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oil and gas news
Fresh cooperation in the oil and gas sector is set between Malaysia & Vietnam. Prime Minister Tun Dr Mahathir Mohamad said, through the countries’ respective petroleum companies, Petronas and Vietnam Oil and Gas Group (PetroVietnam), this would be undertaken. Petronas and PetroVietnam signed a binding Heads of Agreement (HoA) for the sale and purchase of...
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Uk North Sea could see more decades of the basin’s lifespan through the pioneer of a new microbial technology which will soon be trialled. This could help save people’s jobs and “kick decommissioning down the track”. An estimate of 35% is a standard recovery rate from an oil reservoir while the rest has stayed stubbornly...
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A small oil discovery was made in production license 167 at the Utsira High in North Sea, by Equinor along with its respective partners Lundin and Spirit Energy. In the summer of 2019, an oil discovery was made in the Lille Prinsen Outer Wedge Well, located 1 km west of Lille Prinse Main. It is...
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For a drilling job in the central North Sea, Fraser Well Management was hired by Corallian Energy as an operator for its Curlew-A. It is expected that FWM’s Aberdeen-based team to start the drilling of the well in the first half of 2020. Currently, the Ocean Endeavour by Gardline is conducting the site survey. Source:...
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Notified by the UK Oil and Gas Authority, Australian-based Talon Petroleum has successfully joined a joint bid alongside with Netherlands-based partner ONE-Dyas. This was for a license over Block 1430b via the UK 31st Supplementary Offshore Licensing Round. The license contains the Thelma Prospect, a Burns Sandstone stratigraphic trap and a 29mmbo (gross best estimate)...
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Aker BP, a Norwegian oil exploration & development company struck an oil column in the primary exploration target of 28 metres in sand layers at the wildcat well 25/2-21. (Liatårnet) The discovery made by Aker BP, operator of production license 442 in the North Sea had good reservoir quality. The 9th exploration well in production...
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For the first time in a week, oil fell due to the slowing global economy that took more prominence over geopolitical tensions. With this happening, investors are waiting for clues on the Federal Reserve’s rate-cut path. Despite Futures in New York losing 0.3%, it declined as much as 0.6% on Monday. The Fed Chairman, Jerome...
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Wood, an oilfield services provider, secured two new contracts for onshore and offshore facilities in Norway from Equinor, Norwegian oil giant. For more than 2 decades, the contract essentially continues his track record in delivery engineering and technical service to Equinor both locally and globally, Wood stated. The contract was awarded following concept study work...
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Equinor, a Norwegian oil giant plans to extend the life of offshore platforms with a number of more than 20 in Norway. On Thursday, the company said that authorities had given their approval for the life extension of 8 installations on the Norwegian continental shelf (NCS) for the past 3 years. The company added that...
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Equinor with its partners, Ineos E&P and Faroe Petroleum have discovered oil and gas from the Snadd Outer Outer/Black Vulture exploration well in the Norwegian Sea. Snadd Outer Outer is the well’s first target found to contain gas. The second target, Black Vulture, discovered oil upon further drilling. Equinor said that there was a total...
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