Fossil Energy
BP awards ‘key contracts’ for $6 billion worth Caspian Sea project
Oil major BP, as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development, has awarded key contracts for the the Azeri-Central-East (ACE) project located in the Azerbaijan’s sector of the Caspian Sea.
Impact of Saudi oil attack on crude flows will depend on duration of outage, Rystad says
Oil prices on Monday saw the biggest surge since 1991 following a drone attack on the state-owned Saudi Aramco’s oil processing facility in Saudi Arabia, according to Reuters.
Vaalco seeks London listing ‘to support growth strategy’
Houston-based oil and gas company Vaalco Energy has revealed its intention to list on the main market of the London Stock Exchange (LSE) to broaden shareholder base and access future capital to support growth strategy.
Gardline wraps up Barryroe site survey for Providence
Gardline has completed its survey activities over two locations on the Providence Resources-operated Barryroe oil accumulation located offshore Ireland.
Kvaerner eyes growth in new areas within oil and gas and renewable industries
Norwegian engineering and construction services company Kvaerner has established two new focus areas to grow its operations within both oil and gas projects and in renewable industries.
Repsol gains consent to use Rowan Viking rig on Yme field
Spanish oil company Repsol has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), to use the Rowan Viking jack-up rig on the Yme field offshore Norway.
Oilex enters exclusivity agreement for three Irish Sea discoveries
Oil and gas exploration and production company Oilex has entered into an exclusivity agreement with Koru Energy for a potential acquisition of up to a 50 percent interest in three licenses in the East Irish Sea.
Popular news, September 9 – 15, 2019
The most popular news of the week.
Oil tanker catches fire at Equinor’s Sture terminal
Equinor’s emergency response center on Friday received reports of a fire in the engine room of the tanker Dubai Harmony. The ship is moored at the quayside at the Sture terminal in Øygarden municipality in Hordaland, Norway.
Repsol’s Gyda incident ‘could have resulted in loss of life’
The PSA has completed an investigation into an incident involving a dropped object and personal injury on the Gyda field in the North Sea.
Non-OPEC liquid production to continue reaching record highs in 2020, Rystad says
Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d), according to Rystad Energy.
Crondall to deliver concept select study for Pharis Energy’s Pilot field
Crondall Energy has been awarded a contract by Pharis Energy to deliver the concept select study for the operator’s heavy oil Pilot field development in the Central North Sea.
New CEO to take the helm at Magseis Fairfield
Magseis Fairfield has appointed Carel Hooijkaas as Chief Executive Officer effective October 1, 2019, succeeding Per Christian Grytnes who will retire from the company.
Schlumberger, IHS Markit team up to provide E&P datasets
Oil services company Schlumberger has established a strategic collaboration between its seismic and geophysical data solutions division WesternGeco and global information provider IHS Markit.