Armed gang escalates NOC, CBL revenue dispute
The National Oil Corp. (NOC) and Central Bank of Libya (CBL) have fallen out over allegedly inaccurate data, while the oil company has also fended off an armed attack on its headquarters.
Oil & Gas
Smooth transition at GMS hits rocks over severance
Gulf Marine Services (GMS) has suspended its CEO Tim Summers over a severance agreement as the company’s new board flexes its muscles.
APT plans seismic, drilling in Tanzania
ARA Petroleum Tanzania (APT) has set out a path to first gas at Tanzania’s Ruvuma production-sharing agreement (PSA).
Camco signs up with Weatherford for Libya logging
Camco Oilfield Services has signed a strategic services agreement with Weatherford, under which it aims to increase its market share in Libya.
Deltic identifies more than 150m barrels on southern North Sea licence
London-listed Deltic Energy has claimed its P2428 licence boasts resources of more than 150 million barrels of oil equivalent.
AqualisBraemar to snap up fellow consultancy LOC Group for £15m
Oslo-listed offshore energy sector consultancy firm AqualisBraemar has stuck a deal to buy LOC Group for £15.2 million.
Andrew Austin’s new venture Kistos looks to raise £32m via imminent AIM listing
Entrepreneur Andrew Austin’s new energy sector investment company expects to raise £31.75 million via its initial public offering, slated for this week.
WATCH: How Aker Solutions will power the change
Aker Solutions is committed to not only contributing to the change but accelerating it.
Adnoc makes 22bn barrel unconventional find
Adnoc has made an unconventional discovery of 22 billion stock tank barrels onshore, Abu Dhabi’s Supreme Petroleum Council (SPC) has said.
Abu Dhabi plans $122bn in oil spending to boost output
Abu Dhabi will invest 448 billion dirhams ($122 billion) in oil and natural gas over the next five years as it seeks to raise production capacity, even while OPEC restricts its output.
Parkmead steering toward development decision on North Sea project in 2021
Parkmead Group’s boss said yesterday that the Aberdeen-based energy firm hoped to settle on the best development option for its flagship UK North Sea oil project next year.
Nigeria eyes product pipe from Niger refinery
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
Taqa takes £339million write-down on value of North Sea assets
Taqa has taken a £339million write-down in the value of its North Sea assets as a result of Covid-19 and the oil downturn.
PetroNor lines up Guinea Bissau move
PetroNor E&P has struck a deal to acquire Svenska Petroleum’s assets in Guinea Bissau, with the hope of drilling in 2021-22.
CNPC, CNOOC mull deal for Exxon’s Iraq oilfield stake
China’s oil giants China National Petroleum Corp. and CNOOC Ltd. are considering acquiring Exxon Mobil Corp.’s remaining stake in an oilfield in Iraq, which could fetch at least $500 million, according to people familiar with the matter.
Seadrill wins £39m of new contracts, confirms rig scrapping plan
Seadrill has bagged £39million worth of new contracts but confirmed plans to press on with scrapping a number of rigs in its fleet.
Malaysia’s Sarawak seeks investors to find new onshore plays
The eastern Malaysian state of Sarawak, home to the country’s LNG export complex, will soon open onshore acreage for bidding, as it hopes to revitalise its onshore oil and gas industry after taking regulatory control from the federal government.
Norway opens more Arctic areas to oil industry amid opposition
Norway, Western Europe’s biggest oil producer, is offering fresh exploration licenses in the far north less than a week after the Supreme Court finished hearing an appeal over earlier Arctic permits.
Parkmead widens search for Greater Perth Area host
Parkmead Group, of Aberdeen, has widened its search for a host facility for its Greater Perth Area (GPA) project in the central North Sea.
Sparrows Group seals seven-figure deal with Spirit Energy
Sparrows Group has clinched a seven-figure deal to provide Spirit Energy with crane maintenance and lifting services in the East Irish Sea.
Total in talks on Libya work
Total has held talks with the National Oil Corp. (NOC) on increasing production and expanding in Libya, against a background where security appears to be improving.
ETIDEX: Greenpeace and lawyer at odds over North Sea activism
Greenpeace has been told that its activism in the North Sea crossed "the line” and “put lives at risk”, during the inaugural ETIDEX event from Energy Voice.
Ex-Leighton exec arrested over Iraqi bribe claims
The Australian Federal Police (AFP) have arrested a man in Brisbane over corruption allegations tied to work carried out in Iraq.
North Sea oil industry ‘teetering on the brink’
A North Sea trade union boss has warned the oil industry is “teetering on the brink” due to a lack of activity and investment in the basin.
Oil industry ‘ripe’ for new decommissioning models but some won’t survive, says BCG
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.