Tag Archive

Mozambique; Eni achieves financial close for Coral South FLNG

Mozambique; Eni achieves financial close for Coral South FLNG

December 6, 2017 No Comments

Eni, together with its Area 4 Partners, announces that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the following facilities: BPI Export Credit Agency Covered Loan KEXIM Export Credit Agency Covered Loan Ksure Export Credit Agency Covered Loan Sace Export Credit Agency Covered Loan […]

Dudgeon offshore wind farm officially opened

November 22, 2017 No Comments

Statoil and partners Masdar and Statkraft officially open the Dudgeon offshore wind farm in Great Yarmouth, UK. Since the investment decision was made in 2014, construction costs have been reduced by more than 15%, from GBP 1.5 billion to approximately GBP 1.25 billion. All 67 turbines at the 402MW Dudgeon offshore wind farm are now […]

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Well Intervention and P&A Market Booms Offshore West Africa

Well Intervention and P&A Market Booms Offshore West Africa

November 16, 2017 No Comments

With oil reserves of 129.1 billion barrels, Africa holds 7.6% of the world’s proven reserves. More specifically, the West Coast of Africa is home to the continent’s two largest producing countries, Nigeria and Angola, while Equatorial Guinea, the Congo and Gabon have proven oil reserves not dissimilar to those found in the United Kingdom. While […]

Norway’s first platform to be remote-operated from land

Norway’s first platform to be remote-operated from land

November 9, 2017 No Comments

On Thursday 9 November, the opening of the Valemon control room was celebrated at Sandsli in Bergen. Valemon will be the first platform in Statoil’s portfolio to be remote-controlled from land. “This is a vital milestone for Statoil. We have had land-based surveillance and control of offshore operations for a long time, however, the remote […]

BW Offshore FPSO Sendje Berge contract extension

BW Offshore FPSO Sendje Berge contract extension

October 23, 2017 No Comments

Sendje Berge Limited, a subsidiary of BW Offshore Limited (BWO), has now agreed terms of a contract extension for the FPSO Sendje Berge with Addax Petroleum Exploration (Nigeria) Ltd (Addax) on the Okwori field offshore Nigeria which have been duly submitted to relevant Nigerian Authorities for their review and approval. The contract extension will be […]

Rosneft to Acquire a 30% Stake in Zohr Gas Field

Rosneft to Acquire a 30% Stake in Zohr Gas Field

October 9, 2017 No Comments

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. The cost of Rosneft stake acquisition is USD 1.125 bln. The Company also refunded its share in past project costs to Eni. The […]

Noble Energy Updates Third Quarter 2017 Guidance

Noble Energy Updates Third Quarter 2017 Guidance

September 25, 2017 No Comments

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today provided an updated outlook for the third quarter of 2017. • Sales volumes for the third quarter have been raised to range between 352 and 358 thousand barrels of oil equivalent per day (MBoe/d), representing a 3 percent uplift or 10 MBoe/d increase at […]

Hyperdynamics Seek to Extend Offshore Guinea Program

Hyperdynamics Seek to Extend Offshore Guinea Program

September 22, 2017 No Comments

Hyperdynamics Corporation (OTCQX: HDYN) (“Hyperdynamics” or the “Company”), announced that it has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas Production Sharing Contract. “Based on further analysis of the results of the recently drilled Fatala-1 exploration well regarding the oil saturation […]

INPEX to Acquire Participating Interest in Exploration License PL767

INPEX to Acquire Participating Interest in Exploration License PL767

September 19, 2017 No Comments

INPEX CORPORATION (INPEX) announced that through its subsidiary INPEX Norge AS, it has entered into an agreement to acquire a 40% participating interest in exploration license PL767 (the License) located in the western Barents Sea offshore the Kingdom of Norway from Bayerngas Norge. INPEX’s acquisition of this participating interest will hand the company its first […]

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

GulfSlope Energy and Texas South Energy Announce Letter of Intent with IOC

September 13, 2017 No Comments

GulfSlope Energy, Inc. (OTCQB: GSPE) (“GulfSlope”) and Texas South Energy, Inc.(OTC PINK: TXSO) (“Texas South”) (collectively, the “Farmors”) announced today that they have jointly executed an exclusive letter of intent (“LOI”) with a large international oil and gas company (the “Partner”) to jointly drill and develop the Farmors oil and gas prospects located offshore Gulf […]

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