Shell Canada Energy has taken a final investment decision on its 14-million tonne/year liquefaction joint venture, LNG Canada, in Kitimat, BC, allowing work to begin immediately. TransCanada Corporation will build, own, and operate the 2.1-bcfd Coastal GasLink pipeline which will deliver gas to the…
Lundin Petroleum has announced that its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359, containing the Luno II oil discovery. The acquisition…
Heerema Marine Contractors and AF Offshore Decom, together known as the HAF consortium, have been awarded a contract from Marathon Oil for the Brae Bravo platform decommissioning. The consortium will carry out engineering, preparation, removal, and disposal (EPRD) services of the Brae Bravo Platform…
Senegal’s deep-water SNE field is on track for first oil in 2022, Fitch Solutions Macro Research has stated in a new report. “Key 2018 milestones include the submittal of the environmental and social impact assessment and the evaluation report outlining commerciality,” Fitch Solutions Macro…
The American Petroleum Institute and other leading US business organisations initially welcomed the US-Mexico-Canada Agreement, which the Trump administration said would improve terms for them under the 1994 North American Free Trade Agreement it apparently would replace. Business groups also have begun to analyse…
ConocoPhillips has entered an agreement to sell its 30% stake in the Greater Sunrise fields in the Timor Sea to the government of Timor-Leste for US$350 million. Matt Fox, the company’s executive vice president Strategy, Exploration and Technology, said the deal was mutually beneficial….
Chevron has agreed to sell its 40% operated interest in the deep-water Rosebank project west of Shetland to Equinor, for an undisclosed price. Rosebank, discovered in 2004 around 130 kilometres (80.1 miles) north-west of Shetland in water depths of around 1,110 metres (3,609 feet), is…
Neptune Energy has closed the purchase of VNG’s Norwegian subsidiary VNG Norge for an undisclosed price. The deal was announced on the 28th June, and completed on Friday, the 28th September. With the acquisition, Neptune will get hold of three producing fields, two development…
Oil Minister Jabar Ali al-Luaibi has announced the resumption of production at Qayara oil field in Nineveh province. The field has been rehabilitated following its destruction by the Islamic State group (IS, ISIS, ISIL, Daesh). It is currently producing 30,000 barrels of oil…
The US has issued an interim licence to nullify restrictions on production from a UK North Sea field. The licence from the US Office of Foreign Assets Control (Ofac) relates to the Rhum field, which is being sold to Serica Energy by BP. Rhum…
