Italian prosecutors have requested a former senior Eni employee, the now chief of a UK oil firm, and others be sent to trial for allegedly defrauding Eni over the attempted sale of an oil cargo to the company, a document from the Milan prosecutor's office shows…
Global crude oil prices could drop to about $60 per barrel by 2027 as demand growth slows, say oil analysts at Rystad Energy, chopping a third off next year's peak price as demand tumbles.Their outlook is a reassuring message amid recent Wall…
China-based offshore drilling contractor China Oilfield Services Limited (COSL) said this week it had agreed to buy four jack-up drilling rigs from Dalian Shipbuilding Offshore.COSL's subsidiaries have agreed to buy four JU2000E jack-up drilling rigs at a total contract price of RMB3…
Offshore drilling firm Shelf Drilling has secured a two-well contract extension for the Shelf Drilling Fortress jack-up rig. The rig is on a contract with China's CNOOC, operating in the UK North Sea, at the Golden Eagle offshore oil field.The…
BASF, which has said it is seeking an exit from its energy business Wintershall Dea, has attracted deal interest from companies including TotalEnergies and Equinor for the oil and gas unit, German newspaper Handelsblatt reported on Monday.BASF CEO Martin Brudermueller…
High levels of gas storage, lower energy prices and new sources of fuel mean Europe is heading into a second winter with scarce Russian gas in a more comfortable position than a year ago.After decades of relying on Russia to supply cheap gas…
The Norwegian offshore vessel owner Golden Energy Offshore Services AS (“GEOS”) said Wednedsay it had entered into a memorandum of agreement (the “MoA”) with an undisclosed buyer for the sale of the subsea support vessel VOS Sugar.The VOS Sugar…
Seismic group TGS, a supplier of key data to the oil industry, has agreed to buy loss-making rival PGS in an all-share deal valued at 9.3 billion Norwegian crowns ($864 million), the two Oslo-listed companies said on Monday.The groups expect 'significant economies of scale' from the combination…
Ithaca Energy's Executive Chair Gilad Myerson said on Wednesday that there was a 'very high likelihood' that Britain's Rosebank oil field development would be approved by authorities, Reuters has reported. A formal sanctioning of the project could take place by the end of the year…
India's state-run Oil and Natural Gas Corp wants to eventually receive a share of crude from a Russian project it partly owns, but is willing to wait because Russian oil is hard to ship right now, the head of ONGC's overseas investment arm, ONGC Videsh…
Offshore installation and construction services company McDermott has been awarded a transportation and installation contract by PRIO (former PetroRio) for the Wahoo field, offshore Brazil.Under the scope of the contract, of an undisclosed value…
Oil and gas company BW Energy has brought online the fourth well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Well performance is in line with expectations with current production at approximately 6,500 barrels per day…
Guyana's economy will boom again this year as it grows by an expected 38% thanks to 'unparalleled' oil sector expansion, according to a forecast from the International Monetary Fund (IMF) released on Monday.The latest 2023 estimate follows real…
Planned work stoppages next week at two of Australia's largest liquefied natural gas (LNG) facilities are scheduled to go ahead unless mediation can produce a deal after workers at Chevron rejected the company's offer on pay and conditions.Australia is the world's biggest LNG exporter…
Thailand's annual gas regasification capacity will nearly double by the end of the decade as liquefied natural gas (LNG) imports are set to rise to replace declining domestic production, a senior executive at energy company PTT said on Tuesday…
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