Norwegian oil firm Aker BP said it would slightly increase its capital and exploration spending this year as it reported second-quarter results that fell year-on-year.Aker's net income fell to $62 million in the quarter from $128 million a year earlier…
Norwegian oil firm Aker BP has made an oil discovery off Norway which could strengthen its hand in negotiations with sometimes partner Equinor on how to develop fields.Aker BP, formed from a merger of BP's Norwegian oil assets and the Det norske oil firm controlled by billionaire Kjell-Inge Roekke…
The European Union is set to curb contacts and funding for Ankara in retaliation for what it calls Turkey's 'illegal' drilling for gas and oil off Cyprus and stands ready to ramp up sanctions further, a draft statement seen by Reuters shows…
Norwegean oil and gas exploration and production company Capricorn Norge AS has completed the drilling of wildcat well 6508/1-3. The well was a dry hole.According to Norwegian Petroleum Directorate (NPD), the well was drilled about 6 kilometers…
The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round, which began on Wednesday with disclosure of contract terms…
The U.S. State Department on Tuesday urged Turkish authorities to halt energy drilling operations off the Cypriot coast in the Mediterranean, a day after Cyprus protested a Turkish ship dropping anchor there.'This provocative step raises tensions in the region…
Senior representatives from “thought leaders” ABS, DNV GL and Lloyd’s Register weigh in on some of the top class and regulatory issues facing the offshore industry today, from decommissioning and decarbonization to cyber security, unmanned surface vessels and beyond…
Services firm Archer announced on Monday it has been awarded a contract with integrated oil and gas company OMV for the provision of drilling services using the modular drilling rig (MDR) Archer Emerald, including associated services, materials…
A second Turkish ship planning to drill for oil and gas off Cyprus arrived off the Mediterranean island's northeastern coast on Monday, triggering a strong protest from Nicosia of an infringement by Turkey of its sovereign rights.Last month…
Dubai-headquartered offshore drilling contractor Shelf Drilling has secured a contract for the Shelf Drilling Scepter jack-up rig with Chevron Thailand Exploration and Production for operations in the Gulf of Thailand.The contract for the 2008…
Canadian oil and gas exploration company Eco Atlantic Oil & Gas Ltd said it has started drilling operations for the first well in the Jethro-Lobe prospect on the Orinduik block, offshore Guyana.The well was spud on Thursday (July 04) using the Stena Forth drillship…
ST Engineering Halter Marine and Offshore (STEHMO) installed a NOV crown mounted compensator (CMC) on Diamond Offshore’s Ocean Blackhawk drillship.The 215-metric-ton passive heave compensator was fully assembled and lifted on the top of the derrick on May 22…
Equinor has, on behalf of the Oseberg partners, made a profitable oil discovery related to Oseberg Vestflanken, the Norwegian energy company announced on Thursday. It said the well was drilled by the Askepott rig and the discovery will soon…
Italian oil contractor Saipem is stepping up efforts to find a partner for its drilling business by moving a top manager to head the business, a source with knowledge of the matter said on Tuesday.Stefano Porcari, chief operating officer at the group's E&C Offshore Division…
Mexican state oil company Pemex is pursuing a risky Gulf of Mexico deepwater project despite vowing as recently as two weeks ago it would focus its limited resources elsewhere, according to a filing with the country's oil regulator.Pemex sought…