News

  • Enbridge to Buy Moda for US$3 billion

    Enbridge Inc, the Canadian pipeline giant, agreed to acquire Moda Midstream Operating LLC for US$3 billion to add US Gulf Coast oil export capacity.   Enbridge is buying Moda for cash from EnCap Flatrock Midstream, it said on the 7th September in a statement.  …

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  • Shell and Kongsberg in pact for digital transformation of wells

    Oil major Shell and Kongsberg Digital have entered into a strategic partnership agreement to collaborate and accelerate digital solutions and transformation for well delivery and performance.   During the previous few years, Kongsberg Digital has been supporting digitalisation within the oil and gas industry. This…

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  • API launches new edition of cybersecurity standard for pipelines

    The American Petroleum Institute (API) has published its Third Edition of Standard (Std) 1164, ‘Pipeline Control Systems Cybersecurity’, underscoring the natural gas and oil industry’s ongoing commitment to protecting the US’ critical infrastructure from malicious and potentially disruptive cyber-attacks.   In development since 2017, the…

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  • Sembcorp boosts workforce for Karish FPSO

    Energean expects its Karish field development to deliver first gas in mid-2022, the company confirmed in its latest results statement.   The FPSO Energean Power should depart for Israel in 1Q 2022, a 35-day voyage, with subsequent hook-up and pre-first gas commissioning expected to take…

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  • Neptune gets nod to drill North Sea prospect

    Oil and gas company Neptune Energy has received consent from Norwegian authorities for exploration drilling in the North Sea, using an Odfjell Drilling-owned rig.   The Petroleum Safety Authority (PSA) said on the 6th September that it has given Neptune Energy consent for exploration drilling…

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  • TotalEnergies and Iraq Agree US$27 billion Deals

    Iraq’s government and TotalEnergies SE have agreed on a US$27 billion package of investment deals aimed at boosting oil and gas output and reducing power outages in OPEC’s second-biggest producer.   The French energy company will invest US$10 billion in the projects over seven years,…

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  • Papua New Guinea Hands Pandora Gas Field to State-Owned Kumul

    The Papua New Guinea government has awarded state-owned Kumul Petroleum rights to develop the Pandora gas field, estimated to hold one trillion cubic feet of gas, rejecting other bids in order to keep control of PNG’s resources within the country.   Petroleum Minister Kerenga Kua said the grant…

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  • Aker BP set to downgrade North Sea Liatårnet resource

    Aker BP expects to lower oil estimates for its Miocene Liatårnet discovery in the Norwegian North Sea, following appraisal drilling.   Liatårnet, proven in 2019, was considered as a potential resource for the multi-field North of Alvheim Krafla Area (NOAKA) development, although not included in…

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