Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week.Brent crude futures rose 0.91%, or 35 cents, to $38.67 a barrel as of 0427 GMT…
Nigeria has launched its first licensing round for marginal oilfields in nearly 20 years, the Department of Petroleum Resources (DPR) said on Monday, despite court rulings last week that barred some of the fields from being auctioned.Marginal…
Seadrill announced a writedown of $1.2 billion on the value of its oil drilling rigs on Tuesday and warned it may have to convert part of its $7.4 billion in debt into equity to survive.'Until such time that an agreement is reached to restructure our borrowing commitments…
Belgium’s high-voltage transmission system operator Elia has informed said that the connection of the Seastar offshore wind farm marked the completion of Elia’s offshore power hub Modular Offshore Grid (MOG), Located 40 km off the Belgian coast…
Qatari state-owned oil and gas company Qatar Petroleum has entered into what it says 'are the largest LNG shipbuilding agreements in history to secure more than 100 ships valued in excess of QR 70 billion [USD19,2 billion] to cater for its LNG growth plans…
ONGC has moved 33 offshore jack-up rigs to new drilling locations ahead of the adverse weather conditions associated with the Indian monsoon season. According to AqualisBraemar, which assisted with ONGC’s rig moves, said the operation was completed…
Engineering and marine consultancy LOC Group has appointed Steve Mason as DP Manager to LOC Houston.Mason joins LOC Houston from the offshore vessel company Hornbeck Offshore, where he was a Master for 8 years.'[Mason's] appointment will further…
A fire broke out on Saturday aboard Suncor Energy-operated Terra Nova FPSO offshore Canada, the offshore oil and gas regulator C-NLOPB said.Suncor told C-NLOPB that everyone onboard was accounted for and safe, and that the fire had been extinguished…
Allseas' Solitaire vessel is 'up and running' with pipelay works on the Karish project in the Mediterranean Sea, offshore Israel, the vessel-owner said Friday.'Over the next few weeks, [Solitaire] will lay 90 km of export gas pipeline in water depths up to 1750 m…
Lebanon has again postponed the deadline for the submissions of applications for its second offshore licensing round, citing the effects of the COVID-19 pandemic and the decline in oil prices.Lebanon had in January postponed the deadline from…
Eversendai Offshore has been awarded construction contracts by Petrofac for two offshore wind projects in Europe, Bursa Malaysia-listed Eversendai said Monday.The first contract is for the fabrication and construction of an offshore wind substation platform topside…
UK-based oil and gas company Independent Oil and Gas plc (IOG), has awarded a well management contract to Petrofac for its Core Project Phase 1 in the UK Southern North Sea.The Core Project Phase 1 will develop and bring online the Southwark…
Turkey may begin oil exploration in the eastern Mediterranean within three or four months under a deal it signed with Libya that was condemned by others in the region including Greece, Energy Minister Fatih Donmez said on Friday.Libya's internationally…
The oil and gas technology company Ace Oil Tools has launched its new Ace Splice Clamp to the completions market.Allowing multiple lines to be spliced with a single clamp, the ASC is a ‘sub-less’ downhole product that protects the control lines during completion…
The Norwegian government proposes spending 3.6 billion Norwegian crowns ($369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on Friday.'The crisis we are now in hasn't…