Malaysian oil company Petronas Carigali has contracted Tanjung Offshore Services for the delivery of a mobile offshore production unit.Tanjung Offshore Services has won a contract with a consortium Partner VME Process Systems Malaysia. The contract is for the provision of leasing…
Neptune Energy has acquired from Eni a 20% participating interest in the in the East Sepinggan area offshore Indonesia.Eni, with 65% interest, will continue to be the operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia…
Indonesia considers allowing for production sharing oil and gas contracts optionsIndonesia is considering letting energy companies stick with the 'cost recovery' system for oil and gas production sharing contracts, the energy minister said on Monday…
Chairman of the Management Board, NC KazMunayGas (KMG), Alik Aidarbayev and Director General of Tatneft Nail Maganov signed the Roadmap on Introduction of the Tatneft Best Practices in the Petroleum Industry of the Republic of Kazakhstan. The implementation period is 2020…
U.S. crude production remained close to a record level in June but growth has slowed significantly since the end of last year in response to lower oil prices and the slowdown is set to extend into 2020.Crude output averaged 12.1 million barrels per day (bpd) in June…
Russian oil producer Gazprom Neft said that its subsidiary Gazpromneft-Badra has now produced 13.5 million tonnes — or 100 million barrels — of oil in Iraqi oil field.Cumulative production at the Badra field in the five years since this asset…
The US-based energy solutions provider AMSC announced it has received a $9 million order for its 5.5 MW wind turbine electrical control systems from the Korean power company Doosan Heavy Industries & Construction (DHIC)AMSC signed an agreement…
Rear Adm. John Nadeau, who recently took command of the Eighth Coast Guard District in New Orleans, convened a formal investigation last week for the incident that occurred onboard the offshore production facility Auger, June 30, 2019.Crewmembers…
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…
Williams, the provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks, acquired a deepwater natural gas pipeline system that connects offshore output to its Mobile Bay processing plant…
Russian largest independent gas producer and LNG player Novatek has begun commercial production at the South-Khadyryakhinskoye gas field, whose capacity is estimated at about 1 bcm of natural gas per year.“The South-Khadyryakhinskoye field is…
Italy's Lombardy Region and Italian energy company Eni signed a Memorandum of Understanding (MoU) for long-term sustainable growth at Eni’s refinery in Sannazzaro de' Burgondi.Attilio Fontana, President of the Lombardy Region, and Giuseppe Ricci…
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)…
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, said Rystad Energy.Royal Dutch Shell started producing oil and gas this month at its Appomattox platform in the deepwater GoM several months ahead of its expected startup in 3Q 2019…
Norwegian authorities have formally approved the plan for development and operation (PDO) of the second phase of the Johan Sverdrup field, Equinor announced on Wednesday. The Norwegian energy company said the NOK 41 billion ($4.7 billion) project…
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