(Bloomberg) – Chevron Corp. is finalizing a production-sharing agreement with Angola and the Democratic Republic of Congo to operate their shared offshore oil block, Congolese Oil Minister Didier Budimbu Ntubuanga said. There is a draft of the pact and this month the parties have been invited to discuss development of the block known as bot...

(WO) – Matador Resources Company announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners Holdings, LLC (“Advance”) from EnCap Investments L.P., including Advance’s oil and natural gas producing properties and undeveloped acreage in Lea County, New Mexico and Ward County, Texas (th...

(WO) – QatarEnergy has announced the signing of a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project, the largest project in the history of the LNG industry. Sinopec becomes shareholder in NFE joint venture  The agreement marks the entry of Sinopec as a sharehold...

(WO) – Pennpetro Energy PLC, an independent oil and gas company focusing on production and development in Gonzales County, Texas, advised that the Whistling Straits 5H well in the Peach Creek Oil Field, Gonzales County, Texas, has been drilled to 10,195 feet measured depth (“MD”) with a 7,632.22 feet true vertical depth (“TVD”). Whi...

(WO) –Drilling Systems, an advanced drilling simulation technology provider, has secured a contract win PETRONAS. The contract award was made as part of a competitive tender process, seeing Drilling Systems provide its learning technology ‘Drill the Well on Simulator’ (DWOS) solution to support PETRONAS’ training and development program acr...

(WO) – BW Energy announced that first oil from the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon has been safely achieved. Production performance from the first well has been in line with expectations and is currently stabilized at approximately 6,000 bpd. The DHIBM-3H well was drilled from the BW MaBoMo product...

(WO) – ABB, a global leader in technology innovation, is celebrating the “floor pour” of its newest U.S. flagship campus at 18250 W. Lincoln Avenue. The greenfield location in New Berlin will serve as the U.S. headquarters, manufacturing facility and distribution center for the Drives and Motion Services businesses. The new facility is...

(WO) — 24 turbines for Parkwind’s Arcadis Ost 1 offshore wind farm have been successfully installed. Most of the turbines are already producing green electricity and contributing to the German Energiewende. This marks the end of the first installation campaign of the offshore wind farm using the floating installation method developed toge...

(WO) – Technip Energies has been awarded a significant contract by Shaanxi LNG Reserves & Logistics Co. Ltd. for the 3 million normal cubic meters per day Xi'An LNG Emergency Reserve & Peak Regulation Project in China. The contract is worth between €50 million ($54.53 million) and €250 million ($272.67 million) of revenue. The contract...

(WO) –Karoon advises that Baúna production, including from the Patola field, was shut-in at 17:00 on March 28 in a safe and controlled manner, due to a loss of containment incident associated with the high pressure flare on the FPSO, Cidade de Itajaí. The FPSO operator, Altera&Ocyan (A&O) mobilized a team of specialists to the FPSO to ide...