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ExxonMobil Inks Preliminary Wilhelmshaven FSRU Deal

January 25, 2019

German utility Uniper on Friday said ExxonMobil had signed a preliminary deal to take a substantial share of the regasification capacity at a liquefied natural gas (LNG) floating terminal planned for Wilhelmshaven. "The heads of agreement (a…

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DOF Subsea Wins Yinson Energy Contract

January 25, 2019

Malaysia's Yinson Holdings Bhd's associate Yinson Energy has awarded DOF Subsea Asia Pacific Region a contract to provide transportation & installation (T&I) services to position and moor the FPSO Helang on the Layang field, Sarawak, Malaysia.

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WSM to Manage FSRU for Pardus Energy

January 24, 2019

Wilhelmsen Ship Management (WSM) has entered into a management agreement with Ireland-based Pardus Energy for their new building Floating Storage and Regasification Unit (FSRU). WSM, one of the world’s largest third-party ship manager with a…

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FSRU Enters Qatar Drydock for Maintenance

January 22, 2019

A floating storage regasification unit (FSRU) owned by U.S. based Excelerate Energy will undergo drydocking, maintenance and upgrades at the Erhama Bin Jaber Al Jalahma Shipyard in Qatar, prior to its deployment in Bangladesh. The drydocking…

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Santos Boosts Van Gogh Production

January 22, 2019

Australian producer Santos announced Tuesday that it has achieved first oil from the Van Gogh infill project, marking the completion of a two-well program to increase production from the field. The Santos-operated Van Gogh field is one of three…

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Hurricane Energy Fails To Hook-up

January 21, 2019

The UK based oil and gas company Hurricane Energy PLC said it was unable to complete the buoy hook-up operation in the offshore UK Lancaster field due to problems with the rope. According to a press note, the Aoka Mizu FPSO has been forced to return to the Cromarty Firth.

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Total Green-lights Ikike Oil Project in Nigeria

January 21, 2019

French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also aims to expand its liquefied natural gas (LNG) project in the country, CEO Patrick Pouyanne said on Monday. Total is one of the strongest players in the African oil sector…

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Woodside Boosts Spending for Next Leg of Growth

January 17, 2019

Australia's Woodside Petroleum Ltd on Thursday flagged higher-than-expected investment spending for 2019 as it steps up early work on the two big natural gas developments that will drive its growth in the next decade. Australia's largest independent…

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Norway's Northernmost Oil Find Could Start Production in 2026

January 16, 2019

Austria's OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway's northernmost oil discovery, which could start production within a decade, a senior executive said on Wednesday. OMV owns a…

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Woodside Awards Scarborough FEED Contracts

January 16, 2019

Australian independent oil and gas company Woodside said Wednesday it has awarded four contracts for front-end engineering design (FEED) activities for the proposed US$11 billion Scarborough Project offshore Western Australia. Each contract…

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Petrobras 2018 Production Shy of Target

January 16, 2019

Petroleo Brasileiro produced an average of 2.03 million barrels per day (bpd) in Brazil last year, the oil company said in a statement on Tuesday, just below the company's target of 2.1 million bpd. Petrobras' total production of oil and natural…

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​​​​Petrobras Wants to Operate 3 Blocks in 6th Pre-salt

January 14, 2019

Brazil state-run oil firm Petroleo Brasileiro SA said on Monday it plans to exercise its preferential rights to operate three blocks in the next pre-salt deep water auction, due later this year, under a production-sharing contract scheme. In a statement…

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Three Nominated to Petrobras Board

January 14, 2019

Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members. The nominees are Eduardo Bacellar Ferreira, John Forman and Joao Cox.

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Equinor Wraps Up Rosebank Acquisition

January 11, 2019

Norway's Equinor said on Friday it has completed its acquisition of Chevron’s 40 percent operated interest in the Rosebank project in the West of Shetland region of the U.K. continental shelf. The transaction was announced in October 2018 .

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Exxon Ships Have Not Returned to Disputed Area off Guyana

January 11, 2019

Seismic research vessels hired by Exxon Mobil to explore for oil off Guyana's coast have not returned to the site of a December incident with Venezuela's navy, but they may in the future, Guyana's foreign minister said on Thursday. Guyana, with no history of oil production…

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New Petrobras Chief Wants to Oust Board Members

January 11, 2019

The new chief executive of Brazil's state-controlled oil company Petroleo Brasileiro SA is pushing for the ouster of two board members, newspaper Valor Economico reported on Friday. Citing unnamed sources close to the matter, Valor said CEO…

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Premier Oil Cuts More Debt than Forecast

January 10, 2019

Britain's Premier Oil cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday. Premier's full-year production of 80,500 barrels of oil equivalent per day (boepd) came in…

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DeltaTek Wins Multi-well Contract with Energean

January 9, 2019

Well construction specialist DeltaTek Global announced Wednesday it has been awarded a contract from Energean Oil and Gas to support well construction at the Karish deepwater project offshore Israel. DeltaTek said it will provide optimization…

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Oil Spill from Espadarte Field FPSO

January 8, 2019

Brazilian state-run oil firm Petróleo Brasileiro S.A. announced there was an oil spill on January 2 from its chartered floating production storage and offloading unit (FPSO) Cidade de Rio de Janeiro, in the Espadarte field offshore Brazil. Petrobras…

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Petrobras Selling $803 Mln in Local Debt

January 8, 2019

Petroleo Brasileiro SA is selling up to three series of local unsecured bonds to raise 3 billion reais ($803 million), the Brazilian state-run oil firm said in a securities filing on Tuesday. The debt will mature in 7 to 10 years, depending on the series…

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SeaRose FPSO Production Remains On Hold

January 7, 2019

Oil production continues to be suspended at the SeaRose FPSO, about 350 kilometres east of St. John’s for the last 50 days. There’s no information on when production will resume. Production was suspended and shutdown began on November 16 after two spills -  an estimated 250…

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