Energy firm Parkmead Group confirmed today that it had “agreed in principle” to take over as operator of the Platypus project in the southern North Sea.
Alpha Petroleum has handed in decommissioning plans for its Wenlock platform in the North Sea.
Petrodec has announced reactivation of a 40-year-old rig, which has been converted as its second decommissioning vessel for work in the UK North Sea.
Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco.
Scopus Engineering has won a deal to provide decommissioning services on a platform in the UK southern North Sea.
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
Tunisia holds opportunities for investors, but government processes and local unrest have slowed developments.
New figures have revealed that some North Sea operators have put off decommissioning oil and gas wells for more than 50 years.
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Higher oil prices in the third quarter boosted Total Gabon’s revenues by 28%, to $95 million.
Petrofac will start legal proceedings against Perenco to recover a balance of $80.2 million plus interest related to the sale of the remaining 51% of its Mexican operations.
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
The Sanaga 2 platform has been installed off Kribi for Perenco, Cameroon’s state-owned Societe National des Hydrocarbures (SNH) has reported.
PetroNor E&P has posted EBITDA of $4.2 million for the first quarter of 2020, down from the $20.6mn posted for the same period in 2019.
Aberdeen-based Boskalis Subsea Services (BSS) has announced the successful completion of a multi-million-pound contract for independent oil and gas company Perenco UK, supporting a pipeline project in the UK’s southern North Sea basin.
Perenco UK fell to losses of £113.2million for the period prior to the outbreak of the Covid-19 pandemic.
Total Gabon has struck a deal to sell stakes in seven mature offshore fields to Perenco, for $290-350 million.
Spirit Energy has reached a “crossroads” at its Chestnut field in the central North Sea as it weighs up whether to drill new wells.
One of the offshore oil and gas industry’s most significant business development events is going digital in July when OGUK launches the first of its series of Share Fair Spotlight webinars featuring the forward work plans of Spirit Energy next week.
Decommissioning specialist Petrodechas completed a skidding operation to remove the Perenco-operated Pickerill A platform in the North Sea.
New liquefaction projects are unlikely for the time being, Golar LNG has said, but in the longer run its floating LNG (FLNG) technology is an attractive option for exporting gas.
Force majeure has been declared at two areas in Cameroon, Bakassi in the southwest and Zina-Makary in the far north, as a result of insecurity.
Dana Petroleum has delayed the sanction of a new North Sea project due to the ongoing Covid-19 crisis.
Perenco has handed in plans to decommission four platforms at a gas field in the UK North Sea.
Perenco Exploration has signed three contracts for blocks in Gabon, the Ministry of Mines, Petroleum, Hydrocarbons and Gas announced.