Aberdeen Business News ----BALMORAL Comtec, a Balmoral Group company and a major provider of buoyancy, protection and insulation services to the global offshore energy market, has secured a multi-million-pound contract from TechnipFMC to supply more than 600 buoyancy modules for Equinor’s Rosebank project. This contract award is already supporting the recruitment of over 50 new employees at its Aberdeen...
APA Corporation said that its acquisition plan of Callon Petroleum Company has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024.
“We are very pleased to close this transaction as Callon’s assets bring scale to our Delaware position and balance to our overall Permian asset base — all at what...
Woodside Energy has signed a non-binding Memorandum of Understanding (MOU) with three Japanese companies to enable studies of a potential carbon, capture and storage (CCS) value chain between Japan and Australia. Under the MOU, Sumitomo Corporation, Toho Gas Co., Ltd. and Kawasaki Kisen Kaisha, Ltd. will study the capture, storage and transportation of carbon dioxide (CO2) emissions by industry...
Neptune Energy has confirmed the media releases from its partner, Equinor, on the successful oil and gas discovery near the Fram field in the Norwegian sector of the North Sea. Neptune holds a 15 per cent share in the discovery, which is situated within the Equinor-operated Fram licence area.
"We congratulate Equinor for their safe and successful drilling operation, which...
Equinor (operator), Repsol Sinopec Brasil and Petrobras have taken the investment decision to develop the BM-C-33 project in Brazil. The investment is of approximately USD 9 billion.
Located in the Campos Basin, BM-C-33 comprises three different pre-salt discoveries – Pão de Açúcar, Gávea and Seat – containing natural gas and oil/condensate recoverable reserves above one billion barrels of oil equivalent.
Eni has begun offloading the first LNG cargo into Snam’s new regasification terminal in Piombino today, in the presence of the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin. The terminal has a total processing capacity of 5 billion cubic metres per year, or approximately 7% of Italy's gas demand. The LNG was produced at Egypt’s Damietta...
Suncor Energy has agreed to purchase TotalEnergies' Canadian operations through the acquisition of TotalEnergies EP Canada Ltd., which holds a 31.23% working interest in the Fort Hills oil sands mining project (Fort Hills) and a 50% working interest in the Surmont in situ asset. This will add 135,000 barrels per day of net bitumen production capacity and 2.1 billion...
During 2021, Asia is positioned as the main destination for oil produced in Gabon.Out of a total of 65.9 million barrels of oil exported for a value of 2555.8 billion FCFA, China, India and South Korea alone captured 60%.The information is contained in the 2021 EITI report (Extractive Industries Transparency Initiative) published a few days ago and disclosed by...
Owing to Europe rising gas demand which is attributed to raging war between Russian and Ukraine, ADNOC and RWE Aktiengesellschaft (RWE) have jointly delivered the first-ever shipment of Liquefied Natural Gas (LNG) from the Middle East to the Elbehafen floating LNG terminal in Brunsbüttel, Germany.The shipment of 137,000 cubic meters of LNG is the commissioning cargo for the new...
Recently at the World Government Summit holding in Dubai, Makhtar Diop, managing director of the US-headquarteredInternational Finance Corporation (IFC), has stated that the world needs about $9 trillion of investment annually to tackle climate action and about $1 trillion annually to exertenergy transitionin many countries.
Speaking at the World Government Summit 2023 in Dubai, Diop said the aim of the...
Africa Oil Corphas announced that it has signed two production sharing contracts (PSCs) with the Republic ofEquatorial Guineafor offshore Blocks EG-18 and EG-31. These PSCs are subject to ratification by the country’s government. Africa Oil will hold eighty per cent (80%) operated interests in each block with the balance to be held by GEPetrol, the national oil company ofEquatorial...
KeyFacts Energy provide the following review of global oil and gas discoveries in 2022:
December 2022:PTTEPhas announced another gas discovery in Malaysia from the exploration well, Paprika-1, in Block SK410B. The discovery provides PTTEP with a further development opportunity in Northern Sarawak and supports the company’s long-term growth.
December 2022:Vår Energi ASA, operator of production licence 229 E, completed the drilling...
Vår Energi ASA has confirmed discovery of gas in the Vår Energi operated 7122/9-1 T2 (Lupa) well in the Goliat area, Barents Sea.
Preliminary estimates of the size of the discovery are between 57-132 million barrels of recoverable oil equivalent (9-21 billion Sm3 recoverable gas resources).
Building on the successful 2021 exploration performance, Lupa brings the 2022 exploration success of Vår...
Woodside fully supports policies that aim to bring down cost of living pressures for Australian households. The Federal Government’s broader plan to intervene in the Australian gas market will not meet this objective and could make matters worse.
A policy of such significance, proposed without any meaningful consultation with industry, creates an environment of uncertainty that will result in...
Sarawak Shell Berhad (SSB), a subsidiary of Shell plc, has agreed to sell its stake in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP). The sale concerns non-operated interests of 40% in the Amended 2011 Baram Delta EOR Production Sharing Contract (BDO PSC) and 50% in the SK...