US oil giant ExxonMobil is about to leave Norway, after more than 125 years operating in the Scandinavian country, as it has found a buyer for its assets there, Reuters reported on the 5th September, citing unnamed sources. It has been widely reported over…
Zubair oilfield has reportedly reached a production level of 500,000 barrels of crude oil per day (bpd). According to Business Korea, Kogas made the announcement on the 5th September, adding that its “second-stage goal” is 700,000 bpd. The project is being developed by…
Tag Oil Ltd, Vancouver, BC, has agreed with Tamarind Resources Pte Ltd, Kuala Lumpur, to extend the closing date of the deal by which it would sell substantially all of its New Zealand assets and operations. All necessary approvals, including final approval from New…
Apache Corporation has reported that its North Sea subsidiaries have awarded life-of-field contract extensions to PD&MS Group, Global E&C, and Wood Commissioning Services. The life-of-field contract extensions cover the provision of ad-hoc design, engineering, procurement, construction, and commissioning services across the Beryl and Forties…
The Nordex Group continues to benefit from its broad global market position. In addition to the recently reported projects from Spain and Scotland, the manufacturer has secured further projects in Europe for more than 195 MW in recent weeks. Twelve different customers –…
Cooper Energy as operator of VIC/P44 (Cooper Energy 50% interest holder, Mitsui E & P Australia 50% interest) has announced that the exploration well Annie-1 has made a new gas field discovery in the Otway Basin offshore Victoria. The well reached total depth (TD)…
The proposed merger between offshore accommodation firms Prosafe and Floatel has suffered a setback in the UK, as the UK competition authority has found the merger would raise competition concerns in the supply of offshore accommodation. As previously reported, the proposed merger, if realised,…
Total SA has suspended its planned US$3.5 billion crude export pipeline from Uganda to Tanzania after the collapse of a deal to buy a stake in Tullow Oil Plc’s oil fields in Uganda. The French oil major has terminated all activities related to the…
Argentina’s state-run oil company, YPF SA, is pushing ahead with plans to build a US$5 billion natural gas export terminal despite the political and financial chaos racking the nation. The driller, which has led development of the nation’s Vaca Muerta shale trove, is in…
Schlumberger has introduced the TerraSphere high-definition dual-imaging-while-drilling service at SPE Offshore Europe. The new service is said to provide the industry’s first application of a logging-while-drilling dual-physics imager for all oil-based mud systems. It incorporates electromagnetic and ultrasonic measurements which enable multiple high-resolution…
