Author hkrichiedistribution
Petrofac has signed an agreement to sell its remaining 51% interest in its operations in Mexico, including Santuario, Magallanes and Arenque, to Perenco International. The terms of the transaction are substantially the same as the sale of a 49% non-controlling interest to Perenco in October 2018. The transaction is subject to regulatory approval and is
Talos Energy has entered into two separate agreements with BP and Exxon Mobil related to new exploration opportunities in the U.S. Gulf of Mexico. The Company will work with BP to drill and evaluate the Puma West prospect, located in Talos-owned Green Canyon Block 821, in the fourth quarter of 2019. Additionally, Talos has acquired
Saudi Arabia is fixing its energy infrastructure and restoring crude production, but the weekend’s attacks may have done irreparable damage to one of the kingdom’s greatest assets — its role as guardian of global oil markets. For decades, Riyadh has kept a buffer of spare production capacity that was used as shock-absorber during times of
Exxon Mobil Corp. is again trying to sell its oil and gas operations in southeast Australia as part of a move to shed assets and boost shareholder returns. The U.S. supermajor “will be testing market interest” for global assets, including what it operates in Australia, the company said in an emailed statement. No buyers have
Norway based regulator, Petroleum Safety Authority ‘PSA’ carried out an audit of Okea AS (Okea) and the planning of their first drilling operations on the NCS Regulator stated that, on 28 August 2019, PSA carried out an audit of Okea’s planning and preparations for drilling appraisal wells 6407/9-11 and 6407/9-12. The wells belong to production
The Pentagon is preparing a report on who was responsible for the weekend attack on Saudi oil facilities and intends to make it public within 48 hours, a U.S. defense official said. The official couldn’t confirm or deny a CBS News report that the U.S. has identified locations in southern Iran from which it believes
Saudi Arabia attempted to move beyond the worst oil disruption in its history, assuring the world that crude exports will not suffer, its damaged facility had partially restarted and production capacity would be back to normal within months. The long-awaited statement on Tuesday from the kingdom — which before the strike pumped almost 10% of
Commenting on the news of the ExxonMobil sale, Wood Mackenzie research director Angus Rodger said, “ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market. As a pivotal producer on the east coast, the assets play a key role in supplying gas to Australia’s
Saudi Arabia joined a U.S.-led coalition to secure sea lines vital to oil shipping in the Middle East in the aftermath of a devastating attacks on Aramco’s oil facilities. The International Maritime Security Construct’s area of operation covers the Strait of Hormuz, the world’s most critical waterway for oil supplies, the Strait of Bab al-Mandab,
Wood has been appointed to deliver brownfield modifications services to Equinor’s Martin Linge offshore installation on the Norwegian Continental Shelf. Awarded under an existing framework agreed in 2016, Wood is the main contractor for maintenance, repair and modifications on the facility which was installed in July 2018. Martin Linge is scheduled to come on stream