Along with Borealis Alaska Oil Inc, Armstrong Oil & Gas Inc. Denver, through its subsidiary North Slope Energy LLC, plans to evaluate the Castle West prospect on the North Slope of Alaska with a test well in the near future following the close of a…
Gas production at Groningen in the northern Netherlands can be lowered to ten billion cubic metres (BCM) this year, the government said on the 21st February, beating an initial 2020 target to cut output at the field because of earthquake risk. The Dutch government…
Offshore vessel owner DOF Rederi has been awarded a contract for one of its vessels by Premier Oil UK. DOF said on the 24th February that the contract was awarded to the Skandi Caledonia vessel. It is for four wells firm plus one two-well…
Norway’s Petroleum Safety Authority (PSA) has given its consent to Capricorn Norge for exploration drilling in the North Sea, using the Island Innovator drilling rig. The safety authority said on the 24th February that its consent to Capricorn Norge, a subsidiary of Cairn Energy,…
Phillips 66 Partners LP plans to acquire a 50% interest in the Liberty Pipeline project from Phillips 66 for approximately US$75 million. Phillips 66 Partners will fund the transaction through a combination of cash and its revolving credit facility. The cost of the pipeline…
The Norwegian Petroleum Directorate (NPD) has revealed that it has granted its consent for the start-up of the Skogul field in the North Sea. Aker BP, the field operator, plans to start-up the asset in March this year, according to the NPD. Skogul…
Aker Energy Ghana has provisionally awarded Yinson Holdings Berhad a bareboat charter and operations/maintenance contract for an FPSO at the deep-water Pecan field offshore Ghana. The letter of intent follows a competitive tender for the project in the Deepwater Tano Cape Three Points (DWT/CTP) block….
IGI hires Barbican’s Sullivan for downstream energy portfolio International General Insurance Holdings (IGI) has hired Barbican’s Marc Sullivan as class underwriter for downstream energy. McGill builds energy and power team with RKH Specialty’s Oliveira Expansive broking start-up McGill and Partners has appointed Ana Oliveira…
Australia-based junior explorer Timor Resources is one step closer to making history in the young country of Timor-Leste, which became a sovereign state only 18 years ago. Timor Resources advised Rigzone that it has secured a finance facility of up to US$30 million from…
Despite Indonesia’s official projections of an eight percent growth year-on-year, production of both oil and gas will most likely fall in 2020, according to energy intelligence firm Rystad Energy. Rystad said on the 20th February that the country’s upstream task force SKK Migas had…
