BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a multinational oil and gas company headquartered in London, United Kingdom. It is one of the world’s seven oil and gas “supermajors”, whose performance in 2012, made it the world’s sixth-largest oil and gas company, the sixth-largest energy company by market capitalization…
Tag: oil and gas
Total announces third significant discovery in Block 58 offshore Suriname
PARIS: Total SE and Apache Corporation have made a significant third discovery with the Kwaskwasi-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central in January and Sapakara West in April. The well was drilled by a water depth of about 1.000 meters and encountered a total of…
PetroTal announces restart of production at Bretana oil field
HOUSTON: PetroTal Corp. provided an update on operations at the Bretana oil field which, as previously indicated, recommenced in mid-July. On May 7, 2020, PetroTal announced that it had temporarily shut in the Bretana oil field operations in response to a directive issued by the Peruvian government’s health department related to COVID-19 prevention, that resulted…
Keppel secures FPSO contracts worth about S$73 million from MODEC
SINGAPORE: Keppel Offshore & Marine Ltd has through its wholly owned subsidiaries in Singapore and Brazil secured two contracts worth a combined value of about S$73 million from MODEC Offshore Production Systems (Singapore) Pte Ltd (MODEC), a MODEC, Inc. group company. In Singapore, Keppel Shipyard has been engaged to fabricate, complete and integrate the topside…
TP Group signs AI system contract in the United Arab Emirates energy sector
LONDON: TP Group, the provider of mission-critical solutions for a more secure world, has signed an initial contract worth £0.3 million with Gulf Data International (gDi), an IT solutions provider and systems integrator based in Abu Dhabi. The contract will see TP Group work in partnership with Gulf Data International (gDi) to develop Artificial Intelligence…
Zenith Energy confirms participation in Nigeria’s 2020 marginal field bid round
LONDON: Zenith Energy Ltd. announced its participation, in the capacity of technical and financial partner to a Nigerian registered energy company, in the 2020 bid round for marginal oil and gas fields organised by the Nigerian Department of Petroleum Resources (DPR). On June 1, 2020, the DPR, on behalf of the Federal Government of Nigeria,…
Brookside and Stonehorse collaborate to acquire producing oil and gas properties
PERTH: Brookside Energy Limited and Stonehorse Energy Limited announced the formation of a new Joint Venture (Orion Project) which will enable the companies to exploit opportunities to acquire producing oil and gas properties in the world-class Anadarko Basin, Oklahoma. Commenting on the announcement, Brookside Managing Director, David Prentice said: “We are delighted to be partnering…
Coro Energy completes Duyung PSC acquisition
LONDON: Coro Energy plc, the Southeast Asian focused upstream oil and gas company, is pleased to announce that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC to Coro have now been received. Accordingly, final completion of the acquisition of the PSC Interest by the…
Fusionex International to implement data-driven digital platform for oil and gas giant
SINGAPORE: Fusionex has clinched a contract with one of the region’s largest oil and gas companies to implement a data-driven digital platform to enhance customer experience. The client is a global energy company, ranked amongst the largest corporations on Fortune Global 500 with over 1,000 gas stations. Known for their oil and gas ventures, their…
DNO completes Baeshiqa testing, prepares to spud next well
OSLO: DNO ASA, the Norwegian oil and gas operator, announced completion of testing and appraisal of the Baeshiqa-2 exploration well in the Kurdistan Region of Iraq and the imminent spud of an exploration well on a separate prospect, Zartik, located 15 kilometers southeast on the same license. The testing has proven oil and gas in…
Regal Petroleum to acquire UNI
LONDON: Regal Petroleum plc has entered into a Memorandum of Understanding (MoU) for the acquisition of PJSC Science and Production Concern Ukrnaftinvest (UNI), which holds the Belolisky and Alibeysk-Trapivska production licences in Ukraine. The Memorandum is made between the Company and Ms Lidiia Chernysh and Bolaso Investments Limited, who each own 50% of the issued…
TGS announces 3D project offshore Argentina
HOUSTON: TGS-NOPEC Geophysical Company has announced a new 3D multi-client project offshore Argentina. The Malvinas 3D survey will cover approximately 7,300 square kilometers of highly prospective Malvinas Basin, which saw spirited interest during Argentina Round 1 earlier this year. The survey will employ one Shearwater vessel, with operations set to commence in Q4 2019 and…