Oil & gas news
Estimated costs for UKCS decommissioning continue to fall, according to OGA
Estimated decommissioning costs have, to date, reduced by 19% since the OGA began benchmarking in 2017.
BHP to sell interest in Bass Strait venture
The Bass Strait JV is co-owned and operated by ExxonMobil, which has also put its 50% stake up for sale.
Halliburton awarded digital transformation project by PTTEP
Halliburton will design and implement digital transformation projects to improve efficiency and production in four of PTTEP's offshore fields.
Lundin Energy appoints new CEO
Nick Walker will become President and CEO of Lundin Energy following Alex Schneiter’s decision to step-down from the position.
Qatar Petroleum acquires interest in Angola offshore block
Qatar Petroleum has acquired a 30% participating interest in Block 48, located in the ultra-deepwaters offshore Angola.
Oil keeps gains, but prices stay in the waiting room ahead of OPEC's meeting
Oil prices hold on to their gains as another weekly crude storage relief is expected to be announced by the US API institute today, a day before OPEC+ meets.
Neptune Energy and Eserv to work on digitisation of Cygnus platform
The partnership with Eserv is part of the first phase of Neptune Energy’s strategy to “digitise” its assets and processes.
Drilling begins at West Newton
West Newton could represent the largest UK onshore oilfield discovery in decades.
API welcomes approval of Coastal Plain Oil and Gas Leasing Program in Alaska
The US Department of Interior has approved drilling in 1.56 million acres of the Arctic National Wildlife Refuge in Alaska.
Winners announced at the 34th Offshore Achievement Awards virtual ceremony
BP and Pale Blue Dot Energy were joint winners in the ‘Energy Transition for Future Generations’ category.