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BP to sell petrochemicals business to INEOS for $5bn

BP to sell petrochemicals business to INEOS for $5bn

Oil and gas giant BP has signed a $5 billion worth deal to sell its global petrochemicals business to INEOS Styrolution, a subsidiary of chemicals company INEOS, in a move to strengthen its balance sheet. The transaction is also said to help BP deliver its $15 billion divestment target a year earlier than the original […]

Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions wins $175m contract extension for Aker BP’s Norwegian fields

Aker Solutions has been awarded a contract extension from Aker BP for two years worth NOK1.7 billion ($175.65 million) to provide maintenance and modifications for the latter’s Ula, Skarv, Valhall, and Tambar fields offshore Norway. The Norwegian engineering company said that the work under the contract will begin from December 2020 and follows the existing […]

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and partners begin production from Atapu pre-salt with P-70 FPSO

Petrobras and its partners have ramped up production in Block BM-S-11A (Iara cluster)  in the deepwater Santos Basin pre-salt offshore Brazil by starting production from the P-70 floating production storage and offloading vessel (P-70 FPSO). According to Total, a participant in Block BM-S-11A, the P-70 FPSO, which will produce the reserve of the Atapu field, […]

Seabird Exploration wins OBN source contract in North Sea

Seabird Exploration wins OBN source contract in North Sea

Seabird Exploration has bagged an ocean bottom node (OBN) source contract in the North Sea from an undisclosed client with mobilization to take place next month. The Cyprus-based marine acquisition provider will be using the Eagle Explorer for the short duration contract, the value of which has also not been disclosed. According to Seabird Exploration, […]

Repsol secures PSA consent to extend life of Rev gas and condensate field

Repsol secures PSA consent to extend life of Rev gas and condensate field

The Petroleum Safety Authority Norway (PSA) has granted consent to Repsol Norge for extending the Rev field in the North Sea for another two years. The Rev gas and condensate field, which is contained in production licence 038 C, has been in production since early 2009. The Petroleum Safety Authority Norway said that the production […]

Talos Energy acquires certain US GOM assets from Castex Energy 2005

Talos Energy acquires certain US GOM assets from Castex Energy 2005

US oil and gas company Talos Energy has agreed to acquire 16 assets from affiliates of Castex Energy 2005 in the US Gulf of Mexico (GOM) Shelf core area for $65 million in a stock cum cash deal. Castex Energy 2005 had come out of bankruptcy in 2018 and is presently controlled by prior first […]

Johnson Matthey wins methanol technology contract for Technoleasing’s Amur Oblast facility

Johnson Matthey wins methanol technology contract for Technoleasing’s Amur Oblast facility

Johnson Matthey (JM) has won a methanol technology contract from Technoleasing for the new Amur Oblast facility to be built in Skovorodino, Russia. In this connection, the British specialty chemicals company will offer a license for its combined reforming methanol technology to the 3,000 metric tons per day (mtpd) methanol production plant. Johnson Matthey will […]

Tidewater, TransAlta to offload Pioneer Pipeline to NGTL for $187m

Tidewater, TransAlta to offload Pioneer Pipeline to NGTL for $187m

Tidewater Midstream and Infrastructure and its partner TransAlta have agreed to sell the Pioneer Pipeline to NOVA Gas Transmission (NGTL), a fully-owned subsidiary of TC Energy, for CAD255 million ($187.37 million). The Pioneer Pipeline is a 20 inch, 120 kilometer-long pipeline that connects the Brazeau River Complex of Tidewater to TransAlta’s generating units at Keephills […]

Quorum wins oil and gas software contract from Black Bear Transmission

Quorum wins oil and gas software contract from Black Bear Transmission

Quorum Software, a US cloud-based oil and gas software provider, said that Texan midstream company Black Bear Transmission will use its Quorum gas pipeline software, gas measurement software, and measurement services to support its operations. According to the oil and gas software company, Black Bear Transmission requires a proven solution that can support its eight natural […]

Neptune Energy spuds Dugong wildcat well in Norwegian North Sea

Neptune Energy spuds Dugong wildcat well in Norwegian North Sea

UK-based oil and gas company Neptune Energy and its partners in the offshore Norwegian license PL882 have spudded the Dugong wildcat well with the Deepsea Yantai semi-submersible rig in the North Sea. The Dugong well is the first operated exploration well to be drilled by Neptune Energy in the northern North Sea since the Duva […]

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