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ConocoPhillips is to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39bn. In addition, the company will also receive a payment of $75mn upon final investment decision (FID) of the Barossa development project.The subsidiaries hold ConocoPhillip’s 7.5% intere...
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Brazil has sold 12 of the 36 offshore blocks on sale at the country's 16th bid round, with oil companies once again paying record signing bonuses for areas holding subsalt potential in the Campos Basin, reports S&P Global Platts. The 36 blocks hold an estimated 70bn barrels of unrisked oil ...
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Neptune Energy has entered into a conditional sale and purchase agreement with Energean Oil and Gas to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for an initial cash consideration of $250mn. The purchase is contingent on Energean completing its proposed a...
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Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV (remotely operated vehicle).The contract will make Equinor the first user of this underwater drone technology that is expected to be completed in 2020. ‘Thi...
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Equinor and the Snorre and Gullfaks partners have made a final investment decision (FID) for the Hywind Tampen offshore wind farm development and two updated plans for development and operation (PDO) have been submitted to the Norwegian authorities.The oil and gas platforms will be the first ever po...
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Oil and gas companies have discovered 7.7bn boe year-to-date, according to Rystad Energy’s latest global discoveries report, and the industry is well on track to repeat the feat achieved in 2018 when around 10bn boe of recoverable resources were discovered.Russia has seen the most discovered resourc...
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Decreases in atmospheric pressure can lead to a 20-fold increase in fugitive greenhouse gas emissions (GHG) associated with leaking onshore hydrocarbon wells, a new study in Nature has shown.A 30-day study led by Scottish and Canadian scientists showed that atmospheric pressure controls the timing a...
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This month’s issue of Petroleum Review looks at the potential role that technology might play in helping the oil and gas sector meet the skills gap and outlines some of the attractions of a career in this sector.We also provide an overview of some of the latest decommissioning developments in the No...
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The emphasis of this issue is on fossil fuels. Two feature articles starting on page 12 discuss a new approach to 'clean coal' to include underground gasification and the use of fuel cells for power generation; and the prospects for the production of shale gas in Europe. We then return to renewables...
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