Jadestone Energy has executed a sale and purchase agreement (‘SPA’) with OMV to acquire an operated 69% interest in the Maari Project, shallow water offshore New Zealand, for a total headline cash consideration of US$50 million (subject to customary closing adjustments), to be funded from…
Equinor’s chairman has said its new Mariner project in the UK North Sea is now a “significant point of reference” for growing the international business. Jon Reinhardsen addressed an audience during an official opening event for the giant project east of Shetland in Aberdeen…
Premier Oil anticipates first gas from its Bison, Iguana and Gajah Puteri (BIG-P) fields offshore Indonesia by year-end. The three-well development drilling program finished in September, with installation completed last month of the subsea structures and flexible risers. Connection of the umbilicals is…
Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway. Equinor revealed on the 15th November that it has chosen suppliers for inspection services on all its offshore installations on the Norwegian…
Russian oil and gas company Lukoil has completed the construction of the first well as part of Phase 3 of the development of the Vladimir Filanovsky field in the Caspian Sea. Lukoil said on the 15th November that the well was drilled with the…
Italian oilfield services firm Saipem has won a subsea contract in Guyana, as well as additional work in regions including the North Sea, worth £684.6 million. The company has been awarded work by ExxonMobil subsidiary Esso Exploration and Production Guyana at the Payara development…
ExxonMobil has let a contract to Fluor for a series of services related to the operator’s previously announced expansion project to increase production of ultralow-sulphur diesel by nearly 45% at affiliate Esso Petroleum Company Ltd’s (EPCL) 270,000-b/d Fawley refinery near Southampton. Following its completion…
According to Reuters, YPF SA – the Argentine oil company – has sold its first commercial LNG cargo to Petroleo Brasileiro SA (Petrobas). Reuters reported that the Argentine oil company closed a tender to sell 2.1 trillion Btu of LNG on the 6th November…
ADNOC Drilling has announced a “major” rig fleet expansion programme “to support ADNOC’s upstream growth plans”. As part of the first phase of the programme, ADNOC has acquired four UAE-built land rigs with a total value of over US$95 million (AED 350 million). Following…
Norwegian shipbuilder and designer Ulstein has developed a hydrogen-powered ship design, offering zero-emission marine operations for the offshore construction market. According to Ulstein, hydrogen is considered as the ultimate zero-emission solution. In a statement on the 14th November, Ulstein said that its first hydrogen-powered ship…
