A BP drilling rig reached its destination in the North Sea on Wednesday after 11 days of delays due to Greenpeace protests over climate change, the activist group said.The 40,000-metric-ton Paul Loyd JNR left Cromarty Firth, north of Inverness…
Cyprus and Greece heaped pressure on the EU on Tuesday to take action against Turkey over gas drilling in disputed waters, as Ankara said it would step up exploration in a move that could further strain ties with Western allies.Turkey and Cyprus…
Energy major Total said its new supercomputer - which has propelled it to a world ranking as the most powerful computer in the sector - will enable its geologists to find oil faster, cheaper and with a better success rate.The Pangea III computer…
Turkey will launch a second drilling vessel on Thursday that will begin natural gas operations near Cyprus at the beginning of July, Turkish Energy Minister Fatih Donmez was quoted as saying on Tuesday.Turkey and the internationally recognized…
UK-based offshore drilling company Seadrill has secured a one well contract with Kosmos Energy (KOS), for the West Capricorn.The rig will work for KOS in the U.S. Gulf of Mexico. The job is expected to begin in the fourth quarter of 2019, while the backlog is approximately $10 million…
The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for well 25/2-20 as per the the Resource Management Regulations.Well 25/2-20 in the North Sea will be drilled from the Odfjell Drilling's Deepsea Stavanger drilling facility…
A BP drilling rig heading to an oilfield in the British North Sea has been forced to turn away twice over the past two days as a Greenpeace vessel protesting climate change tries to hamper its progress.The high-sea chase is the latest step in Greenpeace's nine-day effort to stop the 40…
The outlook for West Africa’s offshore oil and gas market remains positive despite some hiccups hinged on delay by some countries in the region to align their hydrocarbon regulations to prevailing market trends and the intensifying global competition…
India’s Oil and Natural Gas Corporation Limited (ONGC) has moved a record high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season, said marine and offshore engineering consultancy Aqualis Offshore.Aqualis Offshore assisted with the majority of the rig moves…
Equinor's exploration well drilled near its Korpfjell gas find in the Norwegian Arctic has proved to be dry, Norway's Petroleum Directorate said on Monday, in an area near the Russian offshore border the company had hoped would be oil rich.This…
Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery…
Equinor announced on Monday that it has discovered oil and gas in separate formations of cut by the same well, and all indications are that a new oil-heavy play in a Norwegian Sea gas province may create a rush to oil if the area’s notoriously splintered geology can be mastered…
Equinor and its partners Ineos E&P and Faroe Petroleum have made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production licence 159B in the Norwegian Sea. The well had two different reservoir targets; an upper…
Thailand-based offshore drilling services company Mermaid Maritime Public Company said that its subsidiary Mermaid Subsea Services Thailand (MSST) has entered into a $65 million loan deal with the Export-Import Bank of Thailand (Exim).As per…
French President Emmanuel Macron urged Turkey to stop 'illegal activities' in Cyprus's exclusive economic zone and said the European Union would not back down on the issue.European Union members have pressured Turkey to drop its plans for offshore…