Oil prices climbed on Thursday, paring some of their steep losses in the previous session, as the potential for an energy standoff between European nations and Russia overshadowed fears of recession and rising inflation.Brent crude futures LCoc1 rose by 25 cents or 0…
Africa-focused oil and gas company Chariot it has signed a pipeline tie-in agreement that takes it a step forward in unlocking its Anchois gas project offshore Morocco. The agreement was signed with the Office National des Hydrocarbures et des…
Norway-based subsea services provider Reach Subsea has recently signed contracts amounting totally in excess of NOK 200 million, including an important strategic contract in the Brazilian market, which was signed yesterday (7 Sept). The contract…
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract…
Offshore drilling contractor Transocean on Tuesday announced it has secured two drilling contracts for its ultra-deepwater drillship Deepwater Asgard in the U.S. Gulf of Mexico.The two awards, which come from separate operators and are worth about $181 million combined…
Croatian oil and gas company INA said on Wednesday Sandor Fasimon, president of INA's management board, is to step down from his post.Last month, Croatian authorities accused an organised crime gang of defrauding INA of 1 billion kuna ($131…
Island Drilling Company announced it has signed a contract with Trident Energy to provide the Island Innovator drilling unit and associated services for a drilling campaign offshore Equatorial Guinea.Planned to start in September/October of 2023…
Offshore drilling contractor Valaris announced on Tuesday that it has received a payment of $40 million from its joint venture with Saudi Aramco, ARO Drilling, representing a partial early repayment of its shareholder notes receivable.Following this payment…
TotalEnergies has lodged its production license application for Block 11B/12B offshore South Africa, the national petroleum regulator said on Tuesday, before a deadline expired which might have seen the oil major forfeit its right to develop the huge discovery…
Oilfield services firm Baker Hughes Co said on Tuesday it will simplify its organizational structure by reducing its business units to two from four, starting October 1.The company added it expects to deliver at least $150 million in cost savings…
EIVA a/s announced it recently acquired Danish hydrographic survey company SensorSurvey a/s.The two companies, having worked together for many years, are now taking the next step forward in bridging efforts – strengthening both EIVA’s product…
UK-subsea rental equipment and solutions specialist Ashtead Technology said Monday it planned to acquire WeSubsea to expand its mechanical solutions service offering.Founded in 2010, WeSubsea is a specialist in subsea dredging technology solutions with its operating base in Aberdeenshire…
Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany through the Nord Steam 1 pipeline, no longer complied with safety requirements…
The U.S. Environmental Protection Agency has revoked the pollution control permit of Bluewater Texas Terminal, according to a letter sent by the EPA to the offshore oil terminal, following objections from environmental groups.The terminal, jointly…
Guyana could bank about $1.25 billion this year from the sale of oil as its share of offshore production and royalties, up 30% from a prior estimate, the government's finance ministry said over the weekend. Historically one of South America's poorest nations…