Ghana Expects Aker Energy's FID on Pecan 'Within Two Months'.jpg

Ghana Expects Aker Energy's FID on Pecan 'Within 1-2 Months'

February 25, 2020

Ghana expects Norway's Aker Energy to make a final investment decision in the near future regarding the West African country's planned Pecan oilfield development, Ghana's President Nana Akufo-Addo said on Monday. The government has been frustrated…

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Aker BP Gets Skogul Start-Up Nod

February 24, 2020

Norwegian oil company Aker BP has received regulatory consent for the start-up of the Skogul field in the North Sea, offshore Norway. The Norwegian Petroleum Directorate granted its consent for the of the field in production license 460 on Monday.

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Aker Energy, Yinson Sign Pecan FPSO LoI

February 21, 2020

Norwegian oil and gas company Aker Energy has signed a letter of intent with Malaysian FPSO provider for the delivery of an FPSO for Aker Energy's Pecan oil field offshore Ghana. Subject to a firm contract signing, Yinson will get the deal for…

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Energean: Karish Main-02 Well a Success

February 20, 2020

Energean Oil and Gas has announced successful results from production measurement performed during clean-up of the Karish Main-02 development well, in the Karish Main structure, offshore Israel The Mediterranean Sea-focused company working to…


Floatech Must Pay $6,25M to Drydocks World, Court Rules

February 19, 2020

A Dubai court has ruled that Floatech, a subsidiary of Malaysia's TH Heavy Engineering, must pay $6,25 million to Dubai's Drydocks World. Drydocks World in April 2019 presented Floatech with a writ of summons demanding Floatech to pay the $6…

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Floating Production: The Next Chapter

February 19, 2020

The market for floating production, storage and offloading units (FPSO) is heating up. Séverine Baudic, SBM Offshore’s Managing Director for Floating Production Solutions, weighs in on the strategic initiatives and technological innovations…


Guyana Produced 35,607 bpd in December

February 19, 2020

Guyana produced 35,607 barrels per day (bpd) of oil in December, following the i nauguration of production in the country by a consortium led by U.S. oil major Exxon Mobil Corp, the finance ministry said in a report. Exxon has discovered more than 8 billion barrels off the coast of Guyana…


Petronas' 2nd FLNG Sets Sail for Malaysian Offshore Field

February 18, 2020

Malaysian oil and gas giant Petronas has said that its second FLNG Unit, the PFLNG Dua, has set sail from South Korea, and is on its way to the Rotan gas field, offshore Malaysia. The journey, which started from the Samsung Heavy Industries yard in Korea…

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UPS Wins Northern Endeavour Contract

February 17, 2020

Upstream Production Solutions (UPS), Perth, a wholly owned subsidiary of GR Engineering Services Ltd, has agreed with the Australian Government to provide operations and maintenance services to the Northern Endeavour floating production, storage and off-take (FPSO) vessel.


ALP to Tow Giant Coral Sul FLNG from S. Korea to Mozambique

February 17, 2020

Dutch ocean-towing company ALP will tow Eni's giant FLNG vessel Coral Sul (South) from South Korea to Mozambique, and will also assist with the mooring operations once on location. ALP on Monday said that TechnipFMC and JGC had contracted it…


Rubicon Demands Payment from KrisEnergy

February 17, 2020

KrisEnergy, an oil company focused on Southeast Asia, has been served a claim by Rubicon demanding a $2.84 payment in relation to a 2014-charter of the Rubicon Vantage FPSO, deployed at KrisEnergy's Wassana field as an FSO. Rubicon has, according to KrisEnergy…


Woodside Pushes Back Browse FID Again

February 14, 2020

Australian oil and gas giant Woodside has delayed the long-expected Final Investment Decision for the huge Browse gas development off W. Australia again. The offshore area comprising the Brecknock, Calliance, and Torosa fields - the Browse resource - sits in the offshore Browse Basin…


Magnora to Invest Oil Cash In Renewables

February 14, 2020

Oslo-listed company Magnora plans to use the cash generated from oil and gas production at the Western Isles and Penguin offshore projects for renewable energy investments. Magnora, formerly known as Sevan Marine, was formed in 2018 following…


Woodside Wins Senegal Case

February 14, 2020

Australian oil and gas company Far has lost a case against its compatriot Woodside in which it challenged Woodside's acquisition of ConocoPhillips' stake in the SNE field off Senegal in 2016 , claiming pre-emption rights. The field is now known as Sangomar.

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Greater Tortue Ahmeyim Partners Sign LNG Sales Deal with BP

February 12, 2020

Kosmos Energy has said that it has, with its partners in the offshore Senegal/Mauritania Greater Tortue Ahmeyim project, signed a deal to sell 2.45 million tonnes per annum of LNG to BP's subsidiary BP Gas Marketing. The sales and purchase agreement is valid for an initial term of up to 20 years.

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Leviathan Group Seeking FLNG Partner

February 12, 2020

The energy companies that own Israel's offshore Leviathan gas field are seeking partners to build a floating liquefied natural gas (FLNG) platform and possibly to explore for oil in ultra-deepwater, a CEO from the group said. Leviathan, one…


Total CEO Dismisses Tullow Takeover Idea

February 11, 2020

Total Chief Patrick Pouyanne dismissed the idea it might buy its partner in East Africa and Guyana, Tullow Oil, whose share price slumped to 19-year lows in December over a string of bad news, stoking takeover speculation. Total is a partner…


Aker BP to Test Robots and Drones at Skarv

February 11, 2020

Aker BP said it plans to trial robots and drones for autonomous inspection, data capture and automatic report generation on its operated Skarv installation in the Norwegian Sea during 2020. The Norwegian focused exploration and production firm…


Aker BP Ditches Gina Krog for Shrek

February 11, 2020

Norway's Aker BP and Polish PGNiG have entered into an agreement to swap some of their respective offshore license interests in Norway. The deal will see Aker exit the Gina Krog field in the North Sea, but get hold of the recent Shrek discovery located near its Skarv FPSO in the Norwegian Sea.


Petrobras Breaks Oil Output Record, Boosted by Pre-Salt

February 11, 2020

Brazil's Petrobras hit a new production record in the fourth quarter, of over 3 million barrels of oil equivalent per day (boepd), thanks largely to the ramp-up of platforms in the prolific pre-salt formation, the state-run oil firm said on Monday.

Liza Destiny FPSO started producing oil offshore Guyana in December 2020. Image source Hess Corporation.jpg

Guyana to Agree to Oil Prices with Exxon Before Govt's First Export

February 11, 2020

Guyana is aiming to complete talks with the Exxon Mobil Corp-led consortium producing oil off its coast over crude pricing, lifting costs, and scheduling before the government exports its first cargo, energy director Mark Bynoe said on Monday.

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