Brazil’s oil and gas giant Petrobras has concluded the sale of the totality of its stake in the Papa-Terra production field located in the Campos Basin to 3R Petroleum Offshore. With this, 3R Offshore assumes the condition of operator of the field with a 62.5 per cent stake, in partnership with Nova
Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) has made another gas discovery at Block SK410B offshore Malaysia. PTTEP’s subsidiary PTTEP HK Offshore (PTTEP HKO) began the drilling of the Paprika-1 wildcat well in Block SK410B in July. The well was drilled to a total
UK-based energy giant BP and the Government of Indonesia have concluded a 20-year extension of the Tangguh production sharing contract (Tangguh PSC), enabling BP to further develop the largest gas-producing field in Indonesia. On 23 December, BP announced that the Indonesian government granted the e
Offshore drilling contractor Seadrill has entered into an agreement to acquire Aquadrill, formerly known as Seadrill Partners, in an all-stock transaction that values the UK firm at $958 million. Following completion, Seadrill shareholders and Aquadrill unitholders will respectively own 62 per cent
UAE-based Shelf Drilling has secured three-year contracts for two of its jack-up rigs for work offshore India, as well as a one-year contract for a rig to operate off the coast of Nigeria. Shelf Drilling reported that Compact Driller and Key Singapore had been appointed for operations in Mumbai High
Two European gas trading companies have been fined a total of €4.8 million by the Spanish National Markets and Competition Commission (CNMC) for failing to comply with the LNG unloading programs in Spanish regasification companies. On 22 December, the CNMC informed it had sanctioned RWE Supply & Tra
Norwegian oil and gas company Vår Energi has made what is said is the “largest discovery of the year” in the Goliat area in the Barents Sea offshore Norway. Vår Energi confirmed on 23 December the discovery of gas in its operated 7122/9-1 T2 Lupa well. Preliminary estimates of the size of the discov
Italian oil and gas company Eni has launched the second floating liquefied natural gas (FLNG) project in the Republic of Congo to increase production and export. To this end, Eni has signed a contract with Chinese shipyard Wison Heavy Industry for the construction and installation of an FLNG unit wi
Aker Solutions has won a contract from Wintershall Dea to provide the subsea production system for the Dvalin North development offshore Norway, shortly after the plan for the development and operation (PDO) of the gas field was submitted. The Dvalin North gas field is located around 200 kilometers
QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) have signed a new agreement for the continued development and production of two oil fields located in Qatar’s territorial waters. Under the five-year deal, QPD, owned by Cosmo E&P and Sojitz, will continue to act as the operator of th
RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured C
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on behalf of the Federal Government, is planning to hold a mini-bid round for seven offshore blocks in order to spur new exploration and drilling activities in the country’s deep waters. The seven blocks in the Mini Bid Round cover an ar
Brazilian oil and gas giant Petrobras has awarded Norwegian seismic company PGS with a 4D production contract over the Barracuda-Caratinga field in the Campos basin offshore Brazil. The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo a
International Petroleum Corporation (IPC) has signed a letter of agreement with Petronas for the extension of the Block PM 307 Production Sharing Contract (PSC) covering the Bertam Field offshore Peninsular Malaysia. IPC Malaysia is the operator and holds a 90 per cent participating interest and IPC
