Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020…
Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country's statistics agency (SSB) showed on Tuesday.Higher investment raises the prospect of further interest rate hikes by Norway's central bank…
Whatever its investments in wind, Equinor on Monday received a much anticipated greenlight to drill for oil in a mature quadrant of the North Sea, where success with the drill bit could again change field economics for the giant Johan Sverdrup field — and other…
Ivory Coast has awarded four new offshore oil and gas blocks, two to France's Total and two to Italy's ENI, government spokesman Sidi Toure said on Wednesday.Ivory Coast, the world's top cocoa producer, is seeking to develop it long-neglected oil sector…
Survey and positioning services provider iSURVEY informs it has been awarded a contract to perform a drilling hazard survey campaign in the North Sea and in the Barents Sea, on behalf of Lundin Norway.Work commences in June, with a seabed geological…
Singapore based Energy Drilling said it has received a letter of award (LOA) on May 15 from EnQuest to perform drilling services on the Seligi Field offshore Peninsula Malaysia with the tender assist rig (TAD) EDrill-2. The contract calls for two firm wells plus two option wells…
Sierra Leone has put on a brave face and announced a rehashed package for bidders interested in taking part in its fourth hydrocarbons licensing round that was suddenly put on the ice in September 2018 after a new administration took charge…
Teekay said it has entered into an agreement with Canadian Natural Resources (CNR) to extend the employment of the Petrojarl Banff FPSO unit on the Banff field in the UK North Sea for a period of one year to the end of August 2020.According to Teekay…
The Shell-operated Appomattox floating production system in the US Gulf of Mexico has been brought into production several months ahead of schedule, the British-Dutch supermajor announced on Thursday.The ultra-deepwater Appomattox development…
A collection of new orders may signal good news for the floating production sector, says a recent market report from International Maritime Associates and World Energy Reports (IMA/WER).Since the start of 2019, there have been 10 orders for floating production units…
Asia Pacific focused independent oil and gas company Jadestone Energy announced on Thursday that the Stag 49H infill well offshore Australia has started producing at a rate of 1,400 bopd.After concluding drilling operations on May 6, 2019, the…
Norway based marine seismic surveyor Magseis Fairfield announced Wednesday it has received a letter of intent (LoI) for a two-month deepwater data acquisition program in the Gulf of Mexico.The survey is due to commence late in the fourth quarter of 2019…
The DOF Group announced on Wednesday it has been awarded several contracts for its fleet in Brazil commencing during the next months.Norskan Offshore has been awarded a contract from Total in Brazil for the anchor handling tug supply vessel (AHTS) Skandi Rio…
Norway's oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway's Petroleum Directorate (NPD) said on Wednesday.Including condensate and natural gas liquids (NGL)…
Dana Gas said it commenced drilling operations on Monday at its Merak-1 well, offshore Egypt in the hopes of finding world-class natural gas resources in a basin where several giant discoveries have been made in recent years.The location is in 755 meters of water in the North El Arish concession…