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September 2016

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Report: Global oil and gas contract activity concentrated in the EMEA region in August 30 September 2016 A monthly review of worldwide oil and gas contract activity in August has revealed that majority of the contracts were focused in the EMEA region, according to a report by...

Karoon Gas to acquire Pacific’s 35% stake in offshore exploration blocks in Santos Basin 30 September 2016 Karoon Gas Australia has signed an agreement to acquire Pacific Exploration and Production’s 35% stake in the jointly held offshore Santos Basin exploration blocks in a $20.5m...

Nopsema seeks further information from BP on Great Australian Bight drilling 30 September 2016 Australian offshore oil and gas authority Nopsema is seeking further information from BP Developments Australia regarding the company’s environment plan for drilling of the Stromlo-1 and...

Deals this week: Okea, Farstad Shipping, Karoon 30 September 2016 Okea AS plans to acquire a minority stake in Ivar Aasen oil field from OMV Aktiengesellschaft, according to sources reported by...

BP signs concession amendments for offshore projects in Egypt 29 September 2016 BP has signed concession amendments with Egypt for the Temsah, Ras El Barr and Nile Delta Offshore production sites....

Hyperdynamics gets updated exploration risk assessment for offshore Guinea prospects 29 September 2016 Hyperdynamics has received an updated exploration risk assessment of its two drilling prospects, raising the probability of success....

Noble Energy reaches Leviathan gas sales deal with Jordan's NEPCO 28 September 2016 Noble Energy has signed a gas sales and purchase agreement (GSPA) to supply natural gas from the Leviathan field to Jordan's National Electric Power Company (NEPCO) for use in power...

Fire breaks out at Azerbaijani offshore platform 28 September 2016 A fire caused by a gas leak has broken out at the offshore Gunashli-19 platform of Azerbaijan's state oil company SOCAR....

Oil prices increase as data shows drop in US crude stocks 28 September 2016 Oil prices have increased due to industry data indicating a fall in US crude stocks....

Foxtrot completes $850m project in Block CI-27 offshore Côte d'Ivoire 27 September 2016 Foxtrot International has completed a four-year, $850m field development programme in Block CI-27 in the Ivory Coast's offshore area, West Africa....

Petrofac completes well decommissioning works for Tullow Oil 27 September 2016 Petrofac has successfully completed its well decommissioning contract for Tullow Oil in the UK Continental Shelf....

Teekay Offshore wins shuttle tanker contracts for Quad204 project 26 September 2016 BP, Royal Dutch Shell and OMV Group have awarded shuttle tanker contracts of affreightment (CoA) to Teekay Offshore Partners for the Quad204 project west of Shetland in the North Sea....

Eni upgrades field potential of Baltim South West in Egypt's Nile Delta 26 September 2016 Italian company Eni has upgraded the field potential of Baltim South West in the Nile Delta, Egypt, to one trillion cubic feet (Tcf) of gas after receiving results from the Baltim South West...

Oil prices remain steady ahead of OPEC meet to discuss curbing oversupply 26 September 2016 Oil prices have remained steady as major oil producers across the globe gathered in Algeria to discuss a production freeze deal to help the oversupplied market....

Deals this week: Royal Dutch Shell, Sinopec, AKOFS Offshore 23 September 2016 Shell plans to sell its royalty interests in 17 leases in Ewing Bank, Garden Banks, Green Canyon, Main Pass Area, Mississippi Canyon, and Walker Ridge areas in the US Gulf of Mexico....

Spectrum starts 1,800km² 3D seismic survey off Norway 23 September 2016 Spectrum, a global company which provides seismic surveys and high-quality seismic imaging services to the global oil and gas industry, has started acquisition of 1,800 km2 Multi-Client 3D...

Report: Low crude oil prices to continue to impact capex spending on planned projects 23 September 2016 Capex spending on planned oil and gas projects is expected to fall further due to low crude prices, with estimated decreases from $299.2bn in 2016 to $167.61bn by 2020, according to a...

Petrofac to provide training services for Statoil’s UKCS operations 23 September 2016 Petrofac Training Services has secured a contract to provide training and emergency response services for Statoil and support its UK Continental Shelf (UKCS) operations....

Veolia's MPPE unit chosen for Inpex’s Ichthys LNG project 22 September 2016 French firm Veolia's MPPE unit has been selected to treat the gas/condensate-produced water stream from Inpex-operated Ichthys LNG project’s floating production storage and offloading...

Lundin Norway wins drilling permit for well 7219/12-1 in North Sea 22 September 2016 Lundin Norway has secured a drilling permit from the Norwegian Petroleum Directorate (NPD) for well 7219/12-1 in the North Sea....

NPD receives 33 applications for exploration licences off Norway coast 21 September 2016 The latest exploration licensing round offering acreage in mature areas off the coast of Norway has received 33 applications from oil...