Neptune Energy has announced its readiness to acquire interests in several oil and gas fields in the Emsland and the Grafschaft Bentheim region of Germany from Wintershall Dea. The agreement will increase Neptune’s existing interests in the Adorf, Apeldorn and Ringe gas fields and in the Adorf-Scheerhorn, Georgsdorf and Ringe oil fields. It will add […]

The methanol plant at Tjeldbergodden is now back in production after being decommissioned since the fire on 2 December 2020. The safe start-up preparations have gone according to plan and the facility is now supplying methanol to the market.  The fire broke out in the compressor building in the methanol factory area at Tjeldbergodden. The […]

The field was discovered in 1981, and when it came on stream in 1989, Veslefrikk’s development concept, as a first on the Norwegian continental shelf, consisted of a floating production unit. The partnership has invested some NOK 20 billion in Veslefrikk, and the field’s productive life has been extended several times. When the plan for […]

PETRONAS has awarded Block SB405, off the coast of Sabah, offshore Malaysia, to ConocoPhillips East Malaysia Limited (COPEM) a subsidiary of ConocoPhillips and PETRONAS Carigali Sdn. Bhd. (PCSB). The award of this exploration block is expected to bolster exploration activities off the coast of Sabah following the opening of more block investment opportunities in the […]

PETRONAS has announced that it will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021. Also included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks. This year’s MBR also features the offering of four deepwater […]

OMV, the integrated, international oil, gas and chemicals company headquartered in Vienna, and Kommunalkredit Austria AG (Kommunalkredit) have announced a joint investment in the construction of Austria’s largest electrolysis plant in the OMV Schwechat Refinery. Total investment will be around EUR 25 mn, with OMV and Kommunalkredit each bearing half the cost. The plant is […]

ENGIE and Equinor have announced their partnership to develop joint low-carbon hydrogen activities. The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore. ENGIE and Equinor have signed a memorandum of understanding to investigate the development low-carbon hydrogen value chains in Belgium, […]

Woodside delivered record full-year production of 100.3 million barrels of oil equivalent and it’s best-ever safety performance despite the difficult external conditions in 2020. The reported net loss after tax of US$4,028 million was impacted by the non-cash impairments and onerous contract provision announced in July 2020. Sustained operational excellence helped deliver underlying net profit […]

Transocean Ltd. has announced a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs. These include new contracts and existing contracts extension. Additionally, the company has informed the retirement of the Leiv Eiriksson. The rig is classified as held for sale. Meanwhile as of February […]

Energean plc, the gas producer focused on the Mediterranean, has announced that AbuQir Petroleum, a Joint Venture between Energean and EGPC, has signed an integrated EPCI iEPCI contract to global offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt. The contract covers the Engineering, Procurement, Construction, and Installation of four subsea wells as […]