Oil & gas news

The 10-year PSC grants PPSB the right to develop and produce the petroleum and gas resources from the three fields.

Serica Energy has announced the award of a 100% interest in UK block 29/2a to its wholly owned subsidiary Tailwind Energy Chinook Limited in the UKCS 33rd offshore licensing round. The award is subject to the execution of licence documentation.

North Sea production has received a significant boost with the offer of 27 new licences in areas prioritised because they have the potential to go into production more quickly than others.

DNO ASA, the Norwegian oil and gas operator, has announced that its wholly-owned subsidiary DNO North Sea (UK) Limited has been awarded a 50 % operated interest in Blocks 9/9f, 9/10c, 9/14c and 9/15d in United Kingdom’s 33rd offshore licensing round. Aker BP will hold the remaining 50 % in the licensed area.

Floating production storage and offloading (FPSO) units are on the upward trend in the oil and gas industry because of their flexibility to meet changing demands in an unpredictable market.

RWE and Equinor have signed a new supply contract for between 10 and 15 TWh of natural gas per year from now until 2028.

The company has launched a programme for operators and integrated service providers beginning to plan their well abandonment operations.

TGS, in partnership with SLB and Petrobangla, completed the first phase of a 2D seismic acquisition programme in April 2023.

The floating production vessel, Almirante Barroso, which operates in the Búzios field, in the pre-salt layer of the Santos Basin, reached full production (150 thousand bpd) on 24 October.

Pursuant to a share purchase agreement entered into between Chame Energy Corporation and the company, Chame has agreed to purchase all of the issued and outstanding shares of Renaissance Oil Corp.