Eni subsidiary Eni Mozambico has acquired rights to explore and develop three offshore blocks in the deep waters of the Angoche and Zambezi basins, the company announced on the 29th May. Through a farm-in agreement with ExxonMobil Mocambique Exploration & Production Limitada, Eni will…
Independent oil and gas company African Petroleum has set the expected date for the completion of the proposed merger with a privately held Africa-focused company PetroNor. African Petroleum agreed to combine with PetroNor for an all-share consideration of around 816 million shares in African…
Jan De Nul Group has commissioned COSCO Shipping Heavy Industry in China to build the Voltaire, its third offshore jack-up installation vessel. The Voltaire is specifically designed to transport, lift, and install offshore wind turbines, transition pieces, and foundations. The company added that it…
Lundin Petroleum is one of the leading independent E&P companies operating in the Norwegian Continental Shelf (NCS). At present it has for significant assets, two in production – Edvard Grieg and Alvheim, and two further fields in development, Johan Sverdrup and the Edvard Grieg…
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. …
