Fossil Energy
WoodMac: Revised plan for Abadi LNG gets approval, but project ‘still faces several challenges’
Japanese oil and gas company Inpex has received approval from Indonesian authorities for the revised Plan of Development for the Abadi LNG project, located in the Arafura Sea offshore Indonesia. However, according to Wood Mackenzie, the development still faces several challenges. Inpex (operator, 65
Storm Barry shuts 72 pct of U.S. Gulf of Mexico oil production
More than 70 percent of the U.S. Gulf of Mexico oil production remained shut on Sunday after the oil operators had shut facilities and evacuated offshore workers ahead of the Hurricane Barry.
Australia: Inpex grabs Bonaparte Basin offshore block
Japanese oil and gas company Inpex has expanded its foothold in Australia with a new offshore block in the Bonaparte Basin, near the Laminaria oil field.
MacGregor’s buy of TTS’ marine and offshore business gets China approval
The Chinese competition regulator has finally given its approval for Cargotec’s MacGregor to buy marine and offshore business of TTS Group.
Polish oil company enters another North Sea field
PGNiG Upstream Norway, a Norwegian subsidiary of the Polish state-owned oil company PGNiG, has acquired 20% shares in the Duva field – PL 636 and PL636B licenses – from Wellesley Petroleum.
Australia: Roc South well fails to deliver for Santos
Following last week’s results from the first two targets, which proved to be dry, Australian energy giant Santos has failed to find hydrocarbons at the other two Roc South-1 targets as well.
Providence further extends deadline for Barryroe loan
The Irish oil and gas operator Providence has extended a deadline for the receipt of a loan by China’s APEC, despite saying last week there would be no more extensions.
Expro to supply equipment for Chinguetti field plug and abandonment
Oilfield services company Expro has been awarded a contract by Pacific Drilling for the provision of an intervention riser system (IRS) on Petronas’ Chinguetti field offshore Mauritania.
U.S. offshore rig count up by two units
The number of offshore rigs in the U.S. increased to 26 units last week, according to weekly rig count reports by Baker Hughes, a GE company.
Popular news, July 8 – 14, 2019
Offshore Energy Today’s most popular news of the past week.
Aker BP strikes oil in Liatårnet well offshore Norway
Norwegian E&P player Aker BP has made an oil find in the Liatårnet well located in the North of Alvheim and Krafla-Askja (NOAKA) area offshore Norway.
Rystad: Deepwater contributes half of discovered volumes in 1H 2019
Deepwater discoveries are leading the charge with global discoveries of conventional oil and gas continuing to show promising growth, according to Rystad Energy’s mid-year upstream data assessment.
Transocean Leader rig spuds Hurricane’s Lincoln Crestal well off UK
UK-based Hurricane Energy has spudded the Lincoln Crestal well in the Greater Warwick Area offshore UK using the Transocean Leader semi-submersible rig.
Gulf of Mexico oil firms continue evacuation efforts ahead of storm Barry
U.S. Gulf of Mexico operators have continued evacuation operations from rigs and platforms in response to severe weather this week and in preparation for a tropical storm named Barry.