Oil and Gas Regions news - page 224


Total in Talks to Sell North Sea Assets

Dec 21, 2018

French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.In July, four banking sources told Reuters…

French Wind Power Generation Jumps

Dec 21, 2018

Electricity generated by French wind turbines rose 18.8 percent in November to 2.78 terawatt hours (TWh) due to increased wind capacity connected to the grid and favorable weather conditions, grid operator RTE said on Friday.Electricity generated by renewable sources…

BP Green-lights Greater Tortue Ahmeyim Project

Dec 21, 2018

BP and its partners announced on Friday that the green light has been given for the first phase of the Greater Tortue Ahmeyim project off the coast of Mauritania and Senegal.The cross-border development, a first for the two West African nations and Africa's deepest offshore project at 2…

Russian OPEC Coordinator Marshavin Leaving Energy Ministry

Dec 21, 2018

Roman Marshavin, one of the Russian Energy Ministry officials who orchestrated the 2016 landmark deal with OPEC, is leaving his job, four government sources told Reuters on Friday.Alexei Gospodarev from the ministry of industry and trade may…

Norwegian Sea Well Comes up Dry for Lundin Petroleum

Dec 20, 2018

Europe's oil and gas exploration and production company with operations focused on Norway Lundin Petroleum AB  said that its wholly owned subsidiary Lundin Norway AS  has completed the drilling of the Silfari exploration well 6307/1-1S located in PL830 in the Norwegian Sea…

ExxonMobil Shelves Canada LNG Export Project

Dec 20, 2018

U.S. oil major Exxon Mobil Corp has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, signalling that the project has been shelved.The decision to pare its LNG project…

Faroe Rebuffs DNO Again

Dec 20, 2018

Britain's Faroe Petroleum reiterated on Thursday its opposition to a hostile bid by Norway's DNO, which it said was 'inadequate' and substantially undervalued the Aberdeen-based firm.DNO, which last week maintained its offer to buy Faroe in…

Husky Energy Cuts 2019 Capex

Dec 20, 2018

Canadian oil and gas producer Husky Energy Inc on Thursday cut its 2019 capital expenditure program by about 8 percent, or C$300 million, citing Alberta's mandatory curbs on output and lower oil prices.The company now expects 2019 capital expenditure of C$3…

US Crude Inventory Drops for Third Week

Dec 20, 2018

U.S. crude inventory declined again last week. The latest weekly survey by the U.S. Energy Information Administration (EIA) indicates an inventory fall of 0.5 million barrels in the week ended December 14. While only a small drop, it is the third decline in a row…

EDF, Shell Form JV for New Jersey Offshore Wind

Dec 19, 2018

The independent power producer EDF Renewables North America and  Shell New Energies US,  offshore wind company in the U.S,  have formed a 50/50 joint venture, Atlantic Shores Offshore Wind to develop a lease area within the New Jersey Wind Energy Area (WEA)…

Italy's Saipem Strikes Deal with Turkish Renaissance for Arctic LNG-2

Dec 19, 2018

Italian oil and gas industry contractor Saipem and Turkey's Ronesans signed a joint venture (JV) agreement for infrastructure construction for Russian Federation's Arctic LNG-2 project.Saipem said the contract for the construction of the project is worth EUR 2…

Aqueos Supports South Texas-Tuxpan Gas Pipeline

Dec 19, 2018

Aqueos Corporation said it has completed a major diving scope for the installation and commissioning of the South Texas-Tuxpan Gas Pipeline. The South Texas-Tuxpan Gas Pipeline is being constructed by a joint venture between TransCanada (60%) and Sempra Energy’s Mexican unit IEnova (40%)…

Iraq in Deal with Schlumberger to Drill in Majnoon

Dec 19, 2018

Iraq has agreed a deal with U.S. company Schlumberger Ltd to drill 40 wells in the giant Majnoon oilfield, the Oil Ministry said on Wednesday.Iraqi Oil Minister Thamir Ghadhban said in a statement that the agreement with the oil services firm was aimed at boosting production from Majnoon…

Norway November Oil, Gas Output Missed Forecast

Dec 19, 2018

Norway's November oil and gas output was lower than originally expected due to a collision between a navy frigate and an oil tanker that triggered shutdowns of major export facilities and several offshore fields, the country's oil regulator said…

OMV Joins ADNOC for Ghasha Gas Project

Dec 19, 2018

Austrian oil and gas group OMV signed a concession agreement with Abu Dhabi National Oil Company (ADNOC) for a 5 percent stake in the Ghasha offshore gas and condensate fields, strengthening its position in the region, it said on Wednesday.The…

Current News

Argentina YPF to Shed Offshore Exploration Projects

Cairn India Might Invest in US Oil Servicing Firms to Increase Production

All Gas from Conrad’s Mako Field to be Sold to Indonesia’s PLN

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

Shell Hires Noble’s Drillship for Work in Southeast Asia

Second Hai Long Substation Heads to Project Site Offshore Taiwan

Shell Launches Next Phase of Malaysia's Deepwater Project with First Oil Production

CNOOC Discovers ‘Vast Exploration Prospects’ in China’s Beibu Gulf Basin

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

Japan and South Korea Look to Partner Up with US for Alaska Pipeline

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