UAE-based oil and gas company Mubadala Petroleum has announced first gas production from the Pegaga gas field in Block SK 320, offshore Malaysia.Mubadala Petroleum is the Operator of Block SK 320 containing the Pegaga field, with a 55 percent interest. Petronas Carigali Sdn Bhd, a subsidiary of Petronas, holds 25 percent, with Sarawak Shell Berhad holding the remaining 20 percent interest. The Pegaga field was discovered during the 2013-2014 drilling campaign…
Sapura Energy said Monday that Brunei Shell Petroleum had issued notices of arbitration to its subsidiaries Sapura Fabrication and Sapura Offshore.Brunei Shell Petroleum is seeking arbitration against Sapura Fabrication in relation to the Salman development…
Oil companies in Norway must increase their exploration activity in remote regions like the Arctic Barents Sea for the country to find the remaining reserves of oil and gas beneath its oceans, the Norwegian Petroleum Directorate said on Thursday…
Oil firm Rex International's subsidiary Lime Petroleum has entered into an agreement with Nautilus Carbon Services AS to participate in the first phase of a larger project involving several other joint-industry project partners, which aims to…
Danish offshore drilling firm Maersk Drilling has completed the sale of its Maersk Inspirer combined drilling and production unit to Havila Sirius for $373 million.The unit has been deployed at Repsol's Yme oil field in the North Sea and has recently started producing oil…
Qatar Petroleum has ordered four new LNG carriers from Hudong-Zhonghua Shipbuilding Group, a subsidiary of China's CSSC, as part of its North Field expansion project.'These four carriers are the first batch of orders in Qatar Petroleum’s massive LNG shipbuilding program…
Danish offshore vessel owner Esvagt said Monday that the Spanish oil firm Repsol had extended the contract for the Esvagt Corona standby/rescue vessel for an additional 18 months.The contract for standby services at Repsol's Yme field in the Norwegian North Sea now runs until the spring of 2023…
Shearwater GeoServices has won a six-month contract extension with seismic data firm CGG on its Nebula survey offshore Brazil and is nearing completion of work for CGG on its North Viking Graben survey.Shearwater has previously conducted work…
The Government of Papua New Guinea has granted the right s to the Pandora offshore license to Kumul Petroleum, the company's fourth license in the country, with the first three awarded in April.The Minister for Petroleum, Kerenga Kua said the…
Spanish oil firm Repsol has secured regulatory consent to start production from the Yme field in the North Sea, off Norway.'Yme will once again be producing oil, 20 years after the last time the field was on stream. [The] planned start-up will be in the second half of 2021…
Nigeria's lower house of parliament on Friday cleared a petroleum overhaul package for the president's signature.The overhaul, in the works for 20 years, aims to attract more of the world's decreasing fossil fuels investment to Nigeria's petroleum sector…
Qatar Petroleum has signed agreements with France's TotalEnergies to acquire interests in three offshore exploration blocks in South Africa.Subject to regulatory approvals, Qatar Petroleum will hold a 25% stake in the South Outeniqua block, a 30% interest in the DWOB block…
France's TotalEnergies confirmed Friday it had with its partner Qatar Petroleum been awarded Block 6 and Block 8 in the Suriname SHO Bid Round 2020/2021. TotalEnergies will operate the two shallow-water blocks, with depths between 30 meters and 50 meters…
Danish offshore drilling company Maersk Drilling has struck a deal to sell the drilling and production unit Mærsk Inspirer, on contract with Repsol at Yme offshore field in Norway, to Havila Sirius for $373 million.As part of the deal, Repsol will…
Seadrill Partners, an affiliate of offshore drilling firm Seadrill, said Tuesday it had emerged from Chapter 11 bankruptcy for which it had filed in December 2020.The company said it has successfully completed its reorganization, turning around $2…
