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 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 […]

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 […]

Recognising the rig’s outstanding performance across all parameters, Shell has chosen Maersk Convincer as Jack-Up Rig of the Year 2020. The rig has now won this award for three consecutive years. Since arriving in Brunei Darussalam in autumn 2017, Maersk Convincer has consistently been one of the best performing drilling rigs in Shell’s employ. Maersk […]

A deep freeze across Texas took a toll on the energy industry in the largest U.S. crude-producing state, shutting oil refineries and forcing restrictions from natural gas pipeline operators. The cold snap prompted the state’s electric grid operator to impose rotating blackouts, while President Joe Biden declared an emergency on Monday, unlocking federal assistance to […]

Equinor has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets […]

The Abu Dhabi National Oil Company (ADNOC) has announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi’s Offshore Block 4 to Cosmo E&P Albahriya Limited, a wholly-owned subsidiary of Japan’s Cosmo Energy Holdings Co., Ltd. (Cosmo). The award has been approved by Abu Dhabi’s newly formed Supreme Council for […]

Siemens Energy was selected to supply new electric motor driven compressors for Saudi Aramco’s Tanajib Plant facilities. The company received the order from the Spanish engineering and construction company, Técnicas Reunidas, who was awarded the engineering, procurement, and construction (EPC) contract for the Marjan Onshore Packages 9 and 11 projects last year.  Saudi Aramco has awarded […]