Following the start of production from an oilfield located in the South China Sea, Chinese oil and gas giant CNOOC Limited has kicked off production from another development, this time in the Bohai Sea. CNOOC Limited announced on October 27 that the Penglai 19-3 Oilfield Area 5/10 development projec
ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will
Texas-based oil and gas services company Trendsetter Engineering has completed the delivery of subsea equipment for Woodside Energy’s field in the Gulf of Mexico, recently brought on stream. Under the contract secured in 2021, the Houston-headquartered company delivered two subsea manifolds, two hig
Norwegian oil and gas company OKEA has made an oil discovery near the Brage field in the North Sea. According to the Norwegian Petroleum Directorate (NPD), between 0.2 and 0.5 million Sm3 of recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea
Italy’s Rosetti Marino has secured an engineering, procurement and construction (EPC) contract, said to be worth more than €300 million, with compatriot Saipem for work offshore Libya. Under the contract, Rosetti Marino is in charge of the construction of a gas recovery module (GRM) of approximately
Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte
Chinese oil and gas giant CNOOC Limited has commenced production from an oilfield development located in the South China Sea. CNOOC reported on October 25 that the Enping 18-6 oilfield development project had commenced production. The project is located in the Pearl River Mouth Basin of the South Ch
France-headquartered energy major TotalEnergies has announced the commissioning of the Cape Ann, the floating storage and regasification unit (FSRU) for liquefied natural gas (LNG) located in the port of Le Havre. The company informed that the terminal injected its first megawatt-hours (MWh) of gas
Italy’s energy giant Eni has signed a sales and purchase (SPA) agreement with Indonesia’s Merakes LNG Sellers to secure additional 0.8 billion cubic meters (bcm) per year of LNG. The agreement comes into effect in January 2024 and will run for three years, in addition to the contract with Jangkrik L
Aker BP and ConocoPhillips Skandinavia have commenced production from the Kobra East & Gekko (KEG) oil and gas fields located on the Norwegian shelf a couple of months earlier than estimated. When submitting the plan for development and operation (PDO) for KEG to the Norwegian Ministry of Petroleum
Norwegian Vår Energi and Equinor have approved concept selection (DG2) for gas export from the Goliat oil and gas field to the Snøhvit pipeline for further transport to Hammerfest LNG. Operated by Vår Energi (65%) with Equinor as a partner (35%), Goliat is located in the Barents Sea, approximately 8
The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th
The North Sea Transition Authority (NSTA) is ready to agree a two-year extension to the second term for the Pilot license to UK-headquartered oil and gas company Orcadian Energy. As announced in September, Orcadian entered into a non-binding heads of agreement (HoA) with a North Sea operator which p
Finland’s National Bureau of Investigation (NBI) has clarified technically the cause of the Balticconnector gas pipeline damage, stating that the Newnew Polar Bear vessel, flying the flag of Hong Kong, is believed to have caused it. The NBI stated at a press conference on October 24 that it had made
