Canadian oil and gas company Zenith Energy has renegotiated the terms for the acquisition Anglo African Oil & Gas’ subsidiary which is the operator of the Tilapia oilfield in the Republic of the Congo. AAOG’s fully-owned subsidiary in question is Anglo African Oil &…
Equinor has approval from Norway’s Petroleum Safety Authority for continued use of the Troll B platform in the North Sea and associated subsea installations. The existing consent ran until September 2020, but this has now been extended to the 30th September 2030, to allow…
Chevron Corporation has announced that its affiliate companies have sold their non-operating interests in the Azeri-Chirag-Deepwater Gunashli (ACG) oil fields (including interests in the Western Export Route Pipeline) and the Baku-Tbilisi-Ceyhan (BTC) oil pipeline located in Azerbaijan, to MOL Hungarian Oil and Gas Plc for…
Arrow Energy has sanctioned commencement of the first phase of its Surat Gas Project (SGP) in southern Queensland, with construction set to begin this year. Arrow’s sanction decision follows the announcement from its shareholders, PetroChina and Shell, of a final investment decision (FID) for…
Pin Oak Corpus Christi LLC has received the first vessel at its newly commissioned Oil Dock 14 at the Port of Corpus Christi. The new dock, with loading rates in excess of 40,000 bbl/hr, can accommodate tankers up to Suezmax class (~1-million bbl). …
Petrobras revealed on the 15th April that it has begun hibernating 62 platforms in shallow water fields in the Campos, Sergipe, Potiguar and Ceara basins offshore Brazil. In a statement posted on the company’s website, which was translated by Google, Petrobras said the measure…
Dutch exploration and production operator Tulip Oil has reduced its capital and operating expenditures as a response to the low oil and gas prices as well as the coronavirus pandemic, but this will not stop Tulip from taking steps in preparation for production increase at…
Keppel Offshore & Marine (Keppel O&M) has signed a memorandum of understanding with the Energy Market Authority (EMA) to develop energy solutions for distributed energy resources, digitalisation, and low carbon alternatives. The two parties are launching a grant call for solutions relating to energy…
GE has signed a contract with Phuong Mai Wind Power JSC, a Special Purpose Vehicle entity jointly invested by Truong Thanh Development and Construction Investment Joint Stock Company and Hanoi Construction – Industrial Investment JSC to provide 11 2.4MW-116 turbines and technical advisory service for…
Yinson has completed a US$800 million refinancing exercise for FPSO John Agyekum Kufuor (JAK), with the loan successfully drawn down on 14 April. The project kicked off five months ago in November 2019 when 13 local and international banks, seven of which are new…
