Fossil Energy
Masirah gets green light for Yumna field development plan
Oman’s Ministry of Oil and Gas has approved Masirah Oil’s field development plan (FDP) for the offshore Yumna field.
Cooper Energy and Mitsui commit $55M for Minerva gas plant upgrade
Australia’s Cooper Energy and partner Mitsui Group have committed $55 million to upgrade the idle Minerva gas plant which will allow the supply of 16 petajoules of so far undeveloped gas.
Cortez pioneers pipelay technique off Malaysia
Cortez Subsea in partnership with Alam Maritim has completed the first ever subsea pipeline using the Zap-Lok mechanical connector offshore Malaysia. The project championed technology for faster and more cost-effective completion of subsea pipelay. It also marked a lay rate of 4.7 kilometres in 24 h
Fugro delivers phase one of Qatargas North Field survey
Dutch Fugro has completed the first phase of its offshore site investigation for Qatargas’ North Field production sustainability’s compression phase. The fieldwork started in March, and the phase one marks completion of the geophysical scope. The geotechnical scope in phase two should run until Augu
Claxton pens master service deal with Aker BP
Claxton, an engineering and services company in subsea services group Acteon, has signed a master service agreement (MSA) with Aker BP.
HMDC shuts in Hibernia production following fluid discharge
Production from the HMDC-operated Hibernia platform offshore Newfoundland, Canada, has been shut-in following a discharge of drilling and production fluids.
Lower oil prices hamper Oil Search Q2 revenue
The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue due to lower oil prices.
Santos to take up to $560 million impairment hit
Australian gas producer and GLNG operator Santos said on Tuesday it will book non-cash impairments of up to $560 million after tax due to the effects of the Covid-19 coronavirus pandemic. Santos expects to record non-cash charge in the range of $490-560 million after tax in its half-year results nex
Halliburton drops to $1.7 billion loss in second quarter
Giant oilfield services provider Halliburton has recorded a $1.7 billion loss in the second quarter, which the firm attributed to $2.1 billion in impairments.
Vroon scoops three deals with Total
Dutch provider of offshore support vessels Vroon Offshore Services has secured contracts with Total’s UK entity for three emergency response and rescue vessels (ERRV). Vroon said last week that the VOS Enterprise, VOS Prospector, and VOS Vigilant vessels would support Total E&P UK’s North Sea operat
Heerema’s Sleipnir vessel sets jacket lifting record
Heerema’s Sleipnir, the LNG-powered world’s largest semi-submersible crane vessel, has set a record for the largest single lift jacket removal.
Chevron to buy Noble Energy in deal valued at $5 billion
Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
CNOOC starts production from oilfield offshore China
China’s CNOOC Limited has started production from the Luda 21-2/16-3 regional development in the Bohai Sea.
Premier Oil signs discount deals for BP’s North Sea assets buy
Oil and gas company Premier Oil has signed sale and purchase agreements with oil major BP for the acquisition of its interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.