Aker Solutions has secured a three-year contract extension, with two one-year options, from Perenco UK to continue operations and maintenance services on its southern North Sea assets. The company has provided Perenco UK with continuous operations support covering 48 platforms and the Bacton and…
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has given its consent to Equinor for exploration drilling in the Barents Sea with the West Hercules drilling rig. The consent covers drilling of exploration well 7132/2-1 in production licence 857 in block 7132/2 in the eastern Barents Sea. Equinor is the operator of the licence with a 40% interest and…
Savannah Petroleum, the British independent oil and gas company focused around oil and gas activities in Niger and Nigeria, has announced the result of the Kunama-1 exploration well as an oil discovery. Kunama-1 is the third consecutive discovery Savannah has made in its maiden…
Improved access to seismic data, a focus on innovation and a recasting of diverse businesses on the UK Continental Shelf all bode well for the 31st Licensing Round, according to Oil & Gas UK, the leading representative organisation for the UK offshore oil and gas…
Mozambique Rovuma Venture SpA a joint venture owned by ExxonMobil, Eni and CNPC, has submitted the development plan for the first phase of the Rovuma LNG project to the Mozambique government, Eni announced on the 9th July. The Rovuma LNG project aims to produce,…
On the 9th July Eni announced a second oil discovery in the Fagur Basin in the Egyptian Western Desert. SWM B1-X was drilled four miles away from the first discovery (SWM A2-X), to a total depth of 14,839 feet, and encountered 114 feet of…
UK Oil & Gas Investments (UKOG) has announced that it intends to change its trading status under AIM rules from an Investing Company to that of an Operating Company. The change of status will be implemented following publication of an admission document and obtaining…
Total and Direct Energie have announced the completion of the acquisition today by Total of 73.04% of the share capital of Direct Energie*1, for €42 per share, representing approximately €1.4 billion. This acquisition, which is subsequent to the satisfaction of all conditions precedent referred…
Vaar Energy AS, to be formed by the merger of Eni Norge AS and Point Resources AS, will spend US$8 billion during the next five years to raise production offshore Norway to 250,000 boe/d of oil and natural gas from the companies’ combined output of…
China National Petroleum Corporation (CNPC) is expected to sign a preliminary agreement with Abu Dhabi National Oil Company (ADNOC) later this month to invest in oil and gas exploration and refinery projects, four sources with knowledge of the matter said. The agreement will be signed during a…
