Oil & gas news

The Bureau of Ocean Energy Management will offer over 78 million acres for a region-wide lease sale scheduled for 18 March 2020.

The ultra-deepwater drillships Noble Bob Douglas, Noble Tom Madden and Noble Don Taylor, which are currently executing drilling assignments for ExxonMobil offshore Guyana, are included in the framework agreement, and other drilling rigs may be added to the agreement.

The organisers of Future Oil & Gas have announced the 2020 Advisory Board and agenda for the 4th annual high-level conference and exhibition taking place at P&J Live in Aberdeen, UK, on 9-10 June 2020.

Aker BP will hold a 35% interest in licence 838, which contains the Shrek discovery, and a 88.0825% interest in licence 127C, which contains the Alve Nord discovery and the Alve NE prospect.

Oceaneering is to provide comprehensive riserless light well intervention services offshore Angola in Blocks 18 and 31.

TGS has reported net segment revenues of US$232 million for 4Q19, a growth of 23% compared to US$188 million in 4Q18.

Petrofac has signed an exclusive partnership agreement with MODS, a digitalisation and dimensional control service company, to deploy its flagship product ‘Virtual Manager Enterprise’ (VME) at scale in the North Sea.

Rystad Energy is heavily revising its annual global oil demand growth forecast down by 25% to 820 000 bpd in 2020.

The company is to design and support installation of a Sea Swift offshore platform off the coast of Angola.

The company is to deliver a 10 km length of thermoplastic composite pipe (TCP) to a supermajor in West Africa.