Tag archive for ‘Oil and gas industry news’
By oilandgasnews365 reporter On Monday, July 6th, 2020
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Atlantic Coast Pipeline project scrapped by Dominion Energy and Duke Energy

Dominion Energy and Duke Energy said that they have scrapped their $8 billion Atlantic Coast Pipeline project citing ongoing delays and increasing uncertainties in costs of the proposed 970km long natural gas pipeline More...

By oilandgasnews365 reporter On Sunday, July 5th, 2020
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Neptune Energy and partners make Dugong discovery in Norwegian North Sea

Dugong discovery : Neptune Energy and its partners have made a hydrocarbon discovery in PL 882 license offshore Norway following the drilling of the Dugong well in the North Sea. The company said that upon entering More...

By oilandgasnews365 reporter On Sunday, July 5th, 2020
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Eni makes Bashrush gas discovery in Nile Delta, Mediterranean Sea

Bashrush gas discovery : Eni, BP, and Total have made a new gas discovery in the Mediterranean Sea off the Egyptian coast following the drilling of the first wildcat well targeting the Bashrush prospect in the North More...

By oilandgasnews365 reporter On Friday, July 3rd, 2020
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Gazprom Neft, Zarubezhneft to develop hard-to-recover oil reserves in West Siberia

Gazprom Neft and Zarubezhneft have agreed to set up a joint venture for exploration and production of hard-to-recover oil reserves in the Khanty-Mansi Autonomous Okrug—Yugra in West Siberia, Russia. In this connection, More...

By oilandgasnews365 reporter On Monday, June 29th, 2020
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BP to sell petrochemicals business to INEOS for $5bn

Oil and gas giant BP has signed a $5 billion worth deal to sell its global petrochemicals business to INEOS Styrolution, a subsidiary of chemicals company INEOS, in a move to strengthen its balance sheet. The transaction More...

By oilandgasnews365 reporter On Monday, June 29th, 2020
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Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions has been awarded a contract extension from Aker BP for two years worth NOK1.7 billion ($175.65 million) to provide maintenance and modifications for the latter’s Ula, Skarv, Valhall, and Tambar More...

By oilandgasnews365 reporter On Monday, June 29th, 2020
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Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and its partners have ramped up production in Block BM-S-11A (Iara cluster)  in the deepwater Santos Basin pre-salt offshore Brazil by starting production from the P-70 floating production storage and More...

By oilandgasnews365 reporter On Monday, June 29th, 2020
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Seabird Exploration wins OBN source contract in North Sea

Seabird Exploration has bagged an ocean bottom node (OBN) source contract in the North Sea from an undisclosed client with mobilization to take place next month. The Cyprus-based marine acquisition provider will More...

By oilandgasnews365 reporter On Sunday, June 28th, 2020
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Repsol secures PSA consent to extend life of Rev gas and condensate field

The Petroleum Safety Authority Norway (PSA) has granted consent to Repsol Norge for extending the Rev field in the North Sea for another two years. The Rev gas and condensate field, which is contained in production More...

By oilandgasnews365 reporter On Tuesday, June 23rd, 2020
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Talos Energy acquires certain US GOM assets from Castex Energy 2005

US oil and gas company Talos Energy has agreed to acquire 16 assets from affiliates of Castex Energy 2005 in the US Gulf of Mexico (GOM) Shelf core area for $65 million in a stock cum cash deal. Castex Energy 2005 More...