Shell Offshore Inc. a subsidiary of Shell plc,has announced the start of production at PowerNap, a subsea development in the U.S. Gulf of Mexico with an estimated peak production of 20,000 barrels of oil equivalent per day (boe/d). PowerNap is a tie-back to the Shell-operated Olympus production hub in the prolific Mars Corridor. “Shell has […]

PTT Exploration and Production Public Company Limited (PTTEP), through its subsidiary, PTTEP HKO, and its partner, SapuraOMV, have been awarded the exploration Block SB412, off the northwest coast of Sabah, by PETRONAS. This award is an outcome of the partnership’s successful bidding in the Malaysia Bid Round (MBR) 2021 that was hosted by the Malaysia […]

Neptune Energy and its partners today announced hydrocarbons were encountered at the Hamlet exploration well in the Norwegian sector of the North Sea. Having entered the reservoir, located within the Gjøalicence (PL153), logs encountered hydrocarbons and a decision was made to initiate coring. The operations in the reservoir section are still at an early stage […]

Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has signed a Commercially Binding Term Sheet to acquire 100% of JHI Associates Inc., including JHI’s 17.5% Working Interest (‘WI’) in the Canje Block offshore Guyana. The Acquisition JHI is a private company incorporated in Ontario and headquartered […]

Following the announcement that Equinor has started the process to exit its projects in Russia, a decision has been made that Equinor will also stop trading in Russian oil. This means that Equinor will not enter any new trades or engage in transport of oil and oil products from Russia. This is part of Equinor’s […]

ExxonMobil has issued corporate statement as regards to the current Russia invasion situation in Ukraine. In its stated, ExxonMobil express the company’s supports to the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We deplore Russia’s military action that violates the territorial integrity of Ukraine […]

The bp board announced that bp will exit its shareholding in Rosneft. bp has held a 19.75% shareholding in Rosneft since 2013.  Additionally, bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect. The other Rosneft director nominated by bp, former bp group chief executive Bob Dudley, is similarly […]

The Board of Shell plchas announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream […]

Equinoron behalf of its partners has extended drilling contracts worth NOK 8 billion with Archer, KCA Deutag and Odfjell Drilling. The contracts include drilling, completion, intervention services, plugging, maintenance and modifications on 19 of Equinor’s permanent installations, maintaining strong ripple effects. The four-year agreements were signed in 2018. Exercised for two years from the end […]

The pipe, which runs between two platforms named Conwy and Douglas, was shut off following the leak on Monday and remains closed and about 500 barrels of oil has reportedly leaked from a pipe off the north Wales coast. BBC reported. Operator ENI UK said details of what happened about 20 miles (33km) north of […]