Statoil Completes Acquisition of Byrding InterestJan 3, 2017On 30 December 2016 Statoil and Wintershall Norge completed their previously announced transaction, whereby Statoil has acquired Wintershall’s 25% interest in...
Interim Extension Agreement for FPSO AboJan 3, 2017BW Offshore has signed an interim extension agreement for FPSO Abo with Nigerian Agip Exploration Ltd, a subsidiary of ENI S.p.A....
First SWB Workboat Designed for Oil Spill Response Successfully TestedJan 3, 2017The workboat, produced by Portuguese company – SWB, Seismic Workboats, Lda – was designed and developed by engineering teams from Portugal, England, USA and Norway...
Wärtsilä Increases Operational Safety and Predictability for Two LNG CarriersJan 2, 2017Wärtsilä has signed a 10-year maintenance agreement with MOL LNG Transport Europe Ltd., an affiliate of the Japanese MOL Group.
Alfa Laval Wins Middle East Energy-efficiency OrderJan 2, 2017Alfa Laval – provider of heat transfer, centrifugal separation and fluid handling – has won an order to supply compact heat exchangers to a natural gas plant in the Middle East.
Triton’s Investment in DeepOcean CompletedJan 2, 2017DeepOcean Group Holding B.V., a provider of subsea services for the oil and gas as well as the renewables industries, has announced that the investment by Triton in DeepOcean was completed...
BP and PTT Sign LNG Sale and Purchase AgreementJan 2, 2017BP and PTT Public Limited Company have entered into a sales and purchase agreement for liquefied natural gas (LNG).
Statoil to Drill Exploration Well in the Norwegian SeaJan 2, 2017The Petroleum Safety Authority (PSA) Norway has given Statoil consent to drill exploration well 6507/3-12 in the Norwegian Sea.
Engineering the Future of the Tyra Field Starts January 2017Dec 30, 2016Maersk Oil has issued a notification to the Danish gas market, announcing that an economically viable solution for full recovery of the remaining resources in the Tyra field has not yet been identified...
Nansei Sekiyu Sale ConcludedDec 30, 2016Petrobras has announced that concluded the sale of its 100% stake in Nansei Sekiyu (NSS) to the Taiyo Oil Company.
3-Year Contract Extension for Jack-Up AOD IIIDec 29, 2016Seadrill Limited has received a 3-year contract extension from Saudi Aramco for the jack-up
AOD III, expiring in December 2019.
Conclusion of Tanzania DrillingDec 29, 2016Ophir and its joint venture partners, BG Tanzania (Shell) and Pavilion Energy, have concluded the drilling of two exploration wells offshore Tanzania...
Platts China Oil Analytics – China Apparent Oil Demand Inched up 1% Year over Year in OctoberDec 29, 2016China’s apparent oil demand in October 2016 edged up by 1.1% from the same month last year to 11.12 million barrels per day (b/d), according to an analysis of Chinese government data by S&P Global Platts...
New Natural Gas Discovery Onshore Papua New GuineaDec 29, 2016Exxon Mobil Corporation has announced a new natural gas discovery in the Papua New Guinea North Highlands, 21 kilometres northwest of the Hides Gas Field.
Production Starts at the Ivar Aasen FieldDec 29, 2016With the production start of the Ivar Aasen field, Wintershall is once again strengthening its position as one of the major producers on the Norwegian Continental Shelf.
SOCAR and BP-Operated AIOC Sign Principles of Agreement on Future DevelopmentDec 27, 2016SOCAR (the State Oil Company of the Republic of Azerbaijan) and AIOC (the Azerbaijan International Operating Company) have signed a letter of intent (LoI) for the future development of...
Shell Agrees Sale of Stake in Vivo Energy to Vitol Africa BVDec 27, 2016Shell has signed an agreement with Vitol Africa B.V. to sell its 20% shareholding in Vivo Energy for USD 250 million.
Shell Update on Pearl GTL ProductionDec 24, 2016Shell has announced its Pearl gas-to-liquids (GTL) plant in Ras Laffan Industrial City, Qatar, is currently operating at a reduced rate of production due to unforeseen maintenance...
DEA Strengthens its Position in the Njord AreaDec 24, 2016DEA has strengthened its position in Norway by acquiring participating interest in seven licences in the Njord area in the Norwegian Sea, including 20% increased interest in the Njord field, from Engie E&P Norge AS.
Rigmarine Provides Custom Winch Package for Caspian Sea TopsideDec 24, 2016Lifting and marine product specialist Rigmarine has recently supplied a bespoke winch system for a multi-national oil and gas company, a key customer in the Caspian Sea region.
Chevron Announces Sale of Geothermal OperationsDec 24, 2016Chevron Corporation has announced that its wholly owned subsidiaries have entered into a sales and purchase agreement with Star Energy Consortium to sell Chevron’s Indonesian and Philippines Geothermal assets.
Abu Dhabi Acquisition Expands Ashtead Technology’s Middle East CapabilitiesDec 23, 2016Ashtead Technology has announced the acquisition of Abu Dhabi based TES Survey Equipment Services LLC for an undisclosed sum.
Shell Completes Sale of Shell Refining Company in MalaysiaDec 23, 2016Shell has completed the sale of its 51% shareholding in the Shell Refining Company (Federation of Malaya) Berhad (SRC) in Malaysia...
Norwegian Player to Disrupt Offshore and Maritime RecruitmentDec 23, 2016A Norwegian company has developed a system that more than halves ship and rig owners’ recruitment costs for maritime and offshore personnel.
