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Drilling & Production

Statoil to make final investment decision on Johan Castberg development by end-2017 By EBR Staff Writer
Statoil said that it will make its final investment decision on the Johan Castberg oil field development project in the Barents Sea by the end of this year.
Oil & Gas > Drilling & Production > News
Europe approves Ineos’ $1.3bn acquisition of Dong’s oil and gas business By EBR Staff Writer
UK-based petrochemical giant Ineos’ $1.3bn acquisition of Dong Energy's upstream oil and gas business has been approved by the European Commission (EC).
Oil & Gas > Drilling & Production > News AET to operate two new offshore loading shuttle tankers for Statoil By EBR Staff Writer
AET has bagged a long-term charter contract worth $200m from Statoil to operate two new offshore loading shuttle tankers (OLSTs) on the Norwegian and UK Continental Shelves.
Oil & Gas > Drilling & Production > News
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Eni ships its first LNG cargo from Jangkrik field
Eni carried out its first shipment of liquefied natural gas (LNG) produced for the Indonesian domestic market by the Jangkrik field, which is located in Indonesia in deep water.
Oil & Gas > Drilling & Production > News
Oil Search establishes $600m revolving credit facility
Oil Search has announced that it has signed documentation with a 14 member bank group for a new five year, non-amortising, revolving credit facility of US$600 million.
Oil & Gas > Drilling & Production > News
Cenovus Energy to sell non-core assets to fund ConocoPhillips acquisition
By EBR Staff Writer
Canadian oil company Cenovus Energy has revealed its target to raise C$4-5bn ($3-3.8bn) by the year end through sale of its non-core assets, to fund ConocoPhillips acquisition.
Oil & Gas > Drilling & Production > News
Energean submits development plan for Israeli offshore natural gas fields
By EBR Staff Writer
Energean Israel has initiated development of two offshore Israeli natural gas fields by filing a Field Development Plan (FDP) with the Israeli Petroleum Commissioner.
Oil & Gas > Drilling & Production > News
Statoil receives approval to develop Njord and Bauge oil fields
The Norwegian authorities have approved the plans for development and operation (PDO) of Njord and Bauge located in the Norwegian Sea.
Oil & Gas > Drilling & Production > News
US top court rejects Chevron's $9.5bn Ecuador oil pollution case review
By EBR Staff Writer
Chevron has received a favorable ruling in the US Supreme Court which prevents the company from paying a compensation of $9.5bn for being responsible for an oil pollution incident in Ecuador.
Oil & Gas > Drilling & Production > News
Norway's PSA grants permission to extend lifetime of Gullfaks B facility in North Sea
By EBR Staff Writer
The Petroleum Safety Authority (PSA) of Norway has granted permission to extend lifetime of the Gullfaks B facility and its associated pipelines.
Oil & Gas > Drilling & Production > News
Occidental Petroleum to divest non-strategic Permian Basin assets
By EBR Staff Writer
Texas-based Occidental Petroleum will raise around $600m by divesting some of its non-strategic assets in the Permian Basin.
Oil & Gas > Drilling & Production > News
EQT to acquire natural gas producer Rice Energy for $6.7bn
US-based natural gas producer EQT has entered into an agreement to acquire Rice Energy for about $6.7bn.
Oil & Gas > Drilling & Production > News
Ecopetrol wins two blocks for hydrocarbon exploration and production in Mexican Shallow Waters
Ecopetrol reports that in a public ceremony held today in Mexico City, Mexico's National Hydrocarbons Commission finalized the bidding process CNH-R02-L01/2016, awarding shared production contracts for hydrocarbon exploration and extraction in 15 Mexican shallow-water areas.
Oil & Gas > Drilling & Production > News
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