Japan’s oil and gas company Inpex has filed a $972 million claim against South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) related to the FPSO for the Ichthys field located offshore Australia.
Oslo Stock Exchange-listed oil and gas E&P company BW Energy has increased its liquidity thanks to an inaugural reserve-based lending (RBL) facility with five international banks, which will be used for the development of its project located offshore Gabon.
Norwegian offshore engineering contractor Aker Solutions has been awarded a contract from Shell UK for the delivery of a not permanently attended installation (NPAI) for the Jackdaw gas field located in the UK North Sea.
Oil and gas giant BP joined its peers in posting record quarterly profits on the back of higher oil and gas prices and strong refining margins. The company also announced a 10 per cent dividend increase and net debt reduction.
Saipem has secured an E&C contract with EniMed, a subsidiary of Eni, for the transportation and installation of an offshore gas pipeline connecting the four wells of Argo and Cassiopea Fields to the Sicilian coast.
Two UK-headquartered and AIM-listed oil and gas companies, i3 Energy and Europa Oil & Gas, have completed a farm-in agreement (FIA) for a sub-area of UKCS Licence P.2358, containing the Serenity discovery in the North Sea, ahead of an appraisal well planned for September.
UK-based Parkmead Group has launched a farm-out process to find a partner for the development of an oil project in the North Sea, which is expected to bolster the UK’s energy security after production begins.
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