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Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore concession was granted by the Abu Dhabi National Oil Company (ADNOC), representing the Abu […]

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Kvaerner bags $481m contract from Statoil for Johan Castberg project

Kvaerner bags $481m contract from Statoil for Johan Castberg project

Norwegian engineering company Kvaerner has bagged a contract of around NOK 3.8 billion ($ 481 million) related to the Johan Castberg project in offshore Norway from Statoil. Under the contract, Kvaerner will construct and install the topside structure for the floating production, storage and offloading vessel (FPSO) of the offshore oil and gas project located […]

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BP’s $1bn Atoll Phase One offshore gas project in Egypt begins production

BP’s $1bn Atoll Phase One offshore gas project in Egypt begins production

British oil and gas major BP has commenced gas production from Atoll Phase One, an offshore gas project that has been developed with an investment of about $1 billion in Egypt. Located in the North Damietta block in the East Nile Delta, the offshore gas project has been completed seven months earlier than expected and […]

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ONGC Videsh led consortium picks stake in offshore Abu Dhabi oil field

ONGC Videsh led consortium picks stake in offshore Abu Dhabi oil field

Oil and gas industry news : Three Indian state-controlled oil firms ONGC,  Indian Oil Corporation (IOC) and Bharat Petroleum have acquired a 10% stake in consortium in an offshore Abu Dhabi oil field – the Lower Zakum oil field for a price of AED2.2bn ($600m). ONGC and Bharat Petroleum are represented by their international arms […]

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CNOOC and partners begin production from Stampede oil and gas project

CNOOC and partners begin production from Stampede oil and gas project

Oil and gas news : China National Offshore Oil Corporation (CNOOC) and its partners have achieved production from the $6 billion worth Stampede oil and gas project, located in the deepwater US Gulf of Mexico. The Stampede oil and gas field is located about 185 kilometres south of Fourchon in Louisiana. The offshore field is […]

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AGL Energy breaks ground on Barker Inlet Power Station in South Australia

AGL Energy breaks ground on Barker Inlet Power Station in South Australia

AGL Energy has broken ground on its AUD295 million ($234 million) Barker Inlet Power Station, a gas fired power plant with a capacity of 210MW, located in South Australia. The new gas fired power plant of the Australian energy company is coming up on Torrens Island near Adelaide alongside the historic 1.28GW Torrens Island Power […]

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Chevron, Total announce Ballymore oil discovery in Gulf of Mexico

Chevron, Total announce Ballymore oil discovery in Gulf of Mexico

Oil and gas news : Chevron and Total have pulled off a major oil discovery in the Ballymore prospect in the US Gulf of Mexico following its drilling. The partners said that the Ballymore well had encountered 205 meters of net oil pay in a high quality Norphlet reservoir, after it was drilled by Pacific […]

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Statoil to use West Hercules drilling rig for Barents Sea exploration

Statoil to use West Hercules drilling rig for Barents Sea exploration

Oil and gas news : Norwegian energy company Statoil and its partners will use the West Hercules drilling rig for Barents Sea exploration following a contract awarded to North Atlantic Norway to use its semi-submersible rig for the drilling of two exploration wells this year. The contract estimated to be $15-20 million for the drilling […]

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Pacifico Energy begins construction of Minami Mega solar project in Japan

Pacifico Energy begins construction of Minami Mega solar project in Japan

Solar industry news : Japanese solar power developer Pacifico Energy has started construction of the 55MW Minami Mega solar project in Japan’s Gifu prefecture in Gujo City. The new Japanese solar power plant will be built on the site of a golf course with operations expected to begin in July 2019, after 17 months of […]

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Northstar Offshore Ventures buys oil and gas assets in Gulf of Mexico

Northstar Offshore Ventures buys oil and gas assets in Gulf of Mexico

Energy acquisition news : Northstar Offshore Ventures has purchased certain oil and gas assets located in the outer continental shelf of the Gulf of Mexico from PetroQuest Energy. Based in Texas, Northstar Offshore Ventures is a 100% owned subsidiary of Orinoco Natural Resources, a Virginia-based natural resources company. The assets acquired by Northstar Offshore Ventures […]

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