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BP Green-lights Greater Tortue Ahmeyim Project

December 21, 2018

BP and its partners announced on Friday that the green light has been given for the first phase of the Greater Tortue Ahmeyim project off the coast of Mauritania and Senegal. The cross-border development, a first for the two West African nations and Africa's deepest offshore project at 2…

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Vår Energi Awards Jotun FPSO FEED to Aker Solutions

December 21, 2018

The newly formed exploration and production (E&P) company Vår Energi  is progressing the redevelopment of the Balder and Ringhorne area offshore Norway and a FEED contract for the Jotun FPSO life extension has now been signed with Aker Solutions.

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US Crude Inventory Drops for Third Week

December 20, 2018

U.S. crude inventory declined again last week. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates an inventory fall of 0.5 million barrels in the week ended December 14. While only a small drop, it is the third decline in a row. While EIA data include only U.S.

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Ocean Installer Clinches Johan Castberg Deal

December 18, 2018

Norwegian subsea contractor Ocean Installer and Norwegian multinational energy company Equinor ASA have signed a contract that covers the FPSO mooring installation, tow out and hook-up of the Johan Castberg FPSO in the Barents Sea. Johan Castberg…

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Lithuania Plans to Buy an FSRU

December 18, 2018

Lithuania has given the go ahead to state-owned Klaipedos Nafta to purchase a liquefied natural gas (LNG) storage vessel by late 2024, as it shores up energy supplies and reduces its reliance on Russian natural gas. Klaipedos Nafta is currently…

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BP Nears FID at Platina Field Offshore Angola

December 17, 2018

Angola’s Sonangol and British supermajor BP on Monday signed an agreement to progress to final investment decision (FID) for the development of the Platina field in the BP-operated deepwater Block 18, offshore Angola. Platina would be BP’s first…

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First Contracts Awarded for Senegal FPSO Project

December 17, 2018

Woodside and Cairn Energy awarded front-end engineering contracts for Senegal's first oil project, a key step before a final investment decision expected in mid-2019, Woodside said on Monday. The project's first phase targets the unlocking of…

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Uniper intensifies LNG plans with Japan's Mitsui OSK

December 17, 2018

Mitsui OSK Lines to own, fund FSRU in Wilhelmshaven; FSRU could be operational in H2 2022. Energy group Uniper on Monday entered agreements with Japanese shipping group Mitsui OSK Lines to handle potential deliveries of liquefied natural (LNG) gas into Germany.

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Norne FPSO Extended Through 2036

December 14, 2018

Norway's Petroleum Safety Authority has given Equinor the green light to extend the operation of the Norne floating production storage and offloading vessel (FPSO) and associated facilities until the end of 2036. "The consent has been granted…

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Norway Postpones Decision on Arctic Oil Terminal

December 14, 2018

The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Friday. If built, the onshore Veidnes…

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Western Gas Chooses McDermott, BHGE for Equus Project

December 12, 2018

Western Gas announced Wednesday it has signed a Memorandum of Understanding (MOU) with oil and gas service and technology providers McDermott International and Baker Hughes, a GE company (BHGE), for the development of the Equus Gas Project offshore Western Australia.

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Brazil Reaches Deal with Petrobras Over Transfer of Rights Area

December 12, 2018

The Brazilian government has reached an agreement with state-controlled oil company Petróleo Brasileiro SA over the so-called transfer of rights area, Finance Minister Eduardo Guardia said on Wednesday. Guardia declined to disclose values nor who is owed what under the terms of the agreement.

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Eni Must Improve Safety in the Arctic -Norway Watchdog

December 11, 2018

Italian oil company Eni must do more to improve safety at its Arctic Goliat oilfield, which produces up to 100,000 barrels of crude per day, Norway's oil safety watchdog said on Tuesday. The world's northernmost oilfield has suffered a number of incidents since it started production in March 2016.

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Husky Energy ‘Deeply Sorry’ for Oil Spill off Newfoundland

December 11, 2018

Canada's petroleum company Husky Energy submitted a preliminary report about the largest-ever oil spill in Newfoundland and Labrador and said it is “deeply sorry” for the incident. According to local media reports, the oil and gas vcompany admitted that on November 16…

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Tailwind Energy Hits First Oil From UK North Sea

December 11, 2018

New UK North Sea-focused oil and gas company Tailwind Energy has announced first oil from the 100% owned Gannet E redevelopment to the Triton FPSO. The London-based contracts services company for North Sea work said in a press note that the…

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BW Offshore Recycling FSO Belokamenka

December 10, 2018

The provider of floating production services to the oil and gas industry BW Offshore has signed an agreement to dispose of the FSO Belokamenka for recycling in compliance with the Hong Kong Convention. The Oslo-listed company said in a press…

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Eni Makes New Oil Find Offshore Angola

December 10, 2018

Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06…

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Eni Starts Production at Vandumbu Field

December 10, 2018

Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production, storage and offloading unit (FPSO). Block 15/06 is located approximately 350 kilometers northwest of Luanda and 130 kilometers west of Soyo, Angola.

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Höegh LNG Takes Delivery of Ninth FSRU

December 7, 2018

Bermuda-based  floating liquefied natural gas (LNG) company Höegh LNG Holdings took delivery of Höegh Gannet, its ninth floating storage and regasification unit (FSRU). Höegh Gannet has regasification capacity of 1 Bcf per day and storage capacity of 170 000 cbm of LNG…

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Petrobras' Next CEO Already Working Inside Company

December 7, 2018

Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters. Roberto Castello Branco, named by president-elect Jair Bolsonaro's economic team to take the helm at Petrobras…

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Crude Inventory Growth Reverses

December 7, 2018

U.S. crude inventory declined last week. The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a fall of 7.3 million barrels in the week ended November 30. This follows a 10-week streak of crude inventory…

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