Petronas has awarded the PSC for two offshore fields under the newly introduced Small Field Asset PSC terms, to Vestigo Petroleum.
Equinor and partners Total and Vår Energi have struck oil and gas in a new segment belonging to the Tyrihans field in the Norwegian Sea.
TechnipFMC has secured a subsea contract from Petrobras for the supply of manifolds for the Marlim and Voador fields, located offshore Brazil.
The Spirit Energy-owned York gas field located has been given another three years of life following a successful life extension project.
Offshore rig owner Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP.
Norwegian oil and gas company Aker BP has completed the well plugging operation at Valhall field six years earlier and more than NOK 5 billion ($603 million) cheaper than originally planned.
Maersk Drilling has been awarded a contract with Karoon to perform well intervention at the Baúna field offshore Brazil.
Norway’s safety watchdog has given its consent to Aker BP to use the Deepsea Stavanger rig for the Skarv field wells.
Norwegian oil production in March 2021 was less than one per cent below predictions made by the Norwegian Petroleum Directorate (NPD).
Azinam Limited and Panoro Energy have received governmental approval and closed the previously announced farm-out agreement on Block 2B offshore South Africa with Africa Energy.
Australia’s Carnarvon Petroleum has completed the farm-out of the Buffalo project, located offshore Timor-Leste, to Advance Energy.
Offshore rig owner Awilco Drilling has been awarded a contract with Ithaca Oil and Gas Limited for the provision of the WilPhoenix rig.
The first appraisal well on the CNOOC-operated Glengorm gas field in the UK central North Sea has found “no commercial hydrocarbons”.
Canadian oil and gas companies Frontera Energy and CGX Energy have entered into a term sheet for a $19 million loan that will enable CGX to continue to finance its share of costs related to the Corentyne, Demerara, and Berbice blocks off Guyana.
