Inform Prize Cegal magazine 2024 events 2024 events Inform prize
Latest news - International

Top 10 Oil and Gas Companies Shaping the Industry

Top 10 Oil and Gas Companies Shaping the Industry   In the ever-evolving landscape of global energy, the oil and gas industry stands as a cornerstone, affecting everything from the oil and natural gas corporation share price to global geopolitics. Despite the rise of renewable energy sources, oil and gas remain critical to meeting the world’s energy demands, driving the need for continuous drilling, refining, and innovation. As prices fluctuate and the push for sustainability in...

Saudi Arabia announces discovery of major oil and natural gas fields

Saudi Arabia announces discovery of major oil and natural gas fields   Ministry of Energy, Saudi Arabia announced the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter. “Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields, and two natural gas reservoirs in the Eastern Province and the Empty Quarter,” said Minister of Energy Prince Abdulaziz bin Salman. Al-Ladam fiel...

Mermaid scores North Sea decommissioning deal with Shell

Mermaid scores North Sea decommissioning deal with Shell   Mermaid Subsea Services has landed a multi-year engineering, preparation, removal and disposal (EPRD) wellhead severance contract with Shell in the UK North Sea. The decommissioning project will be carried out in three annual batches with the first one scheduled to begin later this year. The initial campaign includes removing wellhead protection covers from the sea floor, before lifting them to the surface for transport...

Nigera targets producing 2m barrels of oil per day

Nigera targets producing 2m barrels of oil per day   The Group Managing Director/CEO of the Nigerian National Petroleum Corporation Ltd, (NNPCL), Mr. Mele Kyari, has declared that the Nigerian oil industry has the capacity to produce 2 million barrels of crude oil daily. Speaking at the opening ceremony of the 2024 Nigerian Oil Gas Energy Week in Abuja on Tuesday, Kyari stated that very little effort is all that is needed to increase production. Nigeria’s oil production ha...

Dolphin Drilling rig to sling its hook and peel out of Nigeria on its way to Indian gig

Dolphin Drilling rig to sling its hook and peel out of Nigeria on its way to Indian gig   Following various trials and tribulations weathered throughout its stay in Nigeria, a semi-submersible rig has cast off and is making a beeline for Indian waters, where it will embark on its new drilling assignment, according to Dolphin Drilling, a Norway-headquartered offshore drilling contractor. The rigmarole saga, which Dolphin Drilling’s termination of the Blackford Dolphin rig&rsqu...

CNOOC starts production from offshore oilfield Wushi 23-5

CNOOC starts production from offshore oilfield Wushi 23-5  The Wushi 23-5 oilfield development project includes two new wellhead platforms and the upgraded Wushi terminal.   China National Offshore Oil Corporation (CNOOC) has announced the commencement of production at the Wushi 23-5 oilfield, reputed to be the first in the South China Sea to be powered from shore.   This initiative is part of the state-owned oil and gas company’s efforts to enhance its low-carb...

Kent reports over $1 billion in new contracts for H1 2024

Kent reports over $1 billion in new contracts for H1 2024   Kent has had a fantastic start to 2024, bringing in over 1.2 billion USD in new contracts to the business. Kent has secured various contracts across the asset lifecycle in key markets worldwide, from Pre-FEED/ FEED/ to EPCM, and Framework Agreements.   Chief Business Development Officer Simon Lyons says: “We are incredibly proud of the progress and growth we have achieved in the first half of 2024. Securing...

North Sea’s biggest oil and gas producer Harbour Energy reports £337m profit

North Sea’s biggest oil and gas producer Harbour Energy reports £337m profit   The largest producer of fossil fuels in the UK’s North Sea has said it will extract slightly less oil and gas than expected this year, as it reported a fall in profit. Harbour, which last year complained its profit had been wiped out by the windfall tax on oil and gas companies, revealed that its tax bill was lower now than it had been before the tax was introduced. It paid 437 milli...

Huge economy boost to Falkland Islands as plans to exploit huge oil field revealed

Huge economy boost to Falkland Islands as plans to exploit huge oil field revealed The oil field could bring a wealth of riches to the islands as it's several times bigger than any North Sea development.   The Falkland Islands has opened up the possibility of oil exploration in its waters for the first time ever, in a move that could bring about untold riches but may also cause the UK government a headache. The Falklands' ruling council has asked residents if they suppor...

Some Asian buyers seeking additional LNG for summer - Rystad Energy's Gas and LNG Market Update

Some Asian buyers seeking additional LNG for summer - Rystad Energy's Gas and LNG Market Update   Here is Rystad Energy’s gas and LNG market update from senior analyst, Masanori Odaka: "Wheatstone LNG's resumes operation ahead of east Asia’s peak summer demand season while LNG importers in the region prepare for hotter weather, prompting increased demand. The US faces a similar situation as forecasts of hotter summer weather in the US remains a bullish f...

Saudi Aramco Jackup Suspensions: The Story So Far…

Saudi Aramco Jackup Suspensions: The Story So Far…   Saudi Aramco’s ambitious post-Covid jackup fleet expansion program, in which the operator looked to increase its fleet size from approximately 49 jackups in June 2022 to 90 in just two years, seemed a daring feat. But fast forward to March 2024 and the Saudi Arabian National Oil Company (NOC) almost met its target having 89 jackups at work. To reach this target, the operator awarded 247.8 years of contract backlog d...

Poland’s Orlen to acquire stake in Atlantis field offshore Norway

Poland’s Orlen to acquire stake in Atlantis field offshore Norway As per the estimates, the Atlantis field has total recoverable reserves of 65 million barrels of oil equivalent (mboe).   Polish refiner Orlen Group has agreed to acquire a 20% stake in the Atlantis field on the Norwegian Continental Shelf from Source Energy. The companies did not reveal the financial terms of the deal. The stake will be acquired by PGNiG Upstream Norway, part of Orlen Group. The acqui...

Chevron inks offshore $2 billion exploration, production deal with Equatorial Guinea following multiple oil and gas discoveries

Chevron inks offshore $2 billion exploration, production deal with Equatorial Guinea following multiple oil and gas discoveries   The African Energy Chamber (AEC) announced that Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSC) for offshore blocks EG-06 and EG-11 in Equatorial Guinea- representing a $2 billion investment. Situated close to producing Block B, which houses the Zafiro field, the blocks are conside...

Chevron, GEPetrol Sign PSCs for To Equatorial Guinea's Offshore Blocks

Chevron, GEPetrol Sign PSCs for To Equatorial Guinea's Offshore Blocks   Oil major Chevron and Equatorial Guinea’s state-owned oil company GEPetrol have signed two production sharing contracts (PSCs), for offshore blocks EG-06 and EG-11 in Equatorial Guinea, representing a $2 billion investment. Situated in close proximity to producing Block B which houses the Zafiro field, the blocks are considered to be highly-prospective and are poised to play a major part in revitaliz...

Wintershall Dea Makes Gas Discovery in Norway Cuvette Exploration Well

Wintershall Dea Makes Gas Discovery in Norway Cuvette Exploration Well   Wintershall Dea and its partners, Petoro and DNO, have made a gas condensate discovery at the Cuvette prospect in the North Sea, with estimated recoverable volumes of 16-38 million barrels of oil equivalent. The Cuvette discovery lies just south of the Wintershall Dea operated Vega Central field. According to Wintershall Dea, the license partners will now evaluate if the gas condensate discovery can be fast...

FPSO eating up the miles to Brazil while Petrobras brings production start date forward

FPSO eating up the miles to Brazil while Petrobras brings production start date forward   Brazilian state-owned energy giant Petrobras has moved up the timeline for the start of operations concerning its new floating production, storage, and offloading (FPSO) vessel destined to work off the coast of Brazil. Following a grand naming ceremony held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3, 2024, Yinson Production, which secured a 22.5-year lease operati...

Energean sells Italy, Egypt, Croatia assets to Carlyle for up to $945m

Energean sells Italy, Egypt, Croatia assets to Carlyle for up to $945m   Global investment firm Carlyle has bought a portfolio of gas-weighted exploration and production assets in Italy, Egypt, and Croatia from London-based oil and gas player Energean. This transaction will deliver to Carlyle a diversified portfolio of highly strategic gas-weighted assets with expected production equivalent to 47,000 barrels of oil per day and operations across the Mediterranean. The portfolio incl...

Southeast Asia’s Pumped-Storage Hydropower Set to Soar Eightfold by 2033

Southeast Asia’s Pumped-Storage Hydropower Set to Soar Eightfold by 2033   Pumped-storage hydropower capacity in Southeast Asia is expected to jump to 18 gigawatts (GW) by 2033, from just 2.3 GW today, as pumped hydro is set to play an increasingly important role in the region’s energy transition from fossil fuels, independent energy research company Rystad Energy said in a report on 17 June. The nearly eightfold surge in pumped hydro capacity is set to attract estimate...

Argentina's TGS pitches $500-million Vaca Muerta gas pipeline expansion

Argentina's TGS pitches $500-million Vaca Muerta gas pipeline expansion Argentine gas transportation firm TGS said on Wednesday it has proposed investing $500 million to expand the capacity of a government-owned natural gas pipeline that connects to the country's massive Vaca Muerta shale oil and gas formation.   Argentine gas transportation firm TGS said on Wednesday it has proposed investing $500 million to expand the capacity of a government-owned natural gas pipeline th...

Buyout firm Carlyle to build Mediterranean oil and gas group

Buyout firm Carlyle to build Mediterranean oil and gas group Ex-BP boss Tony Hayward will run group after buyout firm acquires assets in Italy, Egypt and Croatia from Energean.   Private equity group Carlyle has announced plans to build an oil and gas company focused on the Mediterranean after agreeing to buy a portfolio of projects in Italy, Egypt and Croatia from London-listed Energean for up to £945mn. The acquisition is the latest foray into the upstream oil and gas se...
OGV
Wellpro
Cegal
Westerton Access
Stena