Oslo-listed seismic survey company Magseis Fairfield has together with its partner CGG secured pre-funding from another oil major for the extension of the OBN Cornerstone multi-client survey in the North Sea.Magseis Fairfield did not say who the oil major was…
Tullow Oil said on Wednesday it was set to book $1.4-1.7 billion in impairments before tax in its half-year results, as it follows larger rivals in lowering its oil price forecasts.Tullow, which had a market capitalization of around $508 million after markets closed on Tuesday…
The former boss of Mexican state oil firm Pemex, Emilio Lozoya, told a court on Tuesday he was innocent of graft charges and vowed to denounce those responsible for his alleged crimes, in a case that could seriously embarrass Mexico's previous rulers…
Dutch offshore surveying services provider Fugro has started the geophysical survey phase of a large multidisciplinary site investigation contract for East Anglia offshore wind hub project in the UKThe contract with ScottishPower Renewables…
Malaysian oil and gas company Petronas Carigali will use Honeywell UOP modular natural gas processing technology at the Kasawari gas field offshore Sarawak, Malaysia.Honeywell UOP said Petronas would use its technology in the development of…
Norwegian oilfield services company Aker Solutions has won a contract extension from ExxonMobil for the provision of engineering, procurement, and construction (EPC) services for the Hebron platform, offshore Newfoundland, Canada.The Hebron oil field is located offshore Newfoundland and Labrador…
TGS, a Norway-based provider of seismic data for the oil and exploration and production companies, has announced the completion of the East Coast Canada Facies Map Browser and Play Fairway Analysis (ECC FMB & PFA). The company said that the…
Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday she hopes the will shown by Turkey to open a dialogue on oil drilling in the Eastern Mediterranean will be followed by action.Turkey is at loggerheads with Greece and Cyprus over overlapping claims for offshore reserves…
Gas flow has resumed via the Nord Stream pipeline in the Baltic Sea, carrying Russian gas to Germany, after completion of annual maintenance works.Nord Stream AG, the company running the pipeline, said this week that all planned maintenance works on the twin-gas pipeline were completed on time…
Israel's Navitas Petroleum said on Tuesday the Blackstone Group signed a preliminary deal to raise its stake in a drilling project in the Gulf of Mexico to 47% from 16%.Navitas had partnered with U.S. oil firm LLOG and Blackstone's portfolio…
Italian oil and gas giant Eni, along with partners Total and BP, has made a gas discovery in the Mediterranean Sea, offshore Egypt.The discovery was made at the Bashrush well on the Eni-operated North El Hammad license, located eleven kilometers off the Egyptian coast…
UK-based energy consultancy Xodus Group has partnered up Japanese consultancy E&E Solutions to deliver advice and analysis for the developing offshore wind market in Japan.E&E Solutions has the local market knowledge, including an extensive…
Gulf Marine Services, a UAE-based supplier of self-propelled and self-elevating support vessels (SESVs) for the offshore energy industry, has said it has completed its first Well Intervention work scope.The company, which normally provides offshore…
Oil and gas company OMV has reduced the size estimated of its Hades gas/condensate discovery made in 2018 in the Norwegian Sea, following the drilling of an appraisal well.The company had previously estimated that the size of the discovery between…
Spain's foreign minister said that talks in Turkey on Monday had helped to reduce tensions between some European Union members and Ankara over Turkish energy exploration in the Mediterranean, adding that a one-month pause in drilling was possible…