A joint venture formed by Canada-based firms CGX Energy and Frontera Energy on Monday said results from a well drilled in Guyana's offshore Corentyne block showed the presence of light oil and gas condensate.'The joint venture encountered hydrocarbons in multiple zones…
U.S. government officials in March asked Brazil's state-run oil company Petrobras whether it could increase crude output after Russia's invasion of Ukraine sent global prices soaring, three people with knowledge of the matter told Reuters. They came away empty-handed…
Oil and gas company Neptune Energy said Tuesday it would spend more than $1 billion over the next five years 'securing energy supplies for the UK and speeding the transition to net zero.'The amount planned for investment includes capex and pre-development…
Pre-front end engineering and design studies (Pre-FEED) have started for the development of the Ithaca and Hibiscus owned Marigold field via the Repsol Sinopec-operated Piper Bravo platform in the UK North Sea. Repsol Sinopec made the announcement…
Scana's Seasystems has secured a contract worth more than NOK 50 million (more than ~$5,16 million) to deliver an anchoring system to an FPSO project in Brazil.Seasystems will deliver mooring equipment such as dual axis chain stoppers, chain handling systems…
Malaysian FPSO leasing company Yinson has ordered a suite of electrical and control equipment from Kongsberg Maritime for an FPSO vessel currently under conversion. Kongsberg Maritime will deliver E-house, electrical, control, safeguarding and telecommunication equipment solutions…
Offshore construction firm Lamprell said Tuesday it was engaged with an international rig operator for major upgrade work on three jack-up drilling rigs in readiness for their deployment in the Gulf region.The first of the rigs will arrive at Lamprell's Hamriyah quayside this month…
Italian energy services group Saipem is working to bring forward a planned 2 billion euro ($2.12 billion) capital increase and carry it out in the summer, CEO Francesco Caio told Il Sole 24 Ore in an interview published on Tuesday.The capital…
SapuraOMV has started drilling at the Kanga-1 well in the WA-412-P offshore license in Western Australia, Finder Energy, a partner in the project said Tuesday.The well is located in the Dampier Sub-basin, around 20 km east of the Mutineer/Exeter and Fletcher/Finucane oil fields…
Australian oil and gas company Karoon Energy has extended the contract for the use of Maersk Drilling's Maersk Developer semi-submersible drilling rig offshore Brazil.Karoon Energy has exercised its option to add the drilling of up to two wells…
Norwegian oil and gas company Equinor has agreed to sell its non-operated share in the Greater Ekofisk Area and a minority share in the Martin Linge offshore field, both offshore Norway, to Sval Energi for $1 billion in cash, plus contingent payments linked to oil and gas prices in 2022 and 2023…
Singapore-based Sembcorp Marine has awarded NOV contracts to supply equipment for the wind turbine installation vessel (WTIV) it is building for Maersk Supply Service. This will be the first WTIV for both Semcorp Marine and Maersk Supply Service…
Ocean Infinity, a seabed survey and ocean research company based in the United States, has released the first photographs of their Armada 78m remotely operated ship taking to the water, and shared them with Offshore Engineer.More than two years ago…
Greece and the United Arab Emirates (UAE) agreed to jointly fund investments worth 4 billion euros ($4.2 billion) in the Mediterranean country and explore further cooperation in the energy sector, the Greek prime minister's office said on Monday…
Longboat Energy, an oil and gas company established in late 2019 by ex-Faroe Petroleum management team, has farmed into two near-term, gas-weighted exploration prospects offshore Norway, through an agreement with the Australian oil and gas company OMV…