Tag archive for ‘Oil and gas news’
Saipem and Daewoo Shipbuilding & Marine Engineering bag contract for P-79 FPSO for Búzios oil field
By businessnewstoday On Tuesday, June 15th, 2021
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Búzios oil field : Saipem, Daewoo Shipbuilding win contract for P-79 FPSO

(adsbygoogle = window.adsbygoogle || []).push({}); Saipem and Daewoo Shipbuilding & Marine Engineering (DSME) have bagged a contract from Petróleo Brasileiro (Petrobras) for the construction More...

Tourmaline Oil Corp. to acquire Montney play producer Black Swan Energy for $905m
By businessnewstoday On Sunday, June 13th, 2021
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Tourmaline Oil Corp. to acquire Montney play producer Black Swan Energy

Canadian natural gas producer Tourmaline Oil Corp. has signed a CAD 1.1 billion ($904.9 million) deal to acquire Black Swan Energy, a privately held Calgary-based energy company. The consideration is made up of More...

Valaris wins contract for Valaris Relentless drillship from Chevron
By businessnewstoday On Wednesday, June 9th, 2021
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Valaris wins contract for Valaris Relentless drillship from Chevron

Valaris Limited has bagged a three-year contract from Chevron for the use of its Valaris Relentless drillship (VALARIS DS-18 drillship) in the US Gulf of Mexico. The Bermuda-based offshore drilling services provider More...

OKEA and partners to move ahead with the Hasselmus gas project.
By businessnewstoday On Saturday, June 5th, 2021
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Hasselmus gas project : OKEA and partners to develop Norwegian Sea discovery

OKEA and its partners Petoro and Neptune Energy Norge have decided to go ahead with the Hasselmus gas project in the Norwegian Sea with an investment of NOK 600-700 million ($72-84.25 million). The Hasselmus gas More...

The Bacalhau oil field FPSO to be delivered by MODEC.
By businessnewstoday On Saturday, June 5th, 2021
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Bacalhau oil field : $8bn phase 1 development approved by Equinor and partners

Equinor and its partners have approved the phase 1 development of the Bacalhau oil field in the Santos Basin, offshore Brazil with an investment of around $8 billion. The Bacalhau field spans across the BM-S-8 and More...

Oil India Limited transfers 2.28 crore shares in Numaligarh refinery to Assam government
By businessnewstoday On Wednesday, June 2nd, 2021
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Oil India Limited transfers 2.28cr shares in Numaligarh refinery to Assam govt

Oil India Limited said that it has transferred around 2.28 crores of equity shares of Numaligarh Refinery Limited (NRL) to the Assam government for INR 217.75 per share or a total of INR 496,62,58,655. Following More...

Cabot Oil & Gas and Cimarex Energy sign $17bn merger deal
By businessnewstoday On Monday, May 24th, 2021
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Cabot Oil & Gas and Cimarex Energy sign $17bn merger deal

US-based upstream companies Cabot Oil & Gas Corporation and Cimarex Energy have agreed to combine in an all-stock merger of equals that values the enlarged firm at around $17 billion. Based in Texas, Cabot Oil More...

Shell to sell stake in Malampaya gas project to Udenna subsidiary
By businessnewstoday On Sunday, May 23rd, 2021
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Malampaya gas project : Shell to divest 45% stake to Udenna in $460m deal

Royal Dutch Shell is executing a deal worth up to $460 million to sell its interest in the Malampaya gas project in the Philippines to Malampaya Energy XP, a subsidiary of Udenna Corporation. The deal is being carried More...

Wintershall Dea reports Dvalin North discovery in Norwegian Sea
By businessnewstoday On Sunday, May 23rd, 2021
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Wintershall Dea reports Dvalin North discovery in Norwegian Sea

Wintershall Dea said that it has made a gas, condensate, and oil discovery by the drilling of wildcat well 6507/4-2 S at the Dvalin North prospect in the Haltenbanken area of the Norwegian Sea. According to the More...

ONGC reports damage to offshore infrastructure caused by Cyclone Tauktae
By businessnewstoday On Tuesday, May 18th, 2021
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ONGC reports damage to offshore infrastructure caused by Cyclone Tauktae

Oil and Natural Gas Corporation (ONGC) has reported significant damage to its major production installations and drilling rigs located offshore Mumbai in the Arabian Sea due to Cyclone Tauktae. The Indian state-owned More...