Oil & gas news

Siemens Energy will supply both the power generation and compression packages for the Petrobras-operated P-78 FPSO.

Surging oil, gas and power prices, the EU’s goals of becoming less dependent on Russian supplies, and post-Covid-19 pandemic inflation will catapult global energy spending this year.

Gas production will be doubled from the Duva field in the North Sea, enabling an increase of 6500 boe/d from the first half of April.

The transaction includes the undeveloped Cambo and Rosebank fields in the UK North Sea.

A Wood Mackenzie report examines the levers the North Sea can pull to increase production and argues indigenous oil and gas still has a major role to play.

Equinor and partner Cenovus Energy have not yet made a final investment decision on whether to build the Bay du Nord offshore project.

Cervantes-1, an oil exploration well in the onshore Perth Basin licence L14, failed to encounter hydrocarbons.

Cloudbreak Discovery, Gondwana Petroleum Namibia Pty Ltd., Timeworn Investments Pty Ltd., Pioneer Oil and Gas Consulting CC and a Swiss-based asset manager will jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.

The offshore works saw the recovery of 135 concrete mattresses, more than 12 km of rigid pipelines, 15.5 km of flexibles, and around 1500 grout bags.

Valued at approximately US$60 million, the 60-month contract encompasses services and expertise to support Cairn’s Mangala Processing Terminal located in Rajasthan, India.