TechnipFMC announced on Tuesday it has been awarded a contract by PetroVietnam Gas for the engineering, procurement and construction (EPC) of the Nam Con Son 2 Phase 2 pipeline across Nam Con Son basin and Cuu Long basin in Vietnam.The scope…
Oil and gas pipeline company Energy Transfer LP said on Monday it would buy smaller rival SemGroup Corp for $1.35 billion and build a 75-mile oil pipeline to strengthen its oil transportation, terminalling and export operations.Energy Transfer…
Natural gas flaring in the Permian dropped in the first quarter of 2019 – the first drop in one-and-a-half years, according to energy research firm Rystad Energy.Rystad Energy has been closely monitoring the level of natural gas flaring in the Permian since 2017…
The two largest U.S. oil and gas companies on Tuesday left the door open for more acquisitions in the country's top shale field.Exxon Mobil Corp expects to see industry consolidation to happen 'over some period of time,' in the Permian Basin in west Texas and New Mexico…
Though the Permian Basin still dominates US land drilling, the pace of growth in this region has slowed significantly.Older tight oil wells decline by 20% per year without material intervention, according to Rystad Energy.Contrary to common belief…
Nigeria and West Africa-focused oil and gas exploration and development company Lekoil has agreed to acquire, subject to the receipt of the required consents, a 45% participating interest in the production sharing contract (PSC) in relation to the oil prospecting licence (OPL) 276…
Australia's No.2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.Santos acquired Quadrant Energy last year in a $2…
Qatar's sovereign wealth fund Qatar Investment Authority (QIA) has purchased a significant stake in US-based Oryx Midstream Services, the largest privately held crude midstream provider in the Permian Basin.The stake was acquired from an affiliate of Stonepeak Infrastructure Partners…
The increased output from the Permian Basin, located in West Texas and Southeastern New Mexico, has been the biggest contributor to the growth of super majors.A handful of industry insiders have recently speculated that the Permian may be on its way out…
Australian upstream oil and gas exploration and production company Cooper Energy announced the semi-submersible drilling rig Ocean Monarch, operated by Diamond Offshore, has commenced mobilisation from the Gippsland Basin to the Otway Basin where it is to drill 2 offshore gas exploration wells…
Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited, a unit of Eni in the Kutei basin production sharing contracts (PSC) offshore Indonesia…
US based ExxonMobil said on Tuesday it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block.The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells…
As spot prices in the region have remained near or below zero, natural gas flaring and venting in the Permian Basin in Texas and New Mexico reached a new all-time high in the first quarter of 2019, averaging as much as 661 million cubic feet per day (MMcfd)…
Danos has recently entered into a contract with an independent land company based out of Dallas, Texas, to transition 50-60 crew members in a variety of positions. The transition will take place over the coming weeks to support water transfer at water treatment facilities in Midland and Orla…
Demand for sand to be used by the oil and gas industry in hydraulic fracturing operations in the US is set to grow by 10% in 2019 and 17% in 2020, said a report.According to Rystad Energy, frac sand supply, on the other hand, is forecast to…
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week
