Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under a decade-long contract, according to block operator Oil and Natural Gas Corp ONGC on Thursday.ONGC named…
Shell will write down around $400 million over an oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude producer.Shell told Reuters that discovered oil and gas…
The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).Monday's lawsuit in the U…
U.S. crude stocks fell last week, driving the Cushing, Oklahoma hub to a 10-year low, while fuel inventories surged, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan…
All Energies Services Group (AES Group) has announced the acquisition of CWind Ltd, a market provider of offshore wind services, from private equity firm Inspirit Capital.This strategic acquisition marks a significant milestone in AES Group's…
Global energy technology company SLB has secured a series of major drilling contracts by Shell to support capital-efficient energy development across its deep and ultra-deepwater assets in the U.K. North Sea, Trinidad and Tobago, Gulf of Mexico and others…
A brand-new offshore installation vessel Boreas has been handed over to Van Oord during a festive ceremony at the Yantai CIMC Raffles Offshore shipyard in China.The Boreas, named after the Greek god of the Northern winds, is purpose-built for…
Ocean services provider DeepOcean has signed a charter contract for the high-spec subsea vessel Orient Adventurer.The new capacity aligns with the company’s service offerings and subsea capabilities across both the offshore renewables and conventional energy sectors in multiple regions…
Oil and gas drilling services company KCA Deutag has secured contract extensions for its drilling services in the U.K. North Sea, worth $16 million.KCA Deutag said its offshore business pocketed multi-million-dollar contract extensions in the U…
DNO Norge has secured a permit from the Norwegian Offshore Directorate (NOD) to drill an exploration well in the North Sea.DNO Norge, and its partners Aker BP, Japex Norge, and Concedo, will use Odfjell Drilling’s Deepsea Yantai semi-submersible…
The Norwegian Offshore Directorate (NOD) has granted Aker BP a drilling permit for a wildcat well in the Norwegian Sea.The permit is for wellbore 6507/2-8 in production license 94, which is operated by Aker BP with 30% working interest, along…
U.S. oil firm Murphy Oil Corporation has made an oil discovery at the Hai Su Vang-1X exploration well in the Cuu Long Basin, offshore Vietnam.Murphy Oil’s subsidiary Murphy Cuu Long Tay Oil drilled the well at Block 15-2/17, located 40 miles offshore…
Portuguese oil company Galp has informed its Chief Executive Officer (CEO) Filipe Silva resigned from the position, following alleged relationship probe.The CEO, who also held the position of Vice-President of the Board of Directors at Gulp…
Exxon Mobil signaled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its fourth-quarter earnings by about $1.75 billion from the prior quarter.The oil major also said in an SEC filing that…
Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.In a trading update ahead of Jan. 30 full-year results…
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