North Sea EPC spend to top £2.8bn in 2021, about £1.8bn still to come – Westwood Global
North Sea engineering, procurement and construction (EPC) contract awards are anticipated to total more than $4 billion (£2.8bn) in 2021.
Europe
TotalEnergies, Technip sign up to decarbonise LNG, offshore
TotalEnergies and Technip Energies have signed a technical co-operation agreement to develop low-carbon LNG and offshore facilities.
Shell and PetroChina sign world’s first carbon-neutral term LNG deal
Shell claims to have signed the world’s first carbon-neutral term liquefied natural gas (LNG) supply deal after sealing a five-year contract with PetroChina.
‘Virtual’ Offshore Europe programme announced for September
Energy transition topics will take centre-stage at the SPE Offshore Europe 2021 virtual conference taking place from September 7 to 10.
German LNG Terminal moves forward
German LNG Terminal will apply for permission to build an LNG terminal at the Brunsbüttel site by June 30.
Maersk CEO calls for end to day rates, more consolidation
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Aker Solutions manager charged in Malaysia over alleged false documentation
A Malaysian manager at Norwegian energy services company Aker Solutions was charged Friday for allegedly making false statements in order to win Petronas licenses in Malaysia.
Aker Solutions manager expected to be charged in Malaysia
A senior executive at Norwegian energy services company Aker Solutions is expected to be charged today for allegedly making false statements in order to win Petronas licenses in Malaysia.
Red flags for Malaysia’s Serba Dinamik amid finance probes
Serba Dinamik, one of Malaysia’s leading oil and gas service and equipment companies, has been put on a Rating Watch Negative (RWN) list by Fitch Ratings as the firm faces an investigation over unverified contracts.
Repsol set to sell handful of Southeast Asia assets to Hibiscus
Spanish player Repsol has agreed to sell its operated assets in Malaysia and Block 46 CN in Vietnam to Kuala-Lumpur listed Hibiscus Petroleum. Operating the new assets will mark a massive step up for Hibiscus.
CCS is crucial for BP and Repsol investments in Indonesia
Proposed new regulations signal that the Indonesian government appears to have recognised the importance of supporting carbon capture and storage (CCS) schemes. Such regulations will be crucial to encourage major companies, such as BP and Repsol, to invest in significant new upstream production in Indonesia.
Former BP director set to be jailed in Singapore for corruption
A former director of BP’s marine fuels business in Singapore has been sentenced to 54 months in jail and ordered to pay about US$4.7 million for his role in a graft case involving close to US$4 million (S$5.3 million) while working for the supermajor.
Harbour Energy seeks deep water rig for Indonesia probe
UK-listed Harbour Energy is seeking a deep-water drilling rig as it prepares to probe the deep waters of Indonesia’s North Sumatra basin.
Beacon Offshore hires Claxton for Thailand decommissioning work
Claxton, the lead brand of UK-based Acteon's drilling and decommissioning business segment, has signed a master services agreement with Thailand-based Beacon Offshore for the severance and recovery of more than 100 subsea wells in the Gulf of Thailand.
Total carries out Dunkerque bunkering
Total has carried out the first ship-to-container ship LNG bunkering in France, on April 30, while Titan LNG has announced a new vessel in Zeebrugge.
Santos eyes Darwin LNG expansion
Santos is exploring potential liquefied natural gas (LNG) expansion developments for its Darwin export plant in northern Australia after signing a memorandum of understanding with Italy’s Eni.
Eni and Santos eye carbon capture opportunities at East Timor’s Bayu Undan
Australia’s Santos and Italy’s Eni are investigating options to re-purpose the Bayu Undan facilities to extend the life of the project, including a carbon capture and storage (CCS) scheme.
Jadestone buys maiden Malaysia assets
UK listed Jadestone Energy is buying SapuraOMV’s Peninsular Malaysia assets in a deal worth up to $15 million that will increase the company’s total reserves by more than 30%.
BP and Reliance boost KG-D6 deep-water output offshore India
BP and India’s Reliance Industries have started production from a second ultra-deepwater gas field in the Krishan Godavari (KG) basin off India’s east coast.
Eni and Neptune start pumping from Merakes offshore Indonesia
The Eni-led Merakes deep-water development in the East Sepinggan block offshore Indonesia has started gas production in the Kutei basin.
East Timor set for big offshore well as Buffalo deal completed
Australia’s Carnarvon Petroleum is one step closer to seeing what BHP and Nexen left behind at the historic Buffalo field offshore East Timor. An exploration well is set to be drilled in late 2021 following the completion of a farm-out deal with UK-listed Advance Energy.
Neptune Energy commences drilling at Adorf gas development
Neptune Energy today announced drilling has begun at its operated Adorf Z16 gas development well in the municipality of Hoogstede, north western Germany.
UK’s Pharos Energy excited by Vietnam potential
UK-listed Pharos Energy is excited about its upcoming Vietnam activities with a 3D seismic shoot lined up over a high-potential exploration permit and a six-well production drilling programme set to start at its Te Giac Trang offshore oilfield.
Trafigura opens carbon trading desk
Commodities trader Trafigura has formally opened a carbon trading desk, the Singapore-headquartered company reported, as it ventures into the expanding global offset market.
Woodside names interim boss as Coleman heads for the exit
Meg O’Neill, a leading candidate for the top job at Australia’s Woodside Petroleum, will act as interim chief executive from 20 April as current boss, Peter Coleman, steps down from the board on 19 April.