop Timor-Leste field

    Carnarvon Petroleum Ltd will drill Buffalo-10 in the second-half 2021, targeting the crest of the proven Buffalo oil field, offshore Timor-Leste in Bonaparte basin.   The well is in production sharing contract (PSC) TL-SO-T 19-14 and is the first step to redevelop the field. Once…

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  • India Deal-making Could Shake Up Asian LNG Markets

    Royal Dutch Shell, the world’s largest liquefied natural gas, said last month it had installed an LNG loading facility for trucks at its five million tonnes per annum (mtpa) LNG import terminal at Hazira, a major port on India’s east coast.   India’s oil minister,…

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  • Beach reveals size of Otway basin discovery off Australia

    Australian oil and gas company Beach Energy has announced reserves in the nearshore Enterprise gas field located in the Victorian Otway Basin offshore Australia.   Beach Energy said that the Enterprise-1 well discovery led to a 2P reserves booking for the field of 21 mmboe…

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  • Petronas begins Rotan field LNG production offshore Malaysia

    Malaysian-state Petronas has achieved first production at its second floating LNG (FLNG) plant, the 1.5-million tonne/year PFLNG Dua making on-spec LNG from Rotan gas field, 140 km off Kota Kinabalu, Sabah, Malaysia.   PFLNG Dua is expected to deliver its first commercial LNG cargo by…

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  • Shell, NAM contract Maersk rigs

    BG International, a subsidiary of Shell, has awarded the semi-submersible Maersk Discoverer a one-well contract offshore Trinidad and Tobago. The contract is expected to start in 3Q 2021, with an estimated duration of 154 days.   NAM (Nederlandse Aardolie Maatschappij) has awarded the jack-up Maersk…

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