Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, has announced that as a result of the ramp up of production from its debottlenecking project in the Kurdistan region of Iraq, its group production reached 70,000 barrels of oil per day…
Privately held Western Gas Corporation Pty Ltd, Perth, has signed a memorandum of understanding with international service companies McDermott and Baker Hughes to be exclusive development partners for the Equus gas project offshore north-west Western Australia. As part of the agreement, the two service…
Premier Oil Plc is considering a bid for a package of North Sea oil and gas assets put on the block by Chevron Corporation which is worth about US$2 billion, according to people familiar with the matter. The first round bids are due before…
Russia looks set to deliver 200 bcm of gas this year through pipelines to Europe, satisfying close to 40% of the region’s gas demand, according to Wood Mackenzie. But Europe’s import requirements continue to grow – the analyst estimates a further 77 bcm/yr will…
Chinese offshore drilling company COSL has reportedly bought the 1976-built offshore drilling rig Stena Clyde for US$11 million. The information has been sourced from Bassoe Offshore’s analytics tool, which shows the deal was signed earlier this month, and it also shows that the rig…
Vestas has signed an engineering, procurement and construction (EPC) contract for the 52 MW Abour wind park in Tafileh, Jordan. The order is placed by Abour Energy Company PSC, the Jordanian SPV owned by Saudi Arabia’s Xenel Industries and Dubai based Amea Power Limited,…
Thailand’s PTT Exploration and Production (PTTEP) has won bids for the Bongkot and Erawan petroleum concessions in the Gulf of Thailand, Energy Minister Siri Jirapongphan said on the 13th December. In the Erawan (G1/61) concession, a joint bid from PTTEP and its partner, the…
ExxonMobil plans to produce natural gas for the Australian market by 2021 following a final investment decision to develop West Barracouta gas field in Bass Strait. The project, on the VIC/L1 Block offshore Victoria, is part of the Esso-BHP Gippsland basin joint venture. …
UK-based Ophir Energy has increased and extended its existing Reserve Based Lending Facility (RBL) by US$100 million to US$350 million. Ophir will now be able repay a facility used to fund the acquisition of a package of assets from Australia’s Santos. The maturity…
Norway’s oilfield contractors Kvaerner and Aker Solutions have cut the first steel plate for phase 2 of the Equinor-operated Johan Sverdrup field development offshore Norway. After the start of oil production, this installation will become one of Norway’s most important income sources for the coming…
