Oil & gas news
Aker Solutions awarded maintenance and modifications work by Aker BP
The work covers Aker BP's Ula, Skarv, Valhall and Tambar fields offshore Norway.
Neptune Energy announces major milestone for Touat gas facility
Neptune Energy have announced a major milestone for the Touat gas facility in Algeria, with operatorship having been formally passed to Groupement Touat Gaz (GTG).
Oil prices decline amidst continuous rise in Covid-19 infections
Oil prices declined this morning, as traders priced in the continuous rise of Covid-19 infections and the consequences that may follow as a result.
Energean to acquire Edison E&P for revised total
The reduction is a result of an agreement to exclude Edison's Norwegian assets from the transaction.
NPD predicts half of Norwegian petroleum production will be powered from shore by mid-2020s
Running 16 fields on the Norwegian continental shelf with power from shore will mean that total CO2 emissions will be about 3.2 million t lower per year than they otherwise would have been.
Jadestone Energy acquires 90% interest in Lemang PSC
The Lemang PSC is located onshore Sumatra, Indonesia, and includes the Akatara gas field.
Guyana short-lists companies to market its oil
19 companies, including ExxonMobil, BP, Total, Shell, Equinor, Petrobras and PetroChina, have been approved by Guyana's government for the next phase of the selection process.
Chesapeake Energy files for bankruptcy protection
The shale company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas.
Tendeka VP joins OGTC board
Gillian King will work with CEO Colette Cohen and new Chair, Martin Gilbert, to shape the overall strategic direction and long-term success of the Oil & Gas Technology Centre.
Rystad Energy: Norway tax relief to cut breakevens by 40%, boosting rig demand
The temporary tax relief package for the petroleum industry that Norway recently approved could improve exploration and production companies’ short-term liquidity and reduce breakeven prices for future development projects by about 40% on average.