All articles by Umesh Ellichipuram

Umesh Ellichipuram

Capricorn scraps deal with Tullow Oil to merge with Israel’s NewMed

NewMed and Capricorn shareholders will own 90% and 10% stakes, respectively, in the merged group.

TotalEnergies closes divestment of 18% interest in Iraq’s Sarsang oil field

ShaMaran Petroleum agreed to buy the stake in the licence in July 2021.

Aker BP unveils $700m investment plan for North Sea tie-back project

The development will involve the tieback of three wells to existing infrastructure and two new subsea installations.

McDermott receives FEED contract from QatarEnergy for NFS pipelines project

The project will be managed from McDermott’s Doha office, with support from Chennai.

Australia’s Senex Energy to invest over A$1bn to boost natural gas output

The investment is expected to boost the company’s annual output to 60PJ per year by 2025.

Shell looking to sell stake in Russian LNG plant to Indian consortium

ONGC Videsh and GAIL are said to be competing to acquire Shell’s stake in the Sakhalin-2 LNG plant.

Lundin and partners make oil discovery near Solveig field in North Sea

The Norwegian Petroleum Directorate (NPD) had announced a minor oil discovery made by Lundin Energy Norway and its partners near the Solveig field in the North Sea, following the drilling of the wildcat well 16/4-13 S.

Oil prices witness more than 2% slump

Oil prices have witnessed a drop of more than 2% today as news reports have revealed that the vessel blocking the Suez Canal has been almost freed from the shoreline, easing concerns over oil supply.

Ineos Energy to divest Norwegian oil and gas business for $615m

UK-based Ineos Energy has agreed to offload its Norwegian oil and gas business to Polish state-controlled firm PGNiG in a deal valued at $615m.

UK’s Noble to acquire offshore drilling contractor Pacific Drilling

UK-based offshore driller Noble has agreed to acquire offshore drilling contractor Pacific Drilling in an all-stock deal.