Cadogan Petroleum reports that the extended well test on Blazh-10 has confirmed the high productivity of the well, with production of 275 bpd on a 26/64” choke. Based on the test result, the company has decided to continue producing the well in natural flow at…
Ithaca Energy, a subsidiary of Israel’s Delek Group, has decided to acquire Chevron North Sea Limited (CNSL) for US$2 billion. Offshore Energy Today reported back in late April that Delek Group had made an offer to buy a package of North Sea assets owned by…
The Norwegian Ministry of Petroleum and Energy has launched this year’s licensing round in mature areas on the Norwegian continental shelf (NCS). In APA 2019, the predefined area has been expanded by a total of 90 blocks, of which five are in the North…
Canadian Natural Resources Ltd (CNRL) will increase its crude oil production capacity by 128,300 b/d before royalties with the purchase of Devon Canada Corporation for C$3.775 billion cash. Devon Energy Corp. announced early this year its plan to shed Canadian operations and natural gas…
Subsea 7’s latest reel-lay vessel Seven Vega has undergone a naming ceremony at Royal IHC’s shipyard. According to Stuart Fitzgerald, executive vice president Strategy and Commercial, the vessel, due to be delivered in early 2020, “will be one of the most capable and cost-effective…
Mining and resources giant BHP has raised its projection for the uptake of electric vehicles, saying that electric vehicles could achieve more than 50 per cent share of global new vehicle sales by 2030, and 100 per cent of all vehicle sales by 2050. …
On the 27th May Qatar Petroleum reported that it has awarded McDermott Middle East Inc the front end engineering design (FEED) contract for its North Field Expansion Project’s offshore pipelines and topsides facilities. “The offshore topsides and pipelines are an important component of the…
Members are informed on the recent announcement by South Africa’s Transnet National Ports Authority (TNPA) that it has made the decision following a successful trial in October last year of the service to transfer pilots to/from vessels via helicopter. The helicopter service, which has been…
Canadian oil company Husky Energy has disclosed its updated five-year plan, which includes investments in several offshore projects offshore China, Indonesia, and Canada. Husky said on Tuesday that the company would focus investments which would continue to grow high-netback gas production offshore China and…
TransGlobe Energy has announced an approval of a new development lease and an operations update. All dollar values are expressed in US dollars unless otherwise stated. Updates South Ghazalat Development Lease approved, targeting an initial ~1000 Bopd from the upper Bahariya formation with first…
