Privately-owned oil firm Impact Oil & Gas has signed a farm-out agreement with Shell for the 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South Africa.Transkei & Algoa blocks are located offshore eastern South Africa and cover approximately 45…
Offshore energy industry training firm Maersk Training has said it has recently invested one million dollars into its UK business, upgrading training facilities and increasing headcount.'The funding will support the investment in its people…
British oil major BP is close to selling its central London headquarters for about 250 million pounds [around $324,4 million] as the coronavirus pandemic has forced the company to cut costs, the Financial Times reported on Tuesday.The office…
Norway's top court began to hear arguments on Wednesday on the legality of awarding offshore oil licenses in the Arctic, in a landmark case that could stop the industry's expansion.The lawsuit, led by environmental groups Greenpeace Norway and Nature and Youth…
Following a recently announced gas discovery at an exploration well at the Kara Sea, off Russia's North, Gazprom has tested the upper levels at the same well at the Leningradskoye field, and has reported 'record high' results.'In the course of the exploration activities…
Australian oil and gas company Santos gas signed a new gas sales agreement to supply natural gas to Western Australian energy solutions provider, Kleenheat.Kleenheat is part of Wesfarmers Chemical, Energy and Fertilisers (WesCEF), a group of businesses that will also utilize the gas…
Nigerian oil and gas company First E&P has this week announced it has started oil production from the Anyala West field offshore Nigeria.The field is located in Oil Mining Leases (OMLs) 83 & 85, in the shallow waters offshore Bayelsa State, Nigeria…
Oil and gas company Dana Petroleum has brought online a new well on the Bittern oil and gas field in the UK North Sea.'Production from the new B5 well, which is a sidetrack of an existing Bittern well, is running at over 5,000 barrels of oil per day…
Baker Hughes Co said on Tuesday it would buy Compact Carbon Capture AS in a bid to expand its footprint beyond oil and gas oilfield services as it prepares for a transition to a low-carbon future.Facing pressure from shareholders worried about…
Offshore drilling contractor Transocean on Tuesday posted a $359 million net profit for the third quarter of 2020.Transocean said the result included net favorable items of $428 million, including a $449 million gain on restructuring and retirement of debt…
Longitude, the engineering and design branch of LOC Group, has appointed James Sugden as head of the Marine Systems Engineering team.Longitude said the appointment expands the company’s expertise in the design and engineering of marine systems on ships…
Offshore wind turbine builder MHI Vestas has delivered the first-ever offshore wind turbine components to Able Seaton Port in Hartlepool, in the UK.The components, including 15 blades produced at the Isle of Wight and finished at Fawley, are…
Spanish engineering company Marcelo Penna Engineering and the Dutch offshore gangway specialist Safeway have designed what they say is 'an intelligent Service Operation Vessel' for the offshore wind industry.'The outcome of the collaboration…
Norwegian company Aker Offshore Wind has received funding from Enova for a pre-project that aims to reduce costs and increase maturity in important technical segments of offshore floating wind. Enova is Norway’s innovation fund for environmentally friendly technologies…
UK oil company Premier Oil's creditors have given their approval for the company's merger with rival Chrysaor, proposed in October.To remind, the two UK-based offshore oil and gas companies Premier Oil and Harbour-controlled Chrysaor agreed to merge in an all-stock transaction…
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