Petrofac supports Greater Buchan development
An international oil and gas industry, Petrofac has been awarded a contract to support the concept appraisal and selection phase of Jersey Oil and Gas (JOG) Greater Area Development in the North Sea.
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Dolphin Drilling secures semi sub-contract with Shell
Global contractor Dolphin Drilling has secured a new contract with AS Norske Shell in Norway to provide support for the drilling on the Knarr field starting in early 2020.
Rising interest in Angola’s oil sector – DRC
Democratic Republic of the Congo (DRC) has expressed interested to cooperate with Angola in the oil field to develop the sector, after the newly discovered product in the neighboring country.
Experts encourage Investing in Offshore Driller
There has been multiple good signs that the global offshore drilling market is growing past its bad days but investors are still skeptical about buying narratives that offshore investor rig provides.
Eni starts work on new gas field off Egypt
Eni announces the success of its commissioning and start-up of production at the offshore Baltim South West gas field in Egypt.
Global oil stocks can cover Saudi Arabian supply gap
Russian Energy Minister, Alexander Novak, on Monday, told reporters that the Global commercial oil inventories will cover the deficit in the oil market because of the attacks on major oil infrastructure in Saudi Arabia.
Solo Oil declares exit on Burj investment
A sale and purchase agreement has been signed by Solo Oil to exit its 20% investment in Burj Petroleum Africa, a company that had applied for various undeveloped fields in the 2014 Nigerian Marginal Fields Bid Round.
Snam set sight on US pipeline Assets
According to sources, Europe’s powerful gas pipeline operator, Italy-based Snam intends to lay a bid for a piece of Energy Transfer Partner’s $6 billion natural gas pipeline.
Mexico set to go ahead with oil Hedge
Exclusive Reuters sources revealed yesterday that right after the queries raised about Mexico’s multi-billion-dollar restrained oil hedge surfaced last month, the state is now going ahead with the hedging program.
Sonadrill secures Nine-well contract in Angola
Sonadrill has secured a nine-well contract with six options in Angola for the new-build Libongos drillship.
The total contract, which is estimated to be valued at $101 million, is expected to start on September 23, 2019, and ends on January 30, 2021.
The Libongos is the first of two Sonangol-owned drillships to be bareboat chartered into…