Offshore Market Reports

Following the announcement earlier Lundin Petroleum AB is now pleased to announce the completion of the acquisition by Lundin Norway AS from Statoil Petroleum AS of an additional 15 percent interest in the Edvard Grieg field, PL338 and interests in associated pipeline assets.                    …
JX Nippon Oil and Gas Exploration Corporation is pleased to announced that its wholly owned subsidiary, JX Nippon Exploration and Production (U.K.) Limited sold a 16% working interest in Licence No. P.111, Block 22/25a, containing the Culzean Gas Field, to Britoil Limited (a subsidiary of BP plc). As a result…
Petrobras announces that its Board of Directors have approved, in a meeting held the sale of its entire 67.19% stake in Petrobras Argentina (PESA), owned by Petrobras Participaciones S.L. (“PPSL”), to Pampa Energía.                                  …
fire journal detect and protect Many oil and gas installations, especially oil rigs and floating production storage and offloading (FPSO) vessels, are located in areas with harsh weather conditions, such as in the North Sea or Alaska.Although a different area of the world, similar tough surroundings are faced at the…
Russia hosts vast offshore oil and gas resources, estimated to be up to 100 billion mt of oil equivalent. But Western sanctions, a lower oil price and a lack of technological capabilities are stalling development of these resources. Three analysts discuss what the future holds for Russia’s offshore oil and…
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