All articles by Bikrant Kumar Singh
Bikrant Kumar Singh
OMV partners with ADNOC for UAE’s Ghasha offshore gas project
Austrian oil and gas company OMV has reached a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5% stake in the Ghasha offshore gas and condensate fields for 40 years.
Pemex seeks $8bn loan to finance part of its deficit
Mexican state-owned oil producer Petróleos Mexicanos (Pemex) is planning to secure nearly $8bn in loans from banks and export credit agencies (ECAs) to finance part of its deficit next year.
Sonangol and BP to progress offshore Platina field development in Angola
BP and Sonangol have signed an agreement to advance the development of the Platina field in deepwater Block 18, offshore Angola, through making a final investment decision.
Mexico allocates $23bn for Pemex to improve crude output
Mexico President Andres Manuel Lopez Obrador has set aside MXN464.6bn ($23bn) for state oil firm Petroleos Mexicanos (Pemex) to boost its crude output to 50% prior to 2025.
Mozambique signs oil exploration agreements with Exxon and Rosneft
The Mozambique Government has signed oil exploration agreements with US-based energy firm Exxon Mobil and Russian oil company Rosneft.
Equinor cuts investments for NCS projects in implementation phase
Norway’s state-owned oil firm Equinor has cut the estimated investments for operated projects in the development phase on the Norwegian Continental Shelf by around Nkr30bn ($3.62bn).
Thalassa’s ARL completes autonomous flying node sea trials
Thalassa has announced that its subsidiary Autonomous Robotics (ARL) has completed sea trials of a prototype ‘flying node’ autonomous underwater vehicle (AUV) at a location off the cost of Plymouth harbour.
Beach Energy to divest stake in Victorian Otway to O.G. Energy for $243m
Australian oil and gas producer Beach Energy has agreed to dispose of its 40% stake in Victorian Otway assets to O.G. Energy for A$344m ($243.34m) to accelerate supply of gas to the east coast.
India’s ONGC awards $1.5bn contract for deep-water development
India’s Oil & Natural Gas Corporation (ONGC) has awarded a Rs117.4bn ($1.52bn) contract to Baker Hughes (BHGE), McDermott and L&T Hydrocarbon (LTHE) for the deep-water development project, KG-DWN-98/2 (Cluster-2) in the Krishna Godavari basin.
Marathon Oil begins divestment of UK North Sea oil and gas fields
US-based petroleum and natural gas exploration and production company Marathon Oil has started the sale process of its UK North Sea oil and gas fields.