Following recent reports that Shell has made an oil discovery offshore Namibia, the confirmation came Friday from its partners QatarEnergy and NAMCOR.QatarEnergy, which used to be called Qatar Petroleum, has confirmed that oil was found in a deepwater exploration well drilled in the Orange Basin…
The Trinity Spirit FPSO, operated by Nigeria's SEPCOL, exploded Wednesday and started burning, and, according to videos shared on social media, sinking. However, according to Rystad Energy, the incident is not expected to have an impact on Nigerian…
UK oil and gas industry regulator Oil and Gas Authority is set to start a search for a new CEO, as the current CEO Andy Samuel is expected to step down in December 2022.OGA said: 'As has been long agreed Andy Samuel will be stepping down as…
OCTIO, as of recently a subsidiary of Reach Subsea, has secured a multi-year geophysical monitoring contract with Shell in Norway for the Ormen Lange offshore field. “OCTIO welcomes the opportunity to continue to support A/S Norske Shell at Ormen Lange…
Meridian Capital International Fund, a 19.28% shareholder of Africa-focused oil explorer FAR Limited, has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.Earlier this week, Samuel Terry Asset Management…
Norwegian offshore vessel operator Solstad Offshore has secured several contracts for its construction support vessels.The contracts, for deployment in the North Sea, Brazil and West Africa, will have a combined total length of 640 days, with additional extension options available upon expiration…
Australian oil and gas company Carnarvon Energy said Friday that the Noble Tom Prosser jack-up drilling rig was on its way to the Pavo-1 well location, offshore W. Australia.Santos is the operator of the project, and Carnarvon is a partner with a 30% interest…
Oil and gas firm Vaar Energi said on Friday its planned stock market listing in Oslo this month could value the Eni spin-off at up to 79 billion Norwegian crowns ($9.1 billion).The touted price tag could make Vaar Norway's third-largest new stock market entrant of all time…
Offshore wind installation services company Fred. Olsen Windcarrier said Thursday it planned to launch an initial public offering and apply for a listing on the Oslo Stock Exchange.The company, based in Oslo, owns three purpose-built transportation and installation (“T&I”) jack-up vessels…
The British government believes the North Sea oil and gas industry should play a role in the country's transition to net zero, finance minister Rishi Sunak said on Thursday.'We believe in the future of the North Sea, we believe in the oil and gas industry…
After 38 years of production, German oil and gas company Wintershall DEA has transferred its stake in the Gulf of Suez Concession to the Egyptian General Petroleum Corporation.“The Gulf of Suez concession will always be a proud part of our history in Egypt…
An oil production and storage vessel exploded off the coast of Nigeria early on Wednesday with 10 crew members on board though it was not yet clear if there were any casualties or how much crude might have spilled into the sea.Nigeria's Shebah…
Offshore vessel owner Solstad Offshore said Thursday it had sold three anchor handling vessels to undisclosed buyers, and also secured work for two platform supply vessels in the UK North Sea.Haugesund, Norway-based company said Thursday it…
Italian engineering group Maire Tecnimont said on Thursday 'it is not part of any project of integration with Saipem,' after fears of a potential tie up had pushed its shares down 6%.The idea of merging the two companies first emerged several…
Wind turbine maker Siemens Gamesa confirmed a gloomy outlook for a potentially negative full-year profit margin on Thursday, hours after naming a new Chief Executive to try to revive its fortunes.The world's largest maker of the offshore turbines…