Energy News


Two Groups Bid in Israel's Offshore Tender

Jul 15, 2019

Israel received bids from two groups of companies to explore for oil and gas off its Mediterranean coast, the Energy Ministry said on Monday.Israel had offered rights to 19 offshore blocks, and said the groups offered to explore in 12 of them…

German North Sea Wind Power Output Rising

Jul 15, 2019

Power production from German North Sea wind farms from January to June totaled 9.51 terawatt hours (TWh), 16% more than in the same 2018 period, grid company TenneT GmbH said on Monday.TenneT, the German arm of the bigger Dutch transmission network group…

Storm Slashes US Gulf Oil Output 59%

Jul 12, 2019

Almost 59 percent, or 1.1 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico has been cut because of Tropical Storm Barry, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Friday…

Norway's June Production Lags Forecast

Jul 12, 2019

Norway's oil production fell 28.2% year-on-year in June to 1.067 million barrels per day, lagging the official forecast for the month by 10.2%, Norway's Petroleum Directorate (NPD) said on Friday.Including condensate and natural gas liquids (NGL)…

Aker BP Makes Oil Discovery off Norway

Jul 12, 2019

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…

Hurricane Raises 2020 Production Guidance

Jul 11, 2019

Hurricane Energy's shares recorded their biggest daily rise since 2017 on Thursday, jumping more than 13% after the group upped its production guidance for 2020 on positive results from its so-called fractured basement reservoirs in Britain…

Capricorn Norge Drills Dry Well

Jul 11, 2019

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…

Saipem: Saudi Contracts Part of Gas Shift

Jul 10, 2019

Two contracts signed in Saudi Arabia for $3.5 billion by Italy's oil contractor Saipem are part of a shift in the company's strategy to focus more on natural gas, Chief Executive Stefano Cao said on Wednesday.Saipem said on Tuesday it won two…

Storm Forces US Gulf Platform Evacuations

Jul 10, 2019

Exxon Mobil Corp and Anadarko Petroleum Corp on Wednesday joined several other U.S. oil producers withdrawing staff from deepwater platforms in the U.S. Gulf of Mexico as what could be a major storm gathered.The withdrawals helped push U.S. oil futures up 3…

Total Fined for North Sea Chemical Discharge

Jul 09, 2019

Denmark has fined French oil and gas major Total 500,000 Danish crowns ($75,145) for the discharge of chemicals in the North Sea by a company it bought in 2017, Danish broadcaster DR said on Tuesday.Maersk Oil, the former oil unit of shipping giant A…

Equinor to Sell Shares in Lundin Petroleum

Jul 08, 2019

Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…

Eni, KMG Partner in Caspian Project

Jul 05, 2019

The Kazakh Ministry of Energy, national company KazMunayGas (KMG) and Eni signed a protocol of direct negotiations to grant the subsoil use right for exploration and production of hydrocarbons within joint operations on Abay, an offshore area in the Kazakhstani sector of the Caspian Sea…

Petrobras Gas Fields, Exploration Bloc Up for Sale

Jul 05, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA has put its Peroa and Cangoa shallow-water natural gas fields and a deepwater exploration concession known as Malombe in the state of Espirito Santo up for sale, the company said.In a securities filing…

Petrobras Reschedules Oilfield Bid

Jul 05, 2019

Brazil's Petroleo Brasileiro SA is scheduled to hold a final 're-bid' for two oilfields off the coast of Rio de Janeiro on July 8, four sources told Reuters this week, after the state-run oil firm annulled a previous bidding round.Among the…

Current News

North Sea Capital Making Inroads

US Gulf Production Restarting After Barry

Two Groups Bid in Israel's Offshore Tender

Expro to Supply IRS Offshore Mauritania

New Platform Loaded Out for Vladimir Filanovsky

PGNiG Buys Into Duva Field

MacGregor Cleared to Buy TTS Unit

German North Sea Wind Power Output Rising

Inpex Wins Offshore Australia Block

Hurricane Energy Spuds Lincoln Crestal

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week