Santos’ proposed offshore Barossa gas field development off Australia’s Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into liquefied natural gas (LNG), finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA).
Australia’s Santos has awarded the biggest contract tied to its $3.6 billion Barossa liquefied natural gas (LNG) project in northern Australia that will backfill Darwin LNG. This offers a strong signal that a final approval for the scheme is imminent.
Ideol and BW Offshore’s new joint venture (JV) has celebrated its first day of trading on the Oslo stock exchange.
An accident on the Espoir Ivoirien floating production, storage and offloading (FPSO) vessel, offshore Cote d’Ivoire, has caused two deaths.
No more floating production, storage and offloading (FPSO) vessels will be ordered this year, Rystad Energy has predicted.
An attack has taken place on a floating facility offshore Nigeria, Dryad Global has reported, saying as many as 11 people may have been kidnapped.
Plans for an IPO for marginal field-developer BW Energy have been pushed back – and pricing scaled back – in light of financial volatility, blamed on the coronavirus in China.
BW Energy expects to price shares in its IPO at 34.2-36.6 Norwegian krone ($3.74-4), valuing the company at $700-750 million.
BW Offshore intends to hold an IPO of its BW Energy unit, which is producing oil in Gabon, in the first quarter of 2020 on the Oslo Stock Exchange.
Tullow Oil has exercised its back-in right for a 10% stake in Gabon’s Dussafu production-sharing contract (PSC), although the amount payable is under dispute.
BW Offshore plans to double production from the first phase of the Ruche development to 30,000 barrels per day.
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.
BW Energy is planning to reach a final investment decision (FID) on its Ruche development, in Gabon’s Dussafu licence, in the last quarter of the year. Further growth is expected to come from August’s Hibiscus discovery. The company continues to hold the Kudu gas project, in Namibia, but like many others before it, progress appears slow.
International maritime services company BW Group today announced that Group CEO Carsten Mortensen has resigned from the company.
BW Offshore said today that the first development well had been completed at the Tortue field, within the Dussafu license, offshore Gabon.
French catering and facilities management firm Sodexo has won two new contracts worth a combined value of £4million.
The floating production, storage and offloading (FPSO) vessel for the Catcher field in the UK North Sea has arrived in the Cromarty Firth.
BW Offshore's subsidiary BWEG today completed its acquisition of Harvest Energia B.V for $32million in cash.
Norwegian ship owner BW Offshore has joined forces with a Chinese financial leasing firm in an effort to make big waves in the FPSO market.
BW Offshore has struck a deal with PPGBV to acquire a 25% working interest in the Dussafu production sharing contract in Gabon.
BW Offshore confirmed an agreement with its insurers for the early repair costs for a FPSO involved in a fatal explosion.
BW Offshore said it will be reducing its onshore headcount by 35% as it looks to make cost savings amid the low oil price.
BW Offshore has received a one year contract extension for the lease and operation of the FPSO Umuroa.
BW Offshore has received a two year contract extension for the lease and operation of the FPSO Polvo.
FPSO operator BW Offshore has suspended its dividend to shareholders until the outlook for the oil sector improves.