Oil & gas news

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.

Gaffney Cline and Associates has been commissioned by the operator on behalf of the Duyung PSC partners to update its view of the Mako field.

Mozambique’s oil and gas regulator, the National Petroleum Institute, and senior representatives from SOCAR, the State Oil Company of the Azerbaijan Republic, will be actively promoting business opportunities for UK subsea companies at Subsea Expo.

The company has reported 4Q19 revenues of US$2.28 billion, an increase of 7% compared to 3Q19 and a decrease of 5% compared to 4Q18.