The Faroe Petroleum-operated Oselvar and Trym fields off Norway have received a clean bill of health from Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), following an audit of pipelines and subsea facilities. The PSA said on the 13th April that the audit focused…
Offshore driller Odfjell Drilling has been awarded a conditional Letter of Intent (LOI) by Statoil for a drilling contract for Deepsea Atlantic rig for six firm wells with an estimated total duration of 18 months. The contract is scheduled to start in early first…
Sapura E&P and its partners Petronas Carigali Sdn Bhd and Sarawak Shell Berhad have taken the final investment decision to develop the Gorek, Larak, and Bakong fields as Phase 1 in the SK408 production-sharing contract. The FID follows the field development plan approval from…
Total has acquired assets in the Gulf of Mexico as part of Cobalt International Energy’s bankruptcy auction sale. Total submitted offers on several assets for a consideration of about US$300 million and has acquired from Cobalt: A 20% interest in the North Platte discovery….
SDX Energy Inc announced on the 12th April that it has made a gas discovery at its Ibn Yunus-1X exploration well at South Disouq, Egypt. Ibn Yunus-1X was drilled to a total depth of 9,068 feet and encountered 100.8 feet of net conventional natural…
The New Zealand government has announced an end to new oil and gas exploration permits in the country. The announcement was made on the 12th April by Labour Party leader and New Zealand Prime Minister, Jacinda Ardern, speaking at Victoria University on the government’s environment…
BP has signed a Memorandum of Understanding to explore areas of cooperation with Brazilian oil giant Petrobras. The MoU was signed in London on the 11th April by heads of the two companies to complement and reaffirm the commitments contained in the Letter of Intent…
Lloyd’s broker AFL taps chief commercial officer from JLT Independent Lloyd’s broker AFL has appointed Jonathan Bines, formerly a specialty property & casualty senior partner at JLT, as chief commercial officer. Mr Bines previously worked at Marsh as vice president and Integro Insurance Brokers…
ExxonMobil expects to restart production from its Papua New Guinea liquefied natural gas project at the start of May after it was shut following an earthquake in February, ExxonMobil LNG Vice President Emma Cochrane said on the 11th April. The US$19 billion LNG facility,…
ON the 11th April, Saudi Aramco signed an initial deal with a consortium of Indian refiners to build a US$44 billion refinery and petrochemical project on India’s west coast, as the kingdom moves to secure buyers for its crude in a market awash with oil. …
