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Oil & Gas

KrisEnergy suspends Wassana oil field due to oil price

The Wassana field in the G10/48 concession in the Gulf of Thailand came onstream in August 2015 and comprises a mobile offshore production unit and a floating storage and offloading vessel.

Petrofac awarded significant North Sea well management contract

Petrofac will support IOG’s development of the Southwark, Blythe and Elgood fields in the UK Southern North Sea (SNS).

Petrofac secures Iraq contract extension with Basra Oil Company

EPS has secured a further six-month contract extension with Basra Oil Company for its long-standing Iraq Crude Oil Export Expansion Project.

Petrofac begins North Sea well decommissioning contract

Petrofac’s Engineering & Production Services business (EPS) has begun activity on its previously awarded well decommissioning contract for the Rubie and Renee fields.

MOL and LTW sign a contract to build and charter an LNG terminal ship

The LNG terminal ship will be built by DSME in South Korea

Mammoet lands the biggest-ever contract for the Arctic LNG 2 project

Mammoet will provide unloading, lifting, jacking and skidding services at the purpose-built shipyard near Murmansk

U.S. approves Alaska LNG export project

The Federal Energy Regulatory Commission has authorized the Alaska Gasline Development Corporation (AGDC) to liquefy and export liquefied natural gas (LNG) produced in the North Slope of the State of Alaska.

Qatar Petroleum enters agreement with Total for two exploration blocks

The two blocks cover an area of approximately 3,200 square kilometers

Shell invests in new Nigeria LNG processing unit

Once operational, the new unit, known as Train 7, will add around 8 million tonnes per annum (mtpa) of capacity to the Bonny Island facility, taking the total to around 30 mtpa.

Japan’s first LNG bunkering vessel launched

Operations to Begin in Autumn 2020

Nova module lifted onto Neptune Energy’s Gjøa platform

Neptune Energy and Wintershall Dea today announced the successful lift of the 740-tonne topside module for the Nova development project in the Norwegian North Sea.

Opinion: Producers may need to kill their old, loss-making FPSO’s in this downturn

The swift oil price crash caused by the Covid-19 pandemic will reduce the combined free cash flow of FPSO fields, which have produced above three quarters of their original resources at just $2.20 per barrel this year.

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