Faroe Petroleum, an oil and gas company focusing principally on Norway and the UK, has signed two banking facilities, which will provide finance for the company’s growth plans and costs for the Norwegian activities. According to Faroe’s statement on Tuesday, the two facilities are $250 million Reser
Total of France on Tuesday said it has acquired a 23 percent stake in Tellurian Investments for a US$207 million, gaining access to the proposed Driftwood LNG project.
The Papua New Guinea Government has announced it will deploy the military near the ExxonMobil-operated $19 billion PNG LNG project due to what it says rising tensions between tribes in Hela province in the highlands. PNG’s Cabinet has approved a call-out of the Papua New Guinea Defence Force (PNGDF)
Cheniere’s second liquefaction and export project, Corpus Christi, located on the U.S. Gulf Coast has reached 47.1 percent completion.
Kinder Morgan Louisiana Pipeline filed an application with the Federal Energy Regulatory Commission to increase north-to-south capacity by at least 600,000 Dth/d to be delivered to Cheniere’s Sabine Pass LNG terminal.
Brazil’s Petrobras has hired Benthic, a geosciences company, to carry out an offshore geotechnical investigation in the Libra field, offshore Brazil. Benthic’s PROD (Portable Remotely Operated Drill) will perform in-situ testing and sampling to a maximum penetration depth of 80 meters below the mudl
The United States Department of Energy has issued an order granting Elba Island liquefaction project the authorization to export LNG to non-free trade agreement nations.
Petrobras’ sale of Baúna and Tartaruga Verde assets, offshore Brazil, to Karoon is still on hold following the court’s rejection of the Brazilian company’s appeal. Petrobras and Karoon started negotiating the sale of an operated 100% interest in the Baúna oil project and a non‐operated 50% interest
Australia’s National Offshore Petroleum Titles Administrator (NOPTA) has approved the transfer of equity and operatorship of exploration permit WA-409-P off Australia from Cue Energy Resources to BP. Cue said on Tuesday that the confirmation completes the transaction announced by the company on Octo
U.S.-based offshore drilling contractor Atwood Oceanics has secured a one-well drilling services contract from Australian LNG player Woodside. Atwood said in a statement that one of its units agreed the contract with Woodside for the ultra-deepwater rig, Atwood Osprey, offshore Australia. The contra
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has identified four non-conformities during a risk assessment audit on Prosafe’s flotel Safe Zephyrus. The PSA said on Tuesday that the non-conformities relate to mapping and risk assessment, prioritization, implementation and verificat
A recent hackathon organized in the UK has attracted more than 100 professionals from across sectors to see how new and ‘new to wells’ technologies can transform the way wells are constructed and drilled on the UK Continental Shelf. The hackathon saw the Oil and Gas Authority, Technology Leadership
The Asian Development Bank has agreed to provide a US$400 million loan to support the expansion of Indonesia’s Tangguh LNG production facility.
Partners in the Tamar natural gas field offshore Israel said they are still in talks with Spain’s Union Fenosa Gas to supply gas to UFG’s liquefaction facilities in Damietta, Egypt. The Tamar partners had signed a non-binding agreement with UFG in 2014 to supply 2.5 trillion cubic feet (Tcf) of natu
