Oil & gas news

Otto Energy Limited has provided the following update on the Company’s 50% owned South Marsh Island Block 71 oil project following the ASX announcement by the operator, Byron Energy Limited.

Statoil and partners were the high bidders for four blocks in the Campos basin in Brazil’s 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects.

Sparrows Group has secured a multi-million pound contract with India’s Oil and Natural Gas Corporation (ONGC) for the refurbishment of 21 cranes.

Petrofac has received a letter of award from Vedanta Limited for its Raageshwari Deep Gas Field Development Project located in Barmer, Rajasthan, India.

Sembcorp Marine Ltd has announced that its wholly-owned subsidiary, Sembcorp Marine Rigs & Floaters Pte. Ltd., has secured a contract from TechnipFMC to undertake the Engineering, Procurement and Construction of Hull and Living Quarters for a newbuild Floating Production, Storage and Offloading vessel (FPSO).

Pioneer Natural Resources Company announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10 200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for US$102 million, subject to normal closing adjustments.

Neptune has announced the award of subsea stabilisation services for the Daman field development project in Mumbai High, India.

In Mexico’s shallow water bid round 3.1, Deutsche Erdoel Mexico was awarded two blocks with its partners Pemex Exploration and Production and CEPSA and one block jointly with its partners Sapura E&P and Premier Oil. In all three blocks, the affiliate of the German E&P company DEA, Deutsche Erdoel Mexico will be the operator.

Minor oil discovery north-west of the Gjøa Field in the North Sea – 35/9-13, 35/9-14 and 35/9-14 A

Petróleos Mexicanos and Lewis Energy México signed the first Integrated Exploration and Extraction Contract (CSIEE) for the Olmos field, which is located in the state of Coahuila. The purpose is to assess and develop the Eagle Ford field in Mexico.