Posts By: oilandgasnews365 reporter

CNOOC makes Kenli 6-1 oil discovery in Bohai Bay, offshore China

The China National Offshore Oil Corporation (CNOOC) has claimed to have pulled off a large-sized discovery Kenli 6-1 in Bohai Bay, which it expects to become the first large-sized oil filed in Laibei lower uplift. The Chinese state-owned oil and gas company said that the Kenli 6-1 structure is located in Laibei lower uplift in […]

TC Energy’s NGTL to acquire Pioneer Pipeline from Tidewater and TransAlta

NGTL acquisition of Pioneer Pipeline : NOVA Gas Transmission Limited (NGTL), a fully-owned subsidiary of TC Energy is set to acquire the Pioneer Pipeline, a 131km long natural gas pipeline in Alberta, Canada for CAD255 million ($183.45 million). In this connection, NGTL has signed a letter of intent with Tidewater Midstream and Infrastructure and TransAlta […]

Martin Linge field : Equinor reports novel coronavirus case on offshore platform

Equinor coronavirus case : Oil and gas giant Equinor revealed that one of its personnel at the Martin Linge field in the Norwegian North Sea has been found to have contracted the novel coronavirus. Currently, the Martin Linge field is under construction and is targeted to begin production at the end of this year. As […]

International Petroleum Corp. acquires Granite Oil Corp for $59m

International Petroleum Corp. (IPC), a member of the Lundin Group of Companies, has wrapped up its previously announced $59 million acquisition of Granite Oil Corp, a Canadian oil and gas company engaged in light oil production in southern Alberta. Through the acquisition, International Petroleum Corp. gains access to total proved plus probable (2P) reserves of […]

Sigrun East oil discovery : Equinor, Neptune find more oil in PL 025

Sigrun East oil discovery : Equinor and its partner Neptune Energy have pulled off an oil discovery in the Sigrun East prospect in the Norwegian North Sea, believed to have estimated recoverable resources of 7-17 million barrels of oil equivalent. The oil discovery on the Norwegian Continental Shelf was made in production licence PL 025 […]

Phillips 66, Trafigura create Bluewater Texas Terminal joint venture

Phillips 66 has created a joint venture called Bluewater Texas Terminal with Trafigura Group to develop an offshore deepwater port project. The deepwater port project, to be built by Phillips 66, will be located nearly 21 nautical miles east of the entrance to the Port of Corpus Christi. It will comprise a couple of single […]

Maersk Decom wins decommissioning contract for Banda and Tiof fields

Denmark-based Maersk Decom has bagged a contract from Tullow Oil for the complete plugging and abandonment of the latter’s Banda and Tiof fields offshore Mauritania. The company is a 50:50 joint venture between Maersk Drilling and Maersk Supply Service, which was created in 2018, to offer decommissioning solutions to the offshore energy industry. The Mauritanian […]

Petrobras to sell stake in Merluza and Lagosta fields of Santos Basin

Petrobras has launched the sale process of its stake in the Merluza and Lagosta fields, contained in the shallow waters of the Santos Basin, Brazil. The Brazilian national oil company said that the sale of is stake in the Santo Basin fields is in line with the optimization of its portfolio and also for improving […]

United Oil and Gas wraps up acquisition of Rockhopper Egypt

United Oil and Gas has completed its previously announced $16 million acquisition of Rockhopper Egypt from Rockhopper Exploration to enter into the producing Abu Sennan block in Egypt. The deal, which was announced in July 2019, was closed after satisfying preceding conditions. Rockhopper Egypt holds a 22% non-operating stake in the onshore Abu Sennan concession. […]

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