McDermott receives EPCI contract for Santos’ Bayu-Undan offshore field
The scope of the contract involves a tieback of a single in-field well to existing facilities.
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Advance Energy to acquire 50% stake in Buffalo project offshore Timor-Leste
UK-based Advance Energy raised capital to acquire a 50% interest in the Buffalo project located offshore Timor-Leste.
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Timor-Leste upstream fiscal and regulatory guide
Timor-Leste is hosting a licensing round (contract signature planned for January 2021) to attract new exploration investment to counter the…
ByEast Timor approves proposal for stake acquisition in Sunrise project
East Timor President Francisco Guterres has approved a proposal that allows the use of the country’s petroleum fund for a…
Shell to sell stake in Greater Sunrise fields to East Timor for $300m
Shell Australia has reached a $300m agreement to divest its 26.56% interest in the Greater Sunrise natural gas fields located…
Maersk Drilling secures semi-sub contract from Eni
Maersk Drilling has signed a one-well contract for the semi-submersible rig Maersk Deliverer with Eni JDPA 11-106 for exploration drilling…
Deals this week: Shell, Subsea Integration Alliance, Equinor
An energy consortium led by Shell has formed a C$40bn ($31.9bn) joint venture (JV) to provide liquefied natural gas (LNG)…
East Timor to acquire 30% stake in Greater Sunrise oil and gas fields
East Timor (Timor-Leste) has reached an agreement with US energy firm ConocoPhillips to acquire 30% stake in the Greater Sunrise…