Norway’s Aker Solutions has secured a contract valued at over NOK 1 billion (over US$123 million) from Equinor (formerly Statoil) to deliver a module for the Troll A platform which will help increase output at one of Norway’s largest natural gas fields. The engineering,…
Bangladesh has terminated talks with Swiss-based commodity trader Trafigura to install a small floating liquefied natural gas import terminal due to delays in agreeing terms, while rival trader Gunvor advances with a separate project. Once considered an energy backwater, Bangladesh’s LNG demand is set…
A unit of Russian state oil firm Rosneft, Rosneft Vietnam BV, has started drilling at a new production well in waters off the southern coast of Vietnam, the company said. The drilling is significant for Vietnam, which has been struggling to maintain its crude…
Production from the Wassana oil field in the G10/48 concession in the Gulf of Thailand averaged 4,491 boe/d during the first quarter, according to operator KrisEnergy. Output was constrained because of damage to a section of a 6-inch subsea flowline, which had to be…
At BP’s massive Thunder Horse oil platform in the US Gulf of Mexico, a dog-sized robot called Maggie uses magnetic tracks to creep along pipes connecting the giant oil facility to the sea floor. Before MaggHD, dubbed “Maggie” by BP, the dangerous inspection job was…
Ophir Energy plc announced on the 14th May that it has entered into a farm-out agreement with Kosmos Energy for the EG-24 exploration license in Equatorial Guinea. Under the terms of the agreement, Kosmos will acquire a 40 percent non-operated interest in Block EG-24. In consideration Kosmos…
Total and Shell revealed on the 13th May that they have both signed energy development agreements with the government of Oman. As part of the deals, the companies will develop several natural gas discoveries in the Greater Barik area onshore Block 6, with the…
On the 14th May the Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took…
A court on the Dutch island of Curaçao has authorised the local subsidiary of US oil giant ConocoPhillips to seize US$636 million worth of assets held on the island by Venezuela’s state oil company, PDVSA. The move comes as Houston-based Conoco seeks to recover…
Aker BP has approval from the Norwegian Petroleum Safety Authority (PSA) to drill the Gekko prospect in the North Sea. The semi-submersible Deepsea Stavanger will soon spud well 25/4-12 S and A in block 25/4 close to the Alvheim field. Water depth at the…
