UK-headquartered energy giant BP has awarded a long-term, multi-region deal, covering its offshore portfolio, to Wood Plc, a compatriot oilfield services provider. This contract will enable the UK player to support BP’s “efficient and safe” energy production.
Thanks to the provisions stipulated within a new energy bill, which Biden signed into law last month, the Bureau of Ocean Energy Management (BOEM), a U.S. government agency, has reinstated the first oil and gas lease sale, held under the Biden administration, for acreage in federal waters in the Gulf of Mexico.
China’s oil and gas player CNOOC Limited has kicked off production from an oilfield development project in the Bohai Sea. This is the third project, which the Chinese giant has brought on stream offshore China this month.
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.
After Norway’s state-owned giant Equinor decided to exercise its option to add more wells to the backlog of an Odfjell Drilling-owned rig, this rig now has eight more wells to drill for the Norwegian company.
Norway’s Ministry of Petroleum and Energy (MPE) has approved a plan for the development and operation (PDO) of the Aker BP-operated field in the North Sea, which will enable the firm to fast-track the development to achieve the first oil 18 months after the PDO submission.