Iraq and BP have signed a Memorandum of Understanding to develop lucrative oil fields in the country’s north. The Oil Ministry’s statement quotes BP’s president for the Middle East region, Michael Townshend, as saying that his company will conduct surveys and studies to increase…
Noble Corporation has issued an update on its offshore drilling rig fleet. Spirit Energy has contracted the jack-up Noble Hans Deul to drill in the UK North Sea. Drilling is expected to start in early April and end in late October. Offshore…
Po Valley Energy Ltd, Perth, has made what it is calling a “significant” natural gas discovery in its 63%-owned Selva field in the Podere Gallina permit area of northern Italy. It is the company’s sixth success in identifying new gas in Italy’s existing gas…
India’s government will accept bids through the 3rd April on 55 blocks covering 59,282 square kilometres nominated by oil and gas operators. The bid round, which opened the 18th January, is India’s first under open-acreage licensing. The Directorate General of Hydrocarbons will base…
Shell has contracted Fluor to perform engineering, procurement, and fabrication of the Sevan-designed FPSO for the Penguins field redevelopment in the UK northern North Sea. Jim Brittain, president of Fluor’s Energy & Chemicals business, said: “We leveraged Fluor’s full range of integrated solutions to…
Tulip Oil Netherlands Offshore BV has made the Final Investment Decision (FID) for the development of the Q10 gas field located in the North Sea. Tulip Oil Netherlands Offshore BV (Tulip Oil) is a subsidiary of Tulip Oil Holding BV, a privately-held exploration and production…
Dutch company Fugro has started a programme of geophysical and geotechnical surveys for Artelia, Abu Dhabi as part of the Hail and Ghasha development, a landmark project by the Abu Dhabi National Oil Company (ADNOC). Located offshore in the Arabian Gulf, the Hail and Ghasha…
German-based utility VNG AG is exploring strategic options including “a strategic partner” for its oil and gas exploration and production business in Norway and Denmark, VNG Norge AS. The company on the 18th January said it engaged Citigroup to assist VNG AG in the evaluation…
Norway’s Energy and Petroleum Ministry has offered 75 new offshore production licences, a record for the country’s annual Awards in Pre-defined Areas (APA) process. The number of applications submitted for APA 2017 also constituted a new high. Forty-five of the licences are in…
Seeking to further simplify its business, Rolls-Royce will be conducting a review of its commercial marine unit, which might include its sale. Rolls-Royce said on the 17th January that it is evaluating strategic options for its commercial marine operation and a reduction from five…
