Oil & gas news

Australia will account for all floating production, storage and offloading vessels (FPSOs) planned for deployment in Oceania during 2019–2025, according to GlobalData.

The Norwegian Petroleum Directorate has approved operator Equinor’s application for extended technical lifetime for the Åsgard A facility in the Norwegian Sea until 2027.

Jadestone Energy Inc. is pleased to provide an update on production and hedging for the Montara asset, located offshore Australia (Jadestone 100%).

The company’s wholly-owned subsidiary Lundin Norway AS has entered into an agreement with Lime Petroleum AS to acquire its entire Utsira High acreage position covering the Rolvsnes and Goddo basement area.

Aberdeen-based energy services firm, Ardyne Technologies, is set to enter a new phase of growth after receiving a major funding package from Clydesdale and Yorkshire Bank.

The Abu Dhabi National Oil Company (ADNOC) has signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new trading joint venture, which will be jointly established by the three partners.

Europa has a 30% working interest in licence PEDL 180 in the East Midlands which holds the Wressle oil discovery, alongside Egdon (operator, 30%), Union Jack Oil (27.5%), and Humber Oil & Gas Limited (12.5%).

Subsea oil and gas engineering firm, Interventek, will unveil the development of the industry’s first subsea shear-and-seal safety valve powered by an integrated gas accumulator at next week’s Subsea Expo show in Aberdeen, UK.

Jon Clark, EMEIA Leader for Oil & Gas Transaction Advisory Services at EY, comments on the recently published report by the National Audit Office identifying UK taxpayers’ potential exposure to £24 billion of North Sea decommissioning costs.

The company has announced that it has entered into a collaboration agreement with Marnavi Offshore.