Basra Oil Company (BOC) has signed contracts with the Chinese company Anton Oilfield Services Group (Antonoil) and the US company KBR to operate and maintain the Majnoon oil field. A statement from the Ministry of Oil put the value of the contracts at US$118…
Royal Dutch Shell said on the 26th April that it would write down its reserves in the Groningen gas field, one of Europe’s largest, following the Dutch government’s decision to phase out production by 2030. The Anglo-Dutch company holds a 50 percent stake in…
A four-person investigative team from the US Chemical Safety Board (CSB) is deploying to the scene of an incident which reportedly injured multiple workers at the Husky Energy oil refinery in Superior, Wisconsin. The refinery was shutting down in preparation for a five-week turnaround…
Hess has reached an agreement with ExxonMobil to acquire a 15% interest in the Kaieteur block offshore Guyana. The transaction has already gone through, with the Guyanese government’s support. The block is 155 miles (250 kilometres) offshore and adjacent to the Stabroek block,…
Construction has started on the facilities for the Husky Energy-operated West White Rose project offshore Newfoundland. Work should be completed in 2021, followed by first oil in 2022, with peak production of 75,000 b/d three years later as more development wells are drilled and…
BP and Azerbaijan’s Socar have signed a new production sharing agreement (PSA) for the joint exploration and development of Block D230 in the North Absheron basin in the Azerbaijan sector of the Caspian Sea. The PSA was signed on the 26th April in London,…
Two new infill wells drilled this year on the Tambar field offshore Norway, have been brought online, Faroe Petroleum, a partner in the Aker BP-operated field said on the 27th April. Faroe said the two new development wells’ initial performance exceeded pre-drill expectations. …
DNO ASA, the Norwegian oil and gas operator, has announced expansion and acceleration of operations in the Kurdistan region of Iraq while building up its North Sea exposure. First quarter revenues, the highest in nearly four years, stood at US$142 million and net profit…
A newly drilled unregulated oil well in western Indonesia exploded into flames early the 25th April, burning 18 people to death and injuring dozens of others. National Disaster Mitigation Agency spokesman Sutopo Purwo Nugroho said the well in Pasir Putih village in eastern Aceh…
Total SA and Google Cloud have signed an agreement to jointly develop artificial intelligence (AI) solutions for subsurface data analysis in oil and gas exploration and production. The agreement focuses on the development of AI programmes which will make it possible to interpret subsurface images,…
