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Oil & Gas

UK North Sea operators eye near-record profits in 2022

Long-term upstream uncertainty shows no signs of abating, but in the short-term, UK operators are riding high according to Wood Mackenzie, a Verisk business.

Neptune Energy awards contract extension to Petrofac for UK services

The contract extension will take effect from 1 January 2022.

Subsea 7 awarded contract offshore Australia

The project work scope covers the engineering, procurement, construction, and installation (EPCI) of subsea pipelines and production systems.

Aker BP awards contracts worth 440 million kroner

Aker BP has awarded contracts to alliance partners for front-end engineering and design (FEED) valued at approximately 440 million kroner.

Woodside and Viva Energy progress LNG regasification agreement

Woodside will discuss with Viva Energy the opportunity to acquire regasification capacity usage rights at the terminal to regasify LNG.

Equinor increases its ownership in the Statfjord field

Spirit Energy’s daily production from the Statfjord area in the third quarter of 2021 was around 21,000 boe per day.

Maersk Drilling awarded one-well exploration contract with OMV in Norway

The contract includes a one-well option to drill the Eirik exploration well.

PETRONAS awards FEED contracts for Sabah’s nearshore LNG project

The project, with a minimum capacity of 2.0 million tonnes per annum (MTPA) is a first of its kind in Malaysia.

PTTEP makes second discovery in Block SK417 offshore Malaysia

Block SK417 is located in the shallow waters, around 90 kilometers off the coast of Sarawak

SBM Offshore signs FPSO Alexandre de Gusmão contracts

FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil

Supply chain alliance supports Buzzard Phase II achieve first oil

BPII is a subsea development in the Northern Area of the Buzzard field located approximately 100 kilometres northeast of Aberdeen

Equinor sells its non-operated position in the Corrib gas project in Ireland

Equinor has entered into an agreement with Vermilion Energy Inc for the sale of the company’s non-operated equity position in the Corrib gas project in Ireland.

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